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Company Registration No. 12258572 (England and Wales)
ELSTON GROUP LIMITED Unaudited accounts for the year ended 31 May 2024
ELSTON GROUP LIMITED Unaudited accounts Contents
Page
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ELSTON GROUP LIMITED Company Information for the year ended 31 May 2024
Director
Mr J Elston
Company Number
12258572 (England and Wales)
Registered Office
ADMIRAL HOUSE 100 THORNES LANE WAKEFIELD WF2 7QX ENGLAND
Accountants
TGKS Accountancy Limited 44 Potternewton Mount Leeds West Yorkshire LS7 2DR
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ELSTON GROUP LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,452 
1,815 
Investment property
650,000 
260,682 
651,452 
262,497 
Current assets
Debtors
1,377 
1,376 
Cash at bank and in hand
1,540 
4,078 
2,917 
5,454 
Creditors: amounts falling due within one year
(50,848)
(45,270)
Net current liabilities
(47,931)
(39,816)
Total assets less current liabilities
603,521 
222,681 
Creditors: amounts falling due after more than one year
(85,370)
(99,788)
Provisions for liabilities
Deferred tax
(97,329)
- 
Net assets
420,822 
122,893 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
420,622 
122,693 
Shareholders' funds
420,822 
122,893 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 January 2025 and were signed on its behalf by
Mr J Elston Director Company Registration No. 12258572
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ELSTON GROUP LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
ELSTON GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12258572. The registered office is ADMIRAL HOUSE 100, THORNES LANE, WAKEFIELD, WF2 7QX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Fixtures & fittings
20% reducing balance
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ELSTON GROUP LIMITED Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
3,473 
At 31 May 2024
3,473 
Depreciation
At 1 June 2023
1,658 
Charge for the year
363 
At 31 May 2024
2,021 
Net book value
At 31 May 2024
1,452 
At 31 May 2023
1,815 
5
Investment property
2024 
£ 
Fair value at 1 June 2023
260,682 
Net gain from fair value adjustments
389,318 
At 31 May 2024
650,000 
The property was independently valued in April 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,377 
1,376 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
18,738 
16,933 
Amounts owed to group undertakings and other participating interests
22,115 
15,859 
Taxes and social security
6,076 
12,478 
Other creditors
3,919 
- 
50,848 
45,270 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
85,370 
99,788 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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