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REGISTERED NUMBER: 11349594 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ELMERS END ESTATES LTD

ELMERS END ESTATES LTD (REGISTERED NUMBER: 11349594)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ELMERS END ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mrs B B Stroh





REGISTERED OFFICE: 32 Paget Road
London
N16 5NQ





REGISTERED NUMBER: 11349594 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

ELMERS END ESTATES LTD (REGISTERED NUMBER: 11349594)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 3,587 4,220
Investment property 6 2,815,000 2,760,000
2,818,587 2,764,220

CURRENT ASSETS
Debtors 7 94,000 93,742
Cash at bank 14,112 24,821
108,112 118,563
CREDITORS
Amounts falling due within one year 8 (2,043,804 ) (1,975,543 )
NET CURRENT LIABILITIES (1,935,692 ) (1,856,980 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

882,895

907,240

CREDITORS
Amounts falling due after more than one
year

9

(914,392

)

(932,468

)
NET LIABILITIES (31,497 ) (25,228 )

CAPITAL AND RESERVES
Called up share capital 11 1 1
Fair value reserve 12 55,000 -
Retained earnings 12 (86,498 ) (25,229 )
SHAREHOLDERS' FUNDS (31,497 ) (25,228 )

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 director acknowledges her 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.

ELMERS END ESTATES LTD (REGISTERED NUMBER: 11349594)

STATEMENT OF FINANCIAL POSITION - 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 and authorised for issue by the director and authorised for issue on 7 February 2025 and were signed by:





Mrs B B Stroh - Director


ELMERS END ESTATES LTD (REGISTERED NUMBER: 11349594)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Elmers End Estates 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

ELMERS END ESTATES LTD (REGISTERED NUMBER: 11349594)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 12,379
DEPRECIATION
At 1 June 2023 8,159
Charge for year 633
At 31 May 2024 8,792
NET BOOK VALUE
At 31 May 2024 3,587
At 31 May 2023 4,220

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 2,760,000
Revaluations 55,000
At 31 May 2024 2,815,000
NET BOOK VALUE
At 31 May 2024 2,815,000
At 31 May 2023 2,760,000

The fair value of investment property was assessed to be unchanged by the director. The fair value was determined using open market valuation method. The director does not have a formal qualification but considerable experience in property market to ascertain the fair value with sufficient level of confidence.

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 55,000
Cost 2,760,000
2,815,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 1,242
Amounts owed by group undertakings 94,000 92,500
94,000 93,742

ELMERS END ESTATES LTD (REGISTERED NUMBER: 11349594)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 33,654 38,711
Amounts owed to group undertakings 1,994,524 1,921,206
Other creditors 15,626 15,626
2,043,804 1,975,543

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 914,392 932,468

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 914,392 932,468

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 914,392 932,468

Bank loan is secured by first charge over the company's investment property.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 1 1

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2023 (25,229 ) - (25,229 )
Deficit for the year (6,269 ) (6,269 )
Fair value gain/loss (55,000 ) 55,000 -
At 31 May 2024 (86,498 ) 55,000 (31,498 )

13. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Berryvilla Investments Limited, which itself is a wholly owned subsidiary of Carlee Limited.