Eastwillow Properties Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04918404 (England and Wales)

Abbreviated Accounts for the Year Ended 31st October 2014

for

Eastwillow Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A K Tohani

V K Tohani

SECRETARY:

A K Tohani

REGISTERED OFFICE:

C/o Citycas Ltd

540 5th Floor Linen Hall

162-168 Regent Street

London

W1B 5TF

REGISTERED NUMBER:

04918404 (England and Wales)

ACCOUNTANTS:

City, Chartered Accountants

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

FIXED ASSETS

Tangible assets

2

-

-

Investments

3

1

1

1

1

CURRENT ASSETS

Stocks

1,401,418

1,427,918

Debtors

144,398

132,890

Cash at bank

62,548

39,985

1,608,364

1,600,793

CREDITORS

Amounts falling due within one year

4

(898,094

)

(869,383

)

NET CURRENT ASSETS

710,270

731,410

TOTAL ASSETS LESS CURRENT LIABILITIES

710,271

731,411

CREDITORS

Amounts falling due after more than one year

4

(573,440

)

(625,272

)

NET ASSETS

136,831

106,139

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

136,830

106,138

SHAREHOLDERS' FUNDS

136,831

106,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30th July 2015 and were signed on its behalf by:

A K Tohani - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2013

and 31st October 2014

7,464

DEPRECIATION

At 1st November 2013

and 31st October 2014

7,464

NET BOOK VALUE

At 31st October 2014

-

At 31st October 2013

-

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st November 2013

and 31st October 2014

1

NET BOOK VALUE

At 31st October 2014

1

At 31st October 2013

1

4.

CREDITORS

Creditors include an amount of £ 456,216 (31.10.13 - £ 488,999 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.10.14

31.10.13

£

£

Repayable by instalments

573,440

625,272

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

1

Ordinary

£1

1

1

6.	RELATED PARTY DISCLOSURES

During the year 2007 the company purchased a quarter share in Aldergale Estates Ltd for £1. The

director Mr A K Tohani is also a director of Aldergale Estates Ltd. The company lent £115,159 to

Aldergale Estates Limited which was loaned to the company by Mr D Tohani the director's father.