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REGISTERED NUMBER: 12075894 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Ellis Properties (Cornwall) Limited

Ellis Properties (Cornwall) Limited (Registered number: 12075894)






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


Ellis Properties (Cornwall) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: G Ellis





REGISTERED OFFICE: Unit 1 Scorrier House Workshops
Scorrier
Redruth
Cornwall
TR16 5AU





REGISTERED NUMBER: 12075894 (England and Wales)





ACCOUNTANTS: Sovereign Accounting Solutions
Chartered Accountants and Business Advisers
Unit 9
Moorland Road Industrial Park
Moorland Road, Indian Queens
St Columb
Cornwall
TR9 6FB

Ellis Properties (Cornwall) Limited (Registered number: 12075894)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,020,894 463,668

CURRENT ASSETS
Debtors 5 16,878 1,380
Cash at bank 3,597 43,684
20,475 45,064
CREDITORS
Amounts falling due within one year 6 847,730 315,112
NET CURRENT LIABILITIES (827,255 ) (270,048 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,639

193,620

CREDITORS
Amounts falling due after more than one
year

7

157,041

157,064
NET ASSETS 36,598 36,556

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 36,427 36,427
Retained earnings 71 29
SHAREHOLDERS' FUNDS 36,598 36,556

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 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.

Ellis Properties (Cornwall) Limited (Registered number: 12075894)

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 director and authorised for issue on 24 February 2025 and were signed by:





G Ellis - Director


Ellis Properties (Cornwall) Limited (Registered number: 12075894)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Ellis Properties (Cornwall) 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.

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 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 463,668
Additions 557,226
At 30 June 2024 1,020,894
NET BOOK VALUE
At 30 June 2024 1,020,894
At 30 June 2023 463,668

Ellis Properties (Cornwall) Limited (Registered number: 12075894)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 11,760 1,380
Other debtors 5,118 -
16,878 1,380

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 6,105 6,105
Trade creditors 5,661 -
Taxation and social security - 382
Other creditors 835,964 308,625
847,730 315,112

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 157,041 157,064

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 132,620 132,643

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 163,146 163,169

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 36,427