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REGISTERED NUMBER: 00957055 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Ellward Estates Limited

Ellward Estates Limited (Registered number: 00957055)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ellward Estates Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: H J Michaels





REGISTERED OFFICE: 73 Eastbury Road
Northwood
Middlesex
HA6 3AP





REGISTERED NUMBER: 00957055 (England and Wales)






Ellward Estates Limited (Registered number: 00957055)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,148,272 1,162,747
Investments 5 14,356 14,356
1,162,628 1,177,103

CURRENT ASSETS
Debtors 6 645,241 586,895
Cash at bank 4,098 65,500
649,339 652,395
CREDITORS
Amounts falling due within one year 7 129,446 129,446
NET CURRENT ASSETS 519,893 522,949
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,682,521

1,700,052

CREDITORS
Amounts falling due after more than one
year

8

1,130,846

1,138,343
NET ASSETS 551,675 561,709

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 704,750 704,750
Retained earnings (153,175 ) (143,141 )
SHAREHOLDERS' FUNDS 551,675 561,709

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

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

Ellward Estates Limited (Registered number: 00957055)

Statement of Financial Position - continued
31 December 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





H J Michaels - Director


Ellward Estates Limited (Registered number: 00957055)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Ellward Estates 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

Basis of exemption to not prepare group accounts
The financial statements present the information about the company as an individual undertaking and not about its group undertaking, in accordance to the small companies exemption under CA 1985 section 249.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Ellward Estates Limited (Registered number: 00957055)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1,444,300 22,090 1,466,390
DEPRECIATION
At 1 January 2023 281,683 21,960 303,643
Charge for year 14,443 32 14,475
At 31 December 2023 296,126 21,992 318,118
NET BOOK VALUE
At 31 December 2023 1,148,174 98 1,148,272
At 31 December 2022 1,162,617 130 1,162,747

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 14,356
NET BOOK VALUE
At 31 December 2023 14,356
At 31 December 2022 14,356

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 645,241 586,895

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 129,446 129,446

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 667,169 667,169
Amounts owed by group undertaking 463,677 471,174
1,130,846 1,138,343

Ellward Estates Limited (Registered number: 00957055)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Mrs S. F. Michaels 112,522 112,522
Bank loan 667,169 667,169
779,691 779,691

These loans are secured by way of legal charge of the freehold property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 704,750

12. ULTIMATE CONTROLLING PARTY

As at the balance sheet date the company is under the joint control of its shareholders, Mr H. Michaels (Company Director), Mr G. Michaels (Company Secretary), Mr J. Michaels and Mrs S.Peterson.

13. GOING CONCERN

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.