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REGISTERED NUMBER: 08495735 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ELLIOT HOUSE APARTMENTS LIMITED

ELLIOT HOUSE APARTMENTS LIMITED (REGISTERED NUMBER: 08495735)

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


ELLIOT HOUSE APARTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr G Artimadis
Miss G Ktori





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 08495735 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

ELLIOT HOUSE APARTMENTS LIMITED (REGISTERED NUMBER: 08495735)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 400,687 330,812
Investment property 5 410,266 410,266
810,953 741,078

CURRENT ASSETS
Debtors 6 18,003 18,840
Cash at bank and in hand 16,988 14,663
34,991 33,503
CREDITORS
Amounts falling due within one year 7 135,787 71,907
NET CURRENT LIABILITIES (100,796 ) (38,404 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

710,157

702,674

CREDITORS
Amounts falling due after more than one
year

8

(602,073

)

(610,790

)

PROVISIONS FOR LIABILITIES 10 (1,748 ) (1,748 )
NET ASSETS 106,336 90,136

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 24,685 24,685
Retained earnings 81,551 65,351
SHAREHOLDERS' FUNDS 106,336 90,136

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.

ELLIOT HOUSE APARTMENTS LIMITED (REGISTERED NUMBER: 08495735)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





Miss G Ktori - Director


ELLIOT HOUSE APARTMENTS LIMITED (REGISTERED NUMBER: 08495735)

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


1. STATUTORY INFORMATION

Elliot House Apartments 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 rents received or receivable. The company is not registered for value added tax purposes.

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 Statement of Income and Retained Earnings, 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 ) .

ELLIOT HOUSE APARTMENTS LIMITED (REGISTERED NUMBER: 08495735)

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


4. TANGIBLE FIXED ASSETS
Freehold
Property
£   
COST OR VALUATION
At 1 May 2023 330,812
Additions 69,875
At 30 April 2024 400,687
NET BOOK VALUE
At 30 April 2024 400,687
At 30 April 2023 330,812

Cost or valuation at 30 April 2024 is represented by:

Freehold
Property
£   
Valuation in 2017 26,433
Cost 374,254
400,687

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 410,266
NET BOOK VALUE
At 30 April 2024 410,266
At 30 April 2023 410,266

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amount due from related company 15,000 15,000
Prepayments 3,003 3,840
18,003 18,840

ELLIOT HOUSE APARTMENTS LIMITED (REGISTERED NUMBER: 08495735)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 9,314 9,314
Trade creditors - 2,848
Tax 8,121 9,008
Amount due to related company 31,462 1,462
Tenants deposits 3,750 3,750
Directors' current accounts 77,915 41,500
Deferred income 2,225 2,225
Accrued expenses 3,000 1,800
135,787 71,907

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 18,628 18,628
Bank loans more 5 yr by instal 583,445 592,162
602,073 610,790

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 583,445 592,162

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 611,387 620,104

The loans are secured by a first legal charge over the freehold and investment properties of the company.

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 1,748 1,748

Deferred
tax
£   
Balance at 1 May 2023 1,748
Balance at 30 April 2024 1,748

ELLIOT HOUSE APARTMENTS LIMITED (REGISTERED NUMBER: 08495735)

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


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary Shares £1 100 100

12. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 24,685