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REGISTERED NUMBER: 11972089 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

ELLIOT JONES PROPERTY INVESTMENTS
LIMITED

ELLIOT JONES PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 11972089)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELLIOT JONES PROPERTY INVESTMENTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: E L Jones





REGISTERED OFFICE: 51 Bowham Avenue
Bridgend
Mid Glamorgan
CF31 3PA





REGISTERED NUMBER: 11972089 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
Glamorgan
CF31 3SH

ELLIOT JONES PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 11972089)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 726,179 620,000

CURRENT ASSETS
Cash at bank and in hand 6,128 27,699

CREDITORS
Amounts falling due within one year 5 900 900
NET CURRENT ASSETS 5,228 26,799
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,407

646,799

CREDITORS
Amounts falling due after more than one year 6 (465,455 ) (417,991 )

PROVISIONS FOR LIABILITIES (52,494 ) (44,894 )
NET ASSETS 213,458 183,914

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 213,457 183,913
213,458 183,914

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

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

ELLIOT JONES PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 11972089)

BALANCE SHEET - continued
31 MAY 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 1 November 2024 and were signed by:





E L Jones - Director


ELLIOT JONES PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 11972089)

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


1. STATUTORY INFORMATION

Elliot Jones Property Investments 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.

The financial statements have been prepared on the going concern basis which assumes the continuing support of the company's director, bankers and other creditors. The director believes this support will continue and is satisfied that the company is a going concern.

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

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 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 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.

3. EMPLOYEES AND DIRECTORS

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

ELLIOT JONES PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 11972089)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 620,000
Additions 66,179
Revaluations 40,000
At 31 May 2024 726,179
NET BOOK VALUE
At 31 May 2024 726,179
At 31 May 2023 620,000

The director has undertaken their own valuation of the investment properties at the year end and is satisfied the value in the financial statements is the fair value.

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2022 150,667
Valuation in 2023 85,618
Valuation in 2024 40,000
Cost 449,894
726,179

If investment properties had not been revalued they would have been included at the following historical cost:

31/5/24 31/5/23
£    £   
Cost 449,894 383,715

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Other creditors 900 900

ELLIOT JONES PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 11972089)

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


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans 421,632 374,168
Other creditors 43,823 43,823
465,455 417,991

7. RESERVES
Retained
earnings
£   

At 1 June 2023 183,914
Profit for the year 29,543
At 31 May 2024 213,457

Within the retained earnings, £223,791 ( 2023: £191,391) is non-distributable reserves in relation to the revaluation gain net of deferred tax on the investment property.