Eastwick Investments Limited - Abbreviated accounts 16.3
Eastwick Investments Limited - Abbreviated accounts 16.3
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REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 31 May 2016 |
for |
Eastwick Investments Limited |
Eastwick Investments Limited (Registered number: 05537124) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 May 2016 |
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Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Chartered Certified Accountants' Report | 6 |
Eastwick Investments Limited |
Company Information |
for the Year Ended 31 May 2016 |
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DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Eastwick Investments Limited (Registered number: 05537124) |
Abbreviated Balance Sheet |
31 May 2016 |
31.5.15 | 31.5.16 |
£ | £ | Notes | £ | £ |
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FIXED ASSETS |
Investment property | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 3 |
( |
) | NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
3 |
( |
) | NET ASSETS/(LIABILITIES) |
CAPITAL AND RESERVES |
Called up share capital | 4 |
( |
) | Profit and loss account |
( |
) | SHAREHOLDERS' FUNDS |
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. |
Eastwick Investments Limited (Registered number: 05537124) |
Abbreviated Balance Sheet - continued |
31 May 2016 |
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The financial statements were approved by the Board of Directors on by: |
Eastwick Investments Limited (Registered number: 05537124) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 May 2016 |
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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 January 2015). |
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 2015 |
and 31 May 2016 |
NET BOOK VALUE |
At 31 May 2016 |
At 31 May 2015 |
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 £ |
They also include the following debts falling due in more than five years: |
31.5.16 | 31.5.15 |
£ | £ |
Repayable by instalments | 232,612 | 242,683 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.16 | 31.5.15 |
value: | £ | £ |
Ordinary | £1 |
Eastwick Investments Limited (Registered number: 05537124) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 May 2016 |
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5. | RELATED PARTY DISCLOSURES |
At the balance sheet date there was monies owed by the company to G and H Associates (Brussels ) Ltd in the |
sum of £70,000 (2015 £70,000). The loan is interest free and repayable on demand 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 ended 31 May 2015 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 £55,294 (2015 - £55,294) and J R |
Hancock £50,000 (2015 - £50,000) 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. |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Eastwick Investments Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Eastwick Investments Limited for the year ended 31 May 2016 which comprise the Profit and |
Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information |
and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the Board of Directors of Eastwick Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eastwick Investments Limited and state those matters that we have agreed to state to the Board of Directors of Eastwick Investments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Eastwick Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eastwick Investments Limited. You consider that Eastwick Investments Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Eastwick Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
27 February 2017 |