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REGISTERED NUMBER: 02315582 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

Elstream Management Limited

Elstream Management Limited (Registered number: 02315582)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Elstream Management Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







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 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,238 4,048
Investments 5 2 2
Investment property 6 1,835,000 1,815,000
1,838,240 1,819,050

CURRENT ASSETS
Debtors 7 12,437 8,797
Cash at bank 835,311 891,719
847,748 900,516
CREDITORS
Amounts falling due within one year 8 258,191 214,485
NET CURRENT ASSETS 589,557 686,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,427,797

2,505,081

CAPITAL AND RESERVES
Called up share capital 41,664 41,664
Share premium 12,400 12,400
Fair value reserve 9 (343,624 ) (363,624 )
Capital redemption reserve 22,880 22,880
Retained earnings 2,694,477 2,791,761
SHAREHOLDERS' FUNDS 2,427,797 2,505,081

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

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

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 2024 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 2024

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 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2023
and 31 March 2024 16,647
DEPRECIATION
At 1 April 2023 12,599
Charge for year 810
At 31 March 2024 13,409
NET BOOK VALUE
At 31 March 2024 3,238
At 31 March 2023 4,048

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 2
NET BOOK VALUE
At 31 March 2024 2
At 31 March 2023 2

Elstream Management Limited (Registered number: 02315582)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,815,000
Revaluations 20,000
At 31 March 2024 1,835,000
NET BOOK VALUE
At 31 March 2024 1,835,000
At 31 March 2023 1,815,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 196,035
Valuation in 2019 (332,462 )
Valuation in 2020 (241,688 )
Valuation in 2021 14,491
Valuation in 2024 20,000
Cost 2,178,624
1,835,000

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

31.3.24 31.3.23
£    £   
Cost 2,178,624 2,178,624

The investment property was valued on an open market basis on 31 March 2024 by R Masters, a director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,333 3,159
Other debtors 6,104 5,638
12,437 8,797

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 932
Amounts owed to group undertakings 151,766 151,766
Taxation and social security 40,582 6,053
Other creditors 65,843 55,734
258,191 214,485

Elstream Management Limited (Registered number: 02315582)

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

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 (363,624 )
Fair value adjustment 20,000

At 31 March 2024 (343,624 )