Eastwillow Properties Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04918404 (England and Wales)

Abbreviated Accounts for the Year Ended 31st October 2016

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

2,147

363

Investments

3

21

1

2,168

364

CURRENT ASSETS

Stocks

1,387,988

Debtors

133,599

156,326

Cash at bank

169,340

95,319

1,690,927

1,639,633

CREDITORS

Amounts falling due within one year

4

1,003,731

944,815

NET CURRENT ASSETS

687,196

694,818

TOTAL ASSETS LESS CURRENT
LIABILITIES

689,364

695,182

CREDITORS

Amounts falling due after more than one
year

4

466,514

520,669

NET ASSETS

222,850

174,513

CAPITAL AND RESERVES

Called up share capital

5

1

Profit and loss account

222,849

174,512

SHAREHOLDERS' FUNDS

222,850

174,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2016 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 17th July 2017 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 January 2015).

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 2015

7,948

Additions

1,944

Disposals

(77

)

At 31st October 2016

9,815

DEPRECIATION

At 1st November 2015

7,585

Charge for year

83

At 31st October 2016

7,668

NET BOOK VALUE

At 31st October 2016

2,147

At 31st October 2015

363

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st November 2015

and 31st October 2016

21

NET BOOK VALUE

At 31st October 2016

21

At 31st October 2015

21

4.

CREDITORS

Creditors include an amount of £ 388,515 (31.10.15 - £ 422,892 ) for which security has been given.

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

31.10.16

31.10.15

£

Repayable by instalments

466,514

520,669

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

1

Ordinary

£1

1

6.	RELATED PARTY DISCLOSURES

In 2007 the Company purchased a quarter share in Aldergale Estates Ltd for £1. Later that year a

further 20 £1 shares were allotted to the Company. The director Mr A K Tohani is also a director of

Aldergale Estates Ltd. The company lent £115,159 to Aldergale Estates Limited.

At the year end, the company owed Mr A K Tohani and Mr V K Tohani £869,371 (2015: £630,139).

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A K Tohani.