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REGISTERED NUMBER: 11455504 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

ELIZABETH MAGGIE PROPERTIES LIMITED

ELIZABETH MAGGIE PROPERTIES LIMITED (REGISTERED NUMBER: 11455504)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELIZABETH MAGGIE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Miss J Dron
I McBain





REGISTERED OFFICE: 881 London Road
Westcliff on Sea
SS0 9SZ





REGISTERED NUMBER: 11455504 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

ELIZABETH MAGGIE PROPERTIES LIMITED (REGISTERED NUMBER: 11455504)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,750 1,750
Investment property 5 245,000 245,000
246,750 246,750

CURRENT ASSETS
Debtors 6 487 340
Cash at bank 1,651 5,422
2,138 5,762
CREDITORS
Amounts falling due within one year 7 962 1,680
NET CURRENT ASSETS 1,176 4,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,926

250,832

CREDITORS
Amounts falling due after more than one
year

8

(190,610

)

(199,202

)

PROVISIONS FOR LIABILITIES (10,683 ) (10,683 )
NET ASSETS 46,633 40,947

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 45,542 45,542
Retained earnings 1,089 (4,597 )
SHAREHOLDERS' FUNDS 46,633 40,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

ELIZABETH MAGGIE PROPERTIES LIMITED (REGISTERED NUMBER: 11455504)

BALANCE SHEET - continued
31 JULY 2024


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 5 September 2024 and were signed on its behalf by:




Miss J Dron - Director



I McBain - Director


ELIZABETH MAGGIE PROPERTIES LIMITED (REGISTERED NUMBER: 11455504)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Elizabeth Maggie Properties 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ELIZABETH MAGGIE PROPERTIES LIMITED (REGISTERED NUMBER: 11455504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 August 2023
and 31 July 2024 1,750
NET BOOK VALUE
At 31 July 2024 1,750
At 31 July 2023 1,750

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 245,000
NET BOOK VALUE
At 31 July 2024 245,000
At 31 July 2023 245,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2020 21,225
Valuation in 2021 10,000
Valuation in 2022 25,000
Cost 188,775
245,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 487 340

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 302 -
Other creditors - 1,050
Accrued expenses 660 630
962 1,680

ELIZABETH MAGGIE PROPERTIES LIMITED (REGISTERED NUMBER: 11455504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 1,616 2,332
Bank loans more 5 yrs non-inst 175,950 175,950
Directors' loan accounts 13,044 20,920
190,610 199,202

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 175,950 175,950

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 177,566 178,282

The mortgage loans are secured on the properties to which they relate.

10. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 45,542