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REGISTERED NUMBER: 03035292 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ELDERGRANGE LIMITED

ELDERGRANGE LIMITED (REGISTERED NUMBER: 03035292)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELDERGRANGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr S A Hall





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 03035292 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

ELDERGRANGE LIMITED (REGISTERED NUMBER: 03035292)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 3,729,966 4,479,966
3,729,966 4,479,966

CURRENT ASSETS
Stocks 68,526 7,256
Debtors 6 1,284,584 308,525
Cash at bank 26,099 555,187
1,379,209 870,968
CREDITORS
Amounts falling due within one year 7 413,429 439,273
NET CURRENT ASSETS 965,780 431,695
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,695,746

4,911,661

CREDITORS
Amounts falling due after more than one
year

8

(2,941,258

)

(2,940,000

)

PROVISIONS FOR LIABILITIES 10 (219,909 ) (219,909 )
NET ASSETS 1,534,579 1,751,752

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 1,534,577 1,751,750
SHAREHOLDERS' FUNDS 1,534,579 1,751,752

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 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.

ELDERGRANGE LIMITED (REGISTERED NUMBER: 03035292)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 October 2024 and were signed by:





Mr S A Hall - Director


ELDERGRANGE LIMITED (REGISTERED NUMBER: 03035292)

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


1. STATUTORY INFORMATION

Eldergrange 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 amounts receivable for property sales,fees and joint arrangements

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 25% straight line

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.

Stocks and work in progress
Stock and work in progress represents development costs and are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

ELDERGRANGE LIMITED (REGISTERED NUMBER: 03035292)

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


2. ACCOUNTING POLICIES - continued

Government grants
Government grants represents income received in the form of small business grant fund (SBGF) from the Government during the COVID-19 pandemic. The Government Grant also represents the first year of interest for the company on the Bounce Back Loan (BBL) received during the year.

The grants are recognised on the accruals basis in the same period as the expenditure that it is expected to compensate for.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
£   
COST
At 1 April 2023
and 31 March 2024 27,885
DEPRECIATION
At 1 April 2023
and 31 March 2024 27,885
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 4,479,966
Disposals (750,000 )
At 31 March 2024 3,729,966
NET BOOK VALUE
At 31 March 2024 3,729,966
At 31 March 2023 4,479,966

ELDERGRANGE LIMITED (REGISTERED NUMBER: 03035292)

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


5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2014 1,629,393
Valuation in 2017 (885,302 )
Valuation in 2020 (114,418 )
Cost 3,100,293
3,729,966

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 17,500 17,500
Amount owed by related companies 1,184,736 291,025
Director current account 82,348 -
1,284,584 308,525

Amounts owed by related companies:
20242023
£   £   

Jobbawoc Holdings Ltd434,736291,025
Eldergrange Investments Ltd750,000-

Total 20241,184,736291,025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 9) 26,429 37,563
Other creditors 375,000 375,000
Director current account - 407
Accrued expenses 12,000 26,303
413,429 439,273

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 2,941,258 2,940,000

ELDERGRANGE LIMITED (REGISTERED NUMBER: 03035292)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans over 5 years 2,941,258 2,940,000



The bank loan is secured by a debenture over the company assets, and a first charge over the investment properties. The interest on the loan is charged at a variable rate of interest.

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 26,429 37,563

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans over 5 years 2,941,258 2,940,000

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 219,909 219,909

Deferred
tax
£   
Balance at 1 April 2023 219,909
Balance at 31 March 2024 219,909

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2