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REGISTERED NUMBER: 03380451 (England and Wales)















Financial Statements

for the Year Ended 30 September 2024

for

Elmvine Properties Limited

Elmvine Properties Limited (Registered number: 03380451)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Elmvine Properties Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: R V Cattaneo





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 03380451 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Elmvine Properties Limited (Registered number: 03380451)

Statement of Financial Position
30 September 2024

30/9/24 30/9/23
Notes £    £   
FIXED ASSETS
Investment property 5 850,000 850,000

CURRENT ASSETS
Debtors 6 9,488 7,763
Cash at bank 139,850 100,694
149,338 108,457
CREDITORS
Amounts falling due within one year 7 (37,474 ) (33,839 )
NET CURRENT ASSETS 111,864 74,618
TOTAL ASSETS LESS CURRENT
LIABILITIES

961,864

924,618

PROVISIONS FOR LIABILITIES (34,204 ) (34,204 )
NET ASSETS 927,660 890,414

CAPITAL AND RESERVES
Called up share capital 668 668
Share premium 8 168,833 168,833
Capital redemption reserve 8 332 332
Fair value reserve 8 380,398 380,398
Retained earnings 8 377,429 340,183
SHAREHOLDERS' FUNDS 927,660 890,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Elmvine Properties Limited (Registered number: 03380451)

Statement of Financial Position - continued
30 September 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 director and authorised for issue on 22 October 2024 and were signed by:





R V Cattaneo - Director


Elmvine Properties Limited (Registered number: 03380451)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Elmvine 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis except for the modification to a fair value basis for its investment property as specified in the accounting policies below.

Turnover and rent receivable
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income from investment properties leased out under operating leases is recognised in the profit and loss account on an accruals basis over the term of the lease. The effect of rent reviews is only recognised when such reviews have been agreed with the tenants.

Investment property
Investment properties are initially measured at cost and subsequently measured at fair value whilst a reliable measure of fair value is available without undue cost or effort. Changes in fair value are 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 statement of financial position date.

For investment properties measured at fair value deferred tax is measured using the tax rates and allowances that will apply on the eventual sale of the property.

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.

Elmvine Properties Limited (Registered number: 03380451)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 October 2023
and 30 September 2024 850,000
Net book value
At 30 September 2024 850,000
At 30 September 2023 850,000

The investment property was valued an fair value basis at the year end date by the company's director. If there had been no fair value adjustment to the investment property, it would have been shown at its original cost price of £435,398.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 8,312 7,763
Other debtors 1,176 -
9,488 7,763

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Taxation and social security 12,153 9,203
Other creditors 25,321 24,636
37,474 33,839

Elmvine Properties Limited (Registered number: 03380451)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. RESERVES
Capital Fair
Retained Share redemption value
earnings premium reserve reserve Totals
£    £    £    £    £   

At 1 October 2023 340,183 168,833 332 380,398 889,746
Profit for the year 37,246 37,246
At 30 September 2024 377,429 168,833 332 380,398 926,992

Reserves of the company represent the following:

Retained earnings:
Cumulative profit and loss net of distributions to owners.

Fair value reserve:
Cumulative net revaluation gains on the company's investment property.

Share premium:
Cumulative additional amounts paid by shareholders paid for their issued shares in excess of the par value of those shares

Capital redemption reserve:
A statutory, non-distributable reserve transferred following the purchase of shares by the company.