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REGISTERED NUMBER: 08630891 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ELLIOT CHARLES PROPERTIES
LIMITED

ELLIOT CHARLES PROPERTIES
LIMITED (REGISTERED NUMBER: 08630891)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELLIOT CHARLES PROPERTIES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A C E Inchbald
T J Killick





REGISTERED OFFICE: Cherwell House
5 Weathercock Lane
Woburn Sands
Milton Keynes
MK45 8NP





REGISTERED NUMBER: 08630891 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

ELLIOT CHARLES PROPERTIES
LIMITED (REGISTERED NUMBER: 08630891)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 144,351 86,558
Investment property 5 2,665,955 2,665,955
2,810,306 2,752,513

CURRENT ASSETS
Debtors 6 152,381 193,156
Cash at bank 20,843 83,156
173,224 276,312
CREDITORS
Amounts falling due within one year 7 1,228,149 1,235,429
NET CURRENT LIABILITIES (1,054,925 ) (959,117 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,755,381

1,793,396

CREDITORS
Amounts falling due after more than one
year

8

1,274,959

1,322,000
NET ASSETS 480,422 471,396

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 480,322 471,296
SHAREHOLDERS' FUNDS 480,422 471,396

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 CHARLES PROPERTIES
LIMITED (REGISTERED NUMBER: 08630891)

BALANCE SHEET - continued
30 JUNE 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 15 February 2025 and were signed on its behalf by:





A C E Inchbald - Director


ELLIOT CHARLES PROPERTIES
LIMITED (REGISTERED NUMBER: 08630891)

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


1. STATUTORY INFORMATION

Elliot Charles Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

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 NIL (2023 - NIL).

ELLIOT CHARLES PROPERTIES
LIMITED (REGISTERED NUMBER: 08630891)

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


4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 July 2023 86,558
Additions 57,793
At 30 June 2024 144,351
NET BOOK VALUE
At 30 June 2024 144,351
At 30 June 2023 86,558

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 2,665,955
NET BOOK VALUE
At 30 June 2024 2,665,955
At 30 June 2023 2,665,955

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,021 100,358
Other debtors 106,360 92,798
152,381 193,156

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 91,215 76,954
Trade creditors 13,797 7,005
Taxation and social security 106,741 158,271
Other creditors 1,016,396 993,199
1,228,149 1,235,429

ELLIOT CHARLES PROPERTIES
LIMITED (REGISTERED NUMBER: 08630891)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,274,959 1,322,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,008,299 1,004,661