Eastwick Investments Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05537124 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2015

for

Eastwick Investments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms J E Gouldstone

J R Hancock

REGISTERED OFFICE:

122 Feering Hill

Feering

Colchester

Essex

CO5 9PY

REGISTERED NUMBER:

05537124 (England and Wales)

ACCOUNTANTS:

Granite Morgan Smith Limited

122 Feering Hill

Feering

Colchester

Essex

CO5 9PY

FIXED ASSETS

426,147

Investment property

2

512,107

CURRENT ASSETS

1,312

Debtors

18,105

20,381

Cash at bank and in hand

22,549

21,693

40,654

CREDITORS

220,201

Amounts falling due within one year

3

257,999

(198,508

)

NET CURRENT LIABILITIES

(217,345

)

227,639

TOTAL ASSETS LESS CURRENT LIABILITIES

294,762

CREDITORS

235,720

Amounts falling due after more than one year

3

295,948

(8,081

)

NET LIABILITIES

(1,186

)

CAPITAL AND RESERVES

2

Called up share capital

4

2

(8,083

)

Profit and loss account

(1,188

)

(8,081

)

SHAREHOLDERS' FUNDS

(1,186

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 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 26 February 2016 and were signed on its behalf by:

Ms J E Gouldstone - 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 June 2014

426,147

Additions

85,960

At 31 May 2015

512,107

NET BOOK VALUE

At 31 May 2015

512,107

At 31 May 2014

426,147

The directors consider that the value of the investment property is a good representation of the open market value

at the balance sheet date.

3.

CREDITORS

Creditors include an amount of £ 306,521 (31.5.14 - £ 244,257 ) for which security has been given.

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

31.5.15

31.5.14

£

£

Repayable by instalments

242,683

188,512

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

2

Ordinary

£1

2

2

5.	RELATED PARTY DISCLOSURES

During the period ended 31 May 2008, a loan for £20,000 was made to the company by G and H Associates

(Brussels ) Ltd. No interest was paid during the year and the loan remains outstanding at the year end. The

directors Ms J E Gouldstone and J R Hancock are also directors of G and H Associates (Brussels) Ltd.

During the period ended 31 May 2008, a loan for £10,000 was made to the company by G and H Associates Ltd.

During the year a further loan of £25,000 was made to the company by G and H Associates Ltd. No interest was

paid during the year and the loan of £35,000 remains outstanding at the year end. The directors Ms J E

Gouldstone and J R Hancock are also directors of G and H Associates Ltd.

At the balance sheet date the company owed the director J E Gouldstone £80,294 (2014 - £80,294) and J R

Hancock £75,000 (2014 - £75,000) in respect of their directors loan account. This loan is interest free and

repayable on demand.

The company incurred a property management fee from Eastwick Management in the sum of £10,000, a

partnership in which Ms J E Gouldstone and Mr J R Hancock have a beneficial interest.

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by it's directors by virtue of their shareholdings.