Eaglevale Ltd - Accounts to registrar - small 17.2

Eaglevale Ltd - Accounts to registrar - small 17.2

EAGLEVALE LTD - Company Information

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REGISTERED NUMBER: 04647352 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

EAGLEVALE LTD

EAGLEVALE LTD (REGISTERED NUMBER: 04647352)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EAGLEVALE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2017







DIRECTOR: J Schreiber





SECRETARY: Mrs R Niederman





REGISTERED OFFICE: 147 STAMFORD HILL
London
N16 5LG





REGISTERED NUMBER: 04647352 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
EAGLEVALE LTD (REGISTERED NUMBER: 04647352)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2017

31.1.17 31.1.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 44 52
Investment property 4 275,000 250,000
275,044 250,052

CURRENT ASSETS
Debtors 5 903 -
Cash at bank 7,718 5,557
8,621 5,557
CREDITORS
Amounts falling due within one year 6 32,768 29,362
NET CURRENT LIABILITIES (24,147 ) (23,805 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
250,897
226,247

CREDITORS
Amounts falling due after more than one
year
7
61,790
66,614
NET ASSETS 189,107 159,633

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 9 25,000 -
Retained earnings 164,106 159,632
SHAREHOLDERS' FUNDS 189,107 159,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
EAGLEVALE LTD (REGISTERED NUMBER: 04647352)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 2 October 2017 and were signed by:





J Schreiber - Director


The notes form part of these financial statements

Page 3
EAGLEVALE LTD (REGISTERED NUMBER: 04647352)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017

1. STATUTORY INFORMATION

Eaglevale Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Transition to financial reporting standards 102
The company has adopted FRS 102 Section 1A for the first time in the preparation of these accounts.
Accordingly the date of transition to FRS 102 was 1 February 2015 (beginning of the accounting period of
comparative financial year).

There are no material differences in determining the company's profit and loss under FRS 102 Section 1A and
the previous framework the company adopted (the Financial Reporting Standard for Smaller Entities (effective
January 2015)).

Turnover
Turnover represents net rent recivable excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment properties are properties held to earn rental income or for capital appreciation or for both.

Investment properties are recognised initially at cost.

Subsequent to initial recognition:
a. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair
value. Any gains or losses arising from change in fair value are recognised in profit or loss in the period that they
arise; and

b. no depreciation is provided in respect of investment properties applying the fair value model.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


Page 4 continued...
EAGLEVALE LTD (REGISTERED NUMBER: 04647352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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 year 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.

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2016
and 31 January 2017 260
DEPRECIATION
At 1 February 2016 208
Charge for year 8
At 31 January 2017 216
NET BOOK VALUE
At 31 January 2017 44
At 31 January 2016 52

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2016 250,000
Revaluations 25,000
At 31 January 2017 275,000
NET BOOK VALUE
At 31 January 2017 275,000
At 31 January 2016 250,000

Investment property fair value is based on a valuation by an external, independent valuer, having an appropriate
recognised professional qualification and recent experience in the location and class of the property being
valued.

Any gain or loss arising from a change in fair value is recognised in profit or loss.

Page 5 continued...
EAGLEVALE LTD (REGISTERED NUMBER: 04647352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017

4. INVESTMENT PROPERTY - continued

Cost or valuation at 31 January 2017 is represented by:

£   
Valuation in 2017 25,000
Cost 250,000
275,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Trade debtors 903 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Trade creditors - 430
Taxation and social security 1,841 1,615
Other creditors 30,927 27,317
32,768 29,362

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.17 31.1.16
£    £   
Bank loans 61,790 66,614

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 61,790 66,614

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.17 31.1.16
£    £   
Bank loans 61,790 66,614

The bank loan is secured by a first charge over the company's investment properties and bear interest at variable
rates.

Page 6 continued...
EAGLEVALE LTD (REGISTERED NUMBER: 04647352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017

9. RESERVES
Revaluation
reserve
£   
Revaluation reserve 25,000

At 31 January 2017 25,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is J Schreiber.

Page 7