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REGISTERED NUMBER: 07274656 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ELSANTE ESTATES GROUP LIMITED

ELSANTE ESTATES GROUP LIMITED (REGISTERED NUMBER: 07274656)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELSANTE ESTATES GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: G A Taylor
Mrs A Hobson





REGISTERED OFFICE: Caroline House
Providence Place
Skipton
North Yorkshire
BD23 1FB





REGISTERED NUMBER: 07274656 (England and Wales)





ACCOUNTANTS: J S White & Co Limited
25-29 Sandy Way
Yeadon
Leeds
LS19 7EW

ELSANTE ESTATES GROUP LIMITED (REGISTERED NUMBER: 07274656)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,132,758 14,132,844
Investments 5 100 100
14,132,858 14,132,944

CURRENT ASSETS
Debtors 6 1,076,564 1,094,415
Cash at bank and in hand 76,476 21,236
1,153,040 1,115,651
CREDITORS
Amounts falling due within one year 7 3,102,133 3,505,986
NET CURRENT LIABILITIES (1,949,093 ) (2,390,335 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,183,765

11,742,609

CREDITORS
Amounts falling due after more than one
year

8

5,481,000

5,341,000
NET ASSETS 6,702,765 6,401,609

CAPITAL AND RESERVES
Called up share capital 810 810
Share premium 586,894 586,894
Revaluation reserve 9 5,199,326 5,199,326
Retained earnings 915,735 614,579
SHAREHOLDERS' FUNDS 6,702,765 6,401,609

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

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

ELSANTE ESTATES GROUP LIMITED (REGISTERED NUMBER: 07274656)

BALANCE SHEET - continued
30 APRIL 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 20 January 2025 and were signed on its behalf by:




G A Taylor - Director



Mrs A Hobson - Director


ELSANTE ESTATES GROUP LIMITED (REGISTERED NUMBER: 07274656)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Property portfolio
The company comprises a large number of rental properties. The directors have revalued the properties to current market value. The properties will be valued at current valuation each year and any increase or deficit in valuation will be taken to the revaluation reserve.

ELSANTE ESTATES GROUP LIMITED (REGISTERED NUMBER: 07274656)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 14,132,500 357 14,132,857
DEPRECIATION
At 1 May 2023 - 13 13
Charge for year - 86 86
At 30 April 2024 - 99 99
NET BOOK VALUE
At 30 April 2024 14,132,500 258 14,132,758
At 30 April 2023 14,132,500 344 14,132,844

Cost or valuation at 30 April 2024 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2021 2,730,533 - 2,730,533
Valuation in 2022 (104,761 ) - (104,761 )
Valuation in 2023 1,786,000 - 1,786,000
Cost 9,720,728 357 9,721,085
14,132,500 357 14,132,857

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 100
NET BOOK VALUE
At 30 April 2024 100
At 30 April 2023 100

ELSANTE ESTATES GROUP LIMITED (REGISTERED NUMBER: 07274656)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,836 99,938
Other debtors 1,013,728 994,477
1,076,564 1,094,415

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 140,000
Trade creditors 56,086 107,230
Tax 167,945 83,472
Social security and other taxes 699 -
VAT 8,122 9,176
Other creditors 23,927 22,739
Payroll control 1,000 -
Directors' current accounts 2,790,778 3,068,324
Accrued expenses 53,576 75,045
3,102,133 3,505,986

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 5,481,000 5,341,000

9. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 5,199,326