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REGISTERED NUMBER: 02315582 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

Elstream Management Limited

Elstream Management Limited (Registered number: 02315582)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Elstream Management Limited

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: R Masters
A R Masters
O R Masters
A E Masters





REGISTERED OFFICE: Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP





REGISTERED NUMBER: 02315582 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP

Elstream Management Limited (Registered number: 02315582)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,048 3,059
Investments 5 2 2
Investment property 6 1,815,000 1,815,000
1,819,050 1,818,061

CURRENT ASSETS
Debtors 7 8,797 14,185
Cash at bank 891,719 898,906
900,516 913,091
CREDITORS
Amounts falling due within one year 8 214,485 188,605
NET CURRENT ASSETS 686,031 724,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,505,081

2,542,547

CAPITAL AND RESERVES
Called up share capital 41,664 41,574
Share premium 12,400 12,400
Fair value reserve 9 (363,624 ) (363,624 )
Capital redemption reserve 22,880 22,880
Retained earnings 2,791,761 2,829,317
SHAREHOLDERS' FUNDS 2,505,081 2,542,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





R Masters - Director


Elstream Management Limited (Registered number: 02315582)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Elstream Management Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents rental income net of value added tax and is recognised according to the terms of leases.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on reducing balance

Investment property
No depreciation is provided in respect of investment property the value of which, in the opinion of the directors, is considered to be substantially in excess of cost.

Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2022 14,646
Additions 2,001
At 31 March 2023 16,647
DEPRECIATION
At 1 April 2022 11,587
Charge for year 1,012
At 31 March 2023 12,599
NET BOOK VALUE
At 31 March 2023 4,048
At 31 March 2022 3,059

Elstream Management Limited (Registered number: 02315582)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 2
NET BOOK VALUE
At 31 March 2023 2
At 31 March 2022 2

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,815,000
NET BOOK VALUE
At 31 March 2023 1,815,000
At 31 March 2022 1,815,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2017 196,035
Valuation in 2019 (332,462 )
Valuation in 2020 (241,688 )
Valuation in 2021 14,491
Cost 2,178,624
1,815,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 2,178,624 2,178,624

The investment property was valued on an open market basis on 31 March 2021 by R Masters, a director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 3,159 4,121
Other debtors 5,638 10,064
8,797 14,185

Elstream Management Limited (Registered number: 02315582)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 932 324
Amounts owed to group undertakings 151,766 125,414
Taxation and social security 6,053 887
Other creditors 55,734 61,980
214,485 188,605

9. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 (363,624 )