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REGISTERED NUMBER: 01150478 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ELAND ESTATES LIMITED

ELAND ESTATES LIMITED (REGISTERED NUMBER: 01150478)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ELAND ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: S V Robbens
Mrs A L M Thursby
A V I Robbens





SECRETARY: A V I Robbens





REGISTERED OFFICE: Eland Estates Limited
2 The Shambles
Sevenoaks
Kent
TN13 1LJ





REGISTERED NUMBER: 01150478 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

ELAND ESTATES LIMITED (REGISTERED NUMBER: 01150478)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,048 694
Investment property 5 4,970,000 5,186,307
4,971,048 5,187,001

CURRENT ASSETS
Debtors 6 34,515 27,682
Cash at bank 101,996 74,457
136,511 102,139
CREDITORS
Amounts falling due within one year 7 (159,878 ) (164,775 )
NET CURRENT LIABILITIES (23,367 ) (62,636 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,947,681

5,124,365

CREDITORS
Amounts falling due after more than one
year

8

(1,612,500

)

(1,612,500

)

PROVISIONS FOR LIABILITIES (312,819 ) (366,756 )
NET ASSETS 3,022,362 3,145,109

CAPITAL AND RESERVES
Called up share capital 15,006 15,006
Share premium 58,437 58,437
Revaluation reserve 11 1,956,752 1,956,752
Capital redemption reserve 601 601
Retained earnings 991,566 1,114,313
3,022,362 3,145,109

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

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

ELAND ESTATES LIMITED (REGISTERED NUMBER: 01150478)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 17 December 2024 and were signed on its behalf by:





S V Robbens - Director


ELAND ESTATES LIMITED (REGISTERED NUMBER: 01150478)

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

1. STATUTORY INFORMATION

Eland 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 as modified by the revaluation of certain assets.

Revenue
Revenue represents the net invoiced value of rents receivable excluding value added tax adjusted for amounts received in advance.

Tangible fixed assets
Tangible fixed assets are measured under the cost model and stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases:

Freehold property - 15% reducing balance
Motor vehicles - 25% reducing balance
Fixtures & fittings - 20% straight line
Computer equipment - 33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

Investment property
Investment property is carried at fair value determined annually by the directors. External valuations are undertaken at the discretion of the directors to support their fair value assessment of the investment property.The valuation in the year to 31 October 2024 has been obtained from the directors. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ELAND ESTATES LIMITED (REGISTERED NUMBER: 01150478)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 345 3,900 3,000 7,245
Additions 270 - 1,115 1,385
At 31 October 2024 615 3,900 4,115 8,630
DEPRECIATION
At 1 November 2023 345 3,809 2,397 6,551
Charge for year 54 23 954 1,031
At 31 October 2024 399 3,832 3,351 7,582
NET BOOK VALUE
At 31 October 2024 216 68 764 1,048
At 31 October 2023 - 91 603 694

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 5,186,307
Revaluations (216,307 )
At 31 October 2024 4,970,000
NET BOOK VALUE
At 31 October 2024 4,970,000
At 31 October 2023 5,186,307

Investment property comprises freehold commercial and residential property. The fair value of the investment properties has been updated by the directors as at 31 October 2024.

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2019 2,682,525
Valuation in 2024 (216,307 )
Cost 2,503,782
4,970,000

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

2024 2023
£    £   
Cost 2,503,782 2,503,782

ELAND ESTATES LIMITED (REGISTERED NUMBER: 01150478)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,295 22,347
Other debtors 5,220 5,335
34,515 27,682

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 44,500 44,500
Trade creditors 4,163 352
Taxation and social security 21,832 33,564
Other creditors 89,383 86,359
159,878 164,775

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 1,612,500 1,612,500

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 44,500 44,500

Amounts falling due between one and two years:
Bank loans - 1-2 years 44,500 44,500

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,568,000 1,568,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,657,000 1,657,000

The bank loans are secured by fixed charges over specific investment property assets of the company.

11. RESERVES
Revaluation
reserve
£   
At 1 November 2023
and 31 October 2024 1,956,752