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ELTONSTONE LIMITED

Registered Number
01792037
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

ELTONSTONE LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

NICHOLSON, Daryl
POWEL, Sarah Jane

Registered Address

4 Commerce Way
Lancing Business Park
Lancing
BN15 8TA

Registered Number

01792037 (England and Wales)
ELTONSTONE LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property3550,000550,000
550,000550,000
Current assets
Debtors413,438-
Cash at bank and on hand23,80323,526
37,24123,526
Creditors amounts falling due within one year5(22,556)(14,470)
Net current assets (liabilities)14,6859,056
Total assets less current liabilities564,685559,056
Provisions for liabilities6(9,772)(9,772)
Net assets554,913549,284
Capital and reserves
Called up share capital100100
Revaluation reserve352,068352,068
Profit and loss account202,745197,116
Shareholders' funds7554,913549,284
The financial statements were approved and authorised for issue by the Board of Directors on 11 March 2025, and are signed on its behalf by:
NICHOLSON, Daryl
Director
Registered Company No. 01792037
ELTONSTONE LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), as modified by the revaluation of certain fixed assets.
Turnover policy
Turnover represents the value, net of VAT and discounts, of rents and charges invoiced to tenants.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Deferred tax liabilities are not discounted.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties is valued at it's fair value as estimated by the Directors. Deferred tax is provided against any remeasured movements.
2.Average number of employees

20242023
Average number of employees during the year00
3.Investment property
The financial statements have been prepares under FRS 102 1A with the investment property being shown on the Balance Sheet at £550,000 (£550,000 2023); this being the Directors' opinion of fair value. In accordance with FRS 102 1A the movement in fair value between the original cost and the Directors' valuation has been included in the Profit and Loss Account. the amount included is £352,068 (£352,068 2023) and this represents a non distributable element of the Profit and Loss balance.

£
Fair value at 01 July 23550,000
At 30 June 24550,000
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables13,438-
Total13,438-
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9,6783,098
Bank borrowings and overdrafts800800
Taxation and social security12,0789,466
Other creditors-6
Accrued liabilities and deferred income-1,100
Total22,55614,470
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)9,7729,772
Total9,7729,772
7.Revaluation reserve

£
Reserve at 01 July 23352,068
At 30 June 24352,068