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Financial Statements for the Year Ended 31st October 2021 |
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Eastwillow Properties Limited |
REGISTERED NUMBER:
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Financial Statements for the Year Ended 31st October 2021 |
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for |
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Eastwillow Properties Limited |
Eastwillow Properties Limited (Registered number: 04918404) |
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Contents of the Financial Statements |
for the Year Ended 31st October 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Eastwillow Properties Limited |
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Company Information |
for the Year Ended 31st October 2021 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Suite 540, 5th Floor, |
Linen Hall |
162- 168 Regent Street |
London |
W1B 5TF |
Eastwillow Properties Limited (Registered number: 04918404) |
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Balance Sheet |
31st October 2021 |
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31.10.21 | 31.10.20 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 10 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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Eastwillow Properties Limited (Registered number: 04918404) |
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Balance Sheet - continued |
31st October 2021 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Eastwillow Properties Limited (Registered number: 04918404) |
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Notes to the Financial Statements |
for the Year Ended 31st October 2021 |
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1. | STATUTORY INFORMATION |
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Eastwillow Properties Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2020 - NIL). |
Eastwillow Properties Limited (Registered number: 04918404) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st October 2021 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1st November 2020 |
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Additions |
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At 31st October 2021 |
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DEPRECIATION |
At 1st November 2020 |
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Charge for year |
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At 31st October 2021 |
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NET BOOK VALUE |
At 31st October 2021 |
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At 31st October 2020 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakin |
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COST |
At 1st November 2020 |
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Disposals | ( |
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At 31st October 2021 |
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NET BOOK VALUE |
At 31st October 2021 |
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At 31st October 2020 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.21 | 31.10.20 |
£ | £ |
Amounts owed by group undertakings |
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Amounts owed by associates |
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Eastwillow Properties Limited (Registered number: 04918404) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st October 2021 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.21 | 31.10.20 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to associates | 55,446 | - |
Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31.10.21 | 31.10.20 |
£ | £ |
Bank loans |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank Loans | 33,390 | 59,971 |
Eastwillow Properties Limited (Registered number: 04918404) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st October 2021 |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.10.21 | 31.10.20 |
£ | £ |
Bank loans |
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On 2 February 2004, a debenture in favour of the Bank of Scotland was created over the Company's properties and assets. |
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On 1 April 2004, a legal charge in favour of the Bank of Scotland was created over 71 Digby Road. |
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On 14 April 2005, a legal charge in favour of the Bank of Scotland was created over Flat 6, 157 Commercial Street and the Company's other properties and assets. |
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On 25 January 2006, a mortgage in favour of Lloyds TSB was created over Unit 8, Glenmore Business and the Company's other properties and assets. |
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On 6 June 2007, a mortgage in favour of Lloyds TSB was created over 91 Whitton Road and the Company's other properties and assets. |
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On 20 November 2009, debenture in favour of Lloyds TSB was created over the Company's properties and assets. |
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On 24 November 2009, a mortgage in favour of lloyds TSB was created over 55 Tower Hamlets Road and the Company's other properties and assets. |
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10. | RESERVES |
Revaluatio |
reserve |
£ |
At 1st November 2020 |
and 31st October 2021 |
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Eastwillow Properties Limited (Registered number: 04918404) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st October 2021 |
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11. | RELATED PARTY DISCLOSURES |
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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 A K Tohani is also a director of Aldergale Estates Ltd. The Company lent £115,159 to Aldergale Estates Limited. The loan was repaid and accumulated profits paid during the year. Aldergale Estates Ltd was dissolved in May 2021. |
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The Company is a member of Frognal Partners LLP. The Company lent £174,832 to the LLP. At the year end the balance was £117,317 (2020: £115,382). |
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On behalf of the Company, A K Tohani was a partner in Basingstoke Skylight LLP. The Company lent £174,375 to the LLP. At the year end the balance was £249,735 (2020: £231,130). |
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On behalf of the Company, A K Tohani was a partner in Slough Skylight LLP. The Company lent £532,575 to the LLP. At the year end the loan had been repaid with the Company owing £55,446 (2020: DR £490,629). |
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On behalf of the Company, A K Tohani was a partner in Spondon Investments LLP. The Company lent £178,666 to the LLP. At the year end the balance was £203,134 (2020: £201,629). |
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At the year end, the Company owed the directors £1,950,233 (2020: £1,980,052). |