IRIS Accounts Production v24.3.2.46 11567343 director 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115673432023-02-28115673432024-02-29115673432023-03-012024-02-29115673432022-02-28115673432022-03-012023-02-28115673432023-02-2811567343ns15:EnglandWales2023-03-012024-02-2911567343ns14:PoundSterling2023-03-012024-02-2911567343ns10:Director12023-03-012024-02-2911567343ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2911567343ns10:SmallEntities2023-03-012024-02-2911567343ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2911567343ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2911567343ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2911567343ns10:FullAccounts2023-03-012024-02-2911567343ns10:OrdinaryShareClass12023-03-012024-02-2911567343ns10:RegisteredOffice2023-03-012024-02-2911567343ns5:CurrentFinancialInstruments2024-02-2911567343ns5:CurrentFinancialInstruments2023-02-2811567343ns5:ShareCapital2024-02-2911567343ns5:ShareCapital2023-02-2811567343ns5:RetainedEarningsAccumulatedLosses2024-02-2911567343ns5:RetainedEarningsAccumulatedLosses2023-02-2811567343ns5:MotorVehicles2023-02-2811567343ns5:ComputerEquipment2023-02-2811567343ns5:MotorVehicles2023-03-012024-02-2911567343ns5:ComputerEquipment2023-03-012024-02-2911567343ns5:MotorVehicles2024-02-2911567343ns5:ComputerEquipment2024-02-2911567343ns5:MotorVehicles2023-02-2811567343ns5:ComputerEquipment2023-02-2811567343ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2911567343ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2811567343ns10:OrdinaryShareClass12024-02-2911567343ns5:RetainedEarningsAccumulatedLosses2023-02-2811567343ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29
REGISTERED NUMBER: 11567343 (England and Wales)















Elstree Land Ltd

Unaudited Financial Statements

for the Year Ended 29 February 2024






Elstree Land Ltd (Registered number: 11567343)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Elstree Land Ltd

Company Information
for the year ended 29 February 2024







Director: D J Bradbury





Registered office: 7 Grena Gardens
Richmond
Surrey
TW9 1XP





Registered number: 11567343 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Elstree Land Ltd (Registered number: 11567343)

Balance Sheet
29 February 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 2,956 29,980

Current assets
Stocks 4,673,847 112,772
Debtors 5 2,244 847,115
Cash at bank 87,747 789,612
4,763,838 1,749,499
Creditors
Amounts falling due within one year 6 3,641,719 248,337
Net current assets 1,122,119 1,501,162
Total assets less current liabilities 1,125,075 1,531,142

Capital and reserves
Called up share capital 9 1 1
Retained earnings 10 1,125,074 1,531,141
Shareholders' funds 1,125,075 1,531,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 29 January 2025 and were signed by:





D J Bradbury - Director


Elstree Land Ltd (Registered number: 11567343)

Notes to the Financial Statements
for the year ended 29 February 2024


1. Statutory information

Elstree Land Ltd 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.

Going concern
These financial statements have been prepared on a going concern basis and they do not include any adjustments which may be necessary should the going concern basis of accounting no longer be appropriate..

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land held
Stock of land held includes the cost of the acquisition of land and associated costs to acquire and develop the land. Each land is reviewed independently and valued at the lower of the acquisition and associated costs, or net realisable value.

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.

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.

Borrowings
Interest bearing loans are recorded at cost plus accrued interest, inclusive of any minimum interest periods.

Interest and finance costs are recognised on the basis of the effective interest method and where directly
attributable to the acquisition and/or development of land held, are recognised as part of the associated costs of Land held.

Borrowings are classified in accordance with the term of repayment of the loan agreement. Where loans are
attributable directly to Land held, borrowings will be classified as current liabilities.

Interest income
Interest income are from loans provided and classified as other income.

3. Employees and directors

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

Elstree Land Ltd (Registered number: 11567343)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


4. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£ £ £
Cost
At 1 March 2023 37,047 3,819 40,866
Additions - 1,747 1,747
Disposals (37,047 ) - (37,047 )
At 29 February 2024 - 5,566 5,566
Depreciation
At 1 March 2023 9,262 1,624 10,886
Charge for year - 986 986
Eliminated on disposal (9,262 ) - (9,262 )
At 29 February 2024 - 2,610 2,610
Net book value
At 29 February 2024 - 2,956 2,956
At 28 February 2023 27,785 2,195 29,980

5. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 2,244 847,115

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 113,570 -
Taxation and social security 109,259 244,337
Other creditors 3,418,890 4,000
3,641,719 248,337

7. Loans

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Other loans 2,967,001 -

8. Secured debts

Included within Other creditors are loans of £2,400,000 and £567,000. Both of these loans are secured by way of a fixed and floating charge over the company's freehold stock. The £2.4m loan was repaid on completion of the the sale of the property in April 2024. Interest is charged at 13.89% per annum, with a minimum charge of £500,000. The second loan for £567,000 is repayable by 5 January 2025, interest is charged on this loan at 1.1% per month.

Elstree Land Ltd (Registered number: 11567343)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

10. Reserves
Retained
earnings
£

At 1 March 2023 1,531,141
Deficit for the year (371,067 )
Dividends (35,000 )
At 29 February 2024 1,125,074