Company Registration No. 10569677 (England and Wales)
Eastmoor London Limited
Unaudited accounts
for the year ended 30 June 2023
Eastmoor London Limited
Unaudited accounts
Contents
Eastmoor London Limited
Company Information
for the year ended 30 June 2023
Company Number
10569677 (England and Wales)
Registered Office
Standard House
107 - 115 Eastmoor Street
London
SE7 8LX
United Kingdom
Accountants
VM UK Accountants Limited
7 Lita Mews
Romford
London
RM1 3FG
Eastmoor London Limited
Statement of financial position
as at 30 June 2023
Investment property
895,035
895,035
Cash at bank and in hand
1,169
4,251
Creditors: amounts falling due within one year
(406,323)
(399,100)
Net current liabilities
(405,054)
(394,749)
Total assets less current liabilities
489,981
500,286
Creditors: amounts falling due after more than one year
(488,141)
(498,853)
Called up share capital
100
100
Profit and loss account
1,740
1,333
Shareholders' funds
1,840
1,433
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 March 2024 and were signed on its behalf by
X Lita
Director
Company Registration No. 10569677
Eastmoor London Limited
Notes to the Accounts
for the year ended 30 June 2023
Eastmoor London Limited is a private company, limited by shares, registered in England and Wales, registration number 10569677. The registered office is Standard House, 107 - 115 Eastmoor Street, London, SE7 8LX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Fair value at 1 July 2022
895,035
The bank loans are secured against the company's freehold properties. The loan is repayable by instalment over the period in excess of 5 years.
Amounts falling due within one year
Eastmoor London Limited
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
36,000
36,000
Amounts owed to group undertakings and other participating interests
362,508
359,442
Taxes and social security
2,113
2,658
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
488,141
498,853
8
Transactions with related parties
Other creditor includes amount payable to Lita Homes Limited of £356,274 (2022 : £356,274). The company in which Mr X Lita is director and controlling shareholder.
Other creditor includes amount payable to Access Property Management Ltd £6,234 (2022: £2,166). the company is subsidiary of Lita Homes and Mr X Lita is the common director.
The company is subsidiary of Lita Homes Limited.
The ultimate controlling party is Mr X Lita who is common director of parent and subsidiary and controlling shareholder of Lita Homes Limited, parent company of Eastmoor London Limited.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
