Eagle Investments East Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 12478082 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2021 TO 30 JUNE 2022

FOR

EAGLE INVESTMENTS EAST LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr L J Betts

Mr S Fay

Mr J P Francis

Mr H M Daugaard-Hansen

REGISTERED OFFICE:

Ingram House

Meridian Way

Norwich

United Kingdom

NR7 0TA

REGISTERED NUMBER:

12478082 (England and Wales)

ACCOUNTANTS:

LEES

Chartered Certified Accountants

Ingram House

Meridian Way

Norwich

Norfolk

NR7 0TA

CURRENT ASSETS

Debtors

4

415,441

176,708

Cash at bank

315

34,714

415,756

211,422

CREDITORS

Amounts falling due within one year

5

3,795

3,893

NET CURRENT ASSETS

411,961

207,529

TOTAL ASSETS LESS CURRENT LIABILITIES

411,961

207,529

CREDITORS

Amounts falling due after more than one year

6

412,742

207,342

NET (LIABILITIES)/ASSETS

(781

)

187

CAPITAL AND RESERVES

Called up share capital

7

4

4

Retained earnings

(785

)

183

SHAREHOLDERS' FUNDS

(781

)

187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2022 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 June 2023 and were signed on its behalf by:

Mr L J Betts - Director

1.	STATUTORY INFORMATION

Eagle Investments East Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling, which is the functional currency of the company and rounded to the nearest £.

Revenue

Revenue comprises of interest income and is recognised in the income statement for all loans receivable measured at amortised cost using the effect interest method.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Loans receivable

The company has chosen to adopt the recognition and measurement requirements of Sections 11 and 12 of FRS 102 in respect of its financial instruments.

All loans receivable are recognised at the transaction price. After initial recognition, loans receivable are subsequently measured at amortised cost using the effective interest method.

At the balance sheet date the company assesses whether there is objective evidence of impairment of the loans receivable. If there is objective evidence of impairment, an impairment loss is immediately recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

28.2.21

£

£

Loans receivable

415,441

176,708

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

28.2.21

£

£

Bank loans and overdrafts

3,195

3,194

Taxation and social security

-

99

Other creditors

600

600

3,795

3,893

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.22

28.2.21

£

£

Bank loans

39,706

46,806

Other creditors

373,036

160,536

412,742

207,342

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.22

28.2.21

value:

£

£

400

Ordinary A

1p

4

4