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REGISTERED NUMBER: 14120422 (England and Wales)















EL&DP PROPERTIES LTD

Unaudited Financial Statements for the Year Ended 31 May 2024






EL&DP PROPERTIES LTD (REGISTERED NUMBER: 14120422)

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

Chartered Accountants' Report 6

EL&DP PROPERTIES LTD

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Daniel Pugh
Eva Leigh





REGISTERED OFFICE: 26 Clive Road
Pattingham
Wolverhampton
West Midlands
WV6 7BY





REGISTERED NUMBER: 14120422 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

EL&DP PROPERTIES LTD (REGISTERED NUMBER: 14120422)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 198,190 198,190

CURRENT ASSETS
Debtors 5 200 986
Cash at bank 5,205 1,754
5,405 2,740
CREDITORS
Amounts falling due within one year 6 62,588 62,568
NET CURRENT LIABILITIES (57,183 ) (59,828 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,007

138,362

CREDITORS
Amounts falling due after more than one
year

7

142,480

142,480
NET LIABILITIES (1,473 ) (4,118 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (1,475 ) (4,120 )
(1,473 ) (4,118 )

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 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.

EL&DP PROPERTIES LTD (REGISTERED NUMBER: 14120422)

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 Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Daniel Pugh - Director


EL&DP PROPERTIES LTD (REGISTERED NUMBER: 14120422)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

EL&DP Properties 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.

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 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 198,190
NET BOOK VALUE
At 31 May 2024 198,190
At 31 May 2023 198,190

EL&DP PROPERTIES LTD (REGISTERED NUMBER: 14120422)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 786 786
Other debtors (586 ) 200
200 986

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Directors' current accounts 62,208 62,208
Accruals and deferred income 380 360
62,588 62,568

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans more 5 yr by instal 142,480 142,480

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 142,480 142,480

8. GOING CONCERN

The directors are prepared to fully support the company and their loan will not be withdrawn to the detriment of other creditors. The directors therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
EL&DP Properties LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of EL&DP Properties LTD for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of EL&DP Properties LTD, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of EL&DP Properties LTD and state those matters that we have agreed to state to the Board of Directors of EL&DP Properties LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EL&DP Properties LTD and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that EL&DP Properties LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of EL&DP Properties LTD. You consider that EL&DP Properties LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of EL&DP Properties LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


30 January 2025