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REGISTERED NUMBER: 08506573 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD

31 DECEMBER 2022 TO 29 DECEMBER 2023

FOR

ELYAR PROPERTIES LIMITED

ELYAR PROPERTIES LIMITED (REGISTERED NUMBER: 08506573)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Accountants' Report 6

ELYAR PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023







DIRECTOR: L C Freilich





SECRETARY: B Grossman





REGISTERED OFFICE: 5 Sentinel Square
Hendon
London
NW4 2EL





REGISTERED NUMBER: 08506573 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW

ELYAR PROPERTIES LIMITED (REGISTERED NUMBER: 08506573)

STATEMENT OF FINANCIAL POSITION
29 DECEMBER 2023

29.12.23 30.12.22
Notes £    £   
FIXED ASSETS
Investment property 4 48,250 48,250

CURRENT ASSETS
Debtors 5 69,034 58,324
Cash in hand 2 2
69,036 58,326
CREDITORS
Amounts falling due within one year 6 (54,107 ) (51,567 )
NET CURRENT ASSETS 14,929 6,759
TOTAL ASSETS LESS CURRENT LIABILITIES 63,179 55,009

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 63,177 55,007
SHAREHOLDERS' FUNDS 63,179 55,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 December 2023 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 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 director and authorised for issue on 23 September 2024 and were signed by:




L C Freilich - Director


ELYAR PROPERTIES LIMITED (REGISTERED NUMBER: 08506573)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


1. STATUTORY INFORMATION

Elyar 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.

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 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.

The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest pound.

Turnover
Turnover represents invoiced ground rents and other sources of income on investment properties and insurance commissions received.

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 period 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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event. It is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

ELYAR PROPERTIES LIMITED (REGISTERED NUMBER: 08506573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 December 2022
and 29 December 2023 48,250
NET BOOK VALUE
At 29 December 2023 48,250
At 30 December 2022 48,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 30.12.22
£    £   
Trade debtors 125 -
Other debtors 68,909 58,324
69,034 58,324

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 30.12.22
£    £   
Taxation and social security 12,057 9,517
Other creditors 42,050 42,050
54,107 51,567

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.12.23 30.12.22
value: £    £   
2 Ordinary 1 2 2

8. RESERVES
Retained
earnings
£   

At 31 December 2022 55,007
Profit for the period 8,170
At 29 December 2023 63,177

9. RELATED PARTY DISCLOSURES

ELYAR PROPERTIES LIMITED (REGISTERED NUMBER: 08506573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


9. RELATED PARTY DISCLOSURES - continued

S Freilich
A close family member


29.12.23 30.12.22
£    £   
Amount due to related party at the balance sheet date 20,450 20,450

MP Group Services Limited

A company under common control


29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 58,249 58,249

10. ULTIMATE PARENT COMPANY

The Moreland Property Group is regarded by the director as being the ultimate parent company.

ULTIMATE CONTROLLING PARTY

The director considers the ultimate controlling party of the company to be the board of the Moreland Property Group Limited.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ELYAR PROPERTIES LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Elyar Properties Limited for the period ended 29 December 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Elyar Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Elyar Properties Limited and state those matters that we have agreed to state to the director of Elyar Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elyar Properties Limited and its director for our work or for this report.

It is your duty to ensure that Elyar Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Elyar Properties Limited. You consider that Elyar Properties Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Elyar Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW


23 September 2024