Eastland House Limited - Accounts to registrar (filleted) - small 18.2
Eastland House Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 31st March 2020 |
for |
Eastland House Limited |
Eastland House Limited (Registered number: 01597635) |
Contents of the Financial Statements |
For The Year Ended 31st March 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Eastland House Limited |
Company Information |
For The Year Ended 31st March 2020 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
11 King Street |
King's Lynn |
Norfolk |
PE30 1ET |
Eastland House Limited (Registered number: 01597635) |
Balance Sheet |
31st March 2020 |
31/3/20 | 31/3/19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Fair value reserve | 11 |
Retained earnings | 11 |
SHAREHOLDERS' FUNDS |
The director acknowledges her responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Eastland House Limited (Registered number: 01597635) |
Notes to the Financial Statements |
For The Year Ended 31st March 2020 |
1. | STATUTORY INFORMATION |
Eastland House Limited is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is |
recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent |
that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively |
enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been |
enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be |
recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Going concern |
The financial statements have been prepared on the going concern basis. The director considers this basis to be |
appropriate but has not assessed a period in excess of 12 months from the date of approving the accounts. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st April 2019 |
and 31st March 2020 |
NET BOOK VALUE |
At 31st March 2020 |
At 31st March 2019 |
Eastland House Limited (Registered number: 01597635) |
Notes to the Financial Statements - continued |
For The Year Ended 31st March 2020 |
4. | INVESTMENT PROPERTY - continued |
Fair value at 31st March 2020 is represented by: |
£ |
Valuation in 2017 | 204,609 |
Cost | 145,391 |
350,000 |
If the investment property had not been revalued it would have been included at the following historical cost: |
31/3/20 | 31/3/19 |
£ | £ |
Cost | 145,391 | 145,391 |
Aggregate depreciation | 29,080 | 29,080 |
The investment property was valued on an open market basis on 31st March 2017 by the director . |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/20 | 31/3/19 |
£ | £ |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/20 | 31/3/19 |
£ | £ |
Bank loans and overdrafts (see note 7) |
Corporation tax |
Social security and other taxes | 957 | 1,153 |
Accruals | 1,106 | 1,252 |
Director's current account | 43,168 | 37,307 |
7. | LOANS |
An analysis of the maturity of loans is given below: |
31/3/20 | 31/3/19 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31/3/20 | 31/3/19 |
£ | £ |
Bank loans |
The bank loan is secured against The Old Bakery, Church Street, Hunstanton, Norfolk. |
Eastland House Limited (Registered number: 01597635) |
Notes to the Financial Statements - continued |
For The Year Ended 31st March 2020 |
9. | PROVISIONS FOR LIABILITIES |
31/3/20 | 31/3/19 |
£ | £ |
Deferred tax | 27,533 | 27,533 |
Deferred |
tax |
£ |
Balance at 1st April 2019 |
Balance at 31st March 2020 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/3/20 | 31/3/19 |
value: | £ | £ |
Ordinary | £1 | 74 | 74 |
11. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
At 1st April 2019 | 277,066 |
Profit for the year |
At 31st March 2020 | 288,230 |
12. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mrs C R Swain Mason. |