IRIS Accounts Production v25.1.0.734 10542305 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105423052023-12-31105423052024-12-31105423052024-01-012024-12-31105423052022-12-31105423052023-01-012023-12-31105423052023-12-3110542305ns15:EnglandWales2024-01-012024-12-3110542305ns14:PoundSterling2024-01-012024-12-3110542305ns10:Director12024-01-012024-12-3110542305ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3110542305ns10:SmallEntities2024-01-012024-12-3110542305ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3110542305ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3110542305ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3110542305ns10:FullAccounts2024-01-012024-12-3110542305ns10:Director22024-01-012024-12-3110542305ns10:RegisteredOffice2024-01-012024-12-3110542305ns5:CurrentFinancialInstruments2024-12-3110542305ns5:CurrentFinancialInstruments2023-12-3110542305ns5:ShareCapital2024-12-3110542305ns5:ShareCapital2023-12-3110542305ns5:RetainedEarningsAccumulatedLosses2024-12-3110542305ns5:RetainedEarningsAccumulatedLosses2023-12-3110542305ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3110542305ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3110542305ns5:CurrentFinancialInstruments2024-01-012024-12-3110542305ns5:DeferredTaxation2023-12-3110542305ns5:DeferredTaxation2024-12-31
REGISTERED NUMBER: 10542305 (England and Wales)















ELJA PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






ELJA PROPERTIES LIMITED (REGISTERED NUMBER: 10542305)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELJA PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: A D Bowers
Mrs Y Bowers





REGISTERED OFFICE: CN House
Brooks Drive
Cheadle Royal Business Park
Cheadle
SK8 3TD





REGISTERED NUMBER: 10542305 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

ELJA PROPERTIES LIMITED (REGISTERED NUMBER: 10542305)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,110,000 1,110,000

CURRENT ASSETS
Debtors 5 3,539 100
Cash at bank 41,792 4,550
45,331 4,650
CREDITORS
Amounts falling due within one year 6 874,435 869,573
NET CURRENT LIABILITIES (829,104 ) (864,923 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,896

245,077

PROVISIONS FOR LIABILITIES 7 42,782 42,782
NET ASSETS 238,114 202,295

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 238,014 202,195
238,114 202,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ELJA PROPERTIES LIMITED (REGISTERED NUMBER: 10542305)

BALANCE SHEET - continued
31 DECEMBER 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 14 April 2025 and were signed on its behalf by:





Mrs Y Bowers - Director


ELJA PROPERTIES LIMITED (REGISTERED NUMBER: 10542305)

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


1. STATUTORY INFORMATION

Elja 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income for the year together with premiums received from tenants. Amounts invoiced in advance relating to the next accounting period are included in accruals as deferred income.

Acquisitions and disposals of properties are recognised on the date of exchange of contracts for the purchase or sale, provided there is certainty at the balance sheet date that completion will take place. If completion is subject to a contingent event the purchase or sale is recognised on the date that the contingent event occurred.

Investment property
Investment properties are revalued at the accounting date and the aggregate surplus or temporary deficit is recognised in the profit and loss account.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation or amortisation is provided. Any permanent diminutions in value below cost are charged to the profit and loss account.

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.


ELJA PROPERTIES LIMITED (REGISTERED NUMBER: 10542305)

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


2. ACCOUNTING POLICIES - continued
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 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 1,110,000
NET BOOK VALUE
At 31 December 2024 1,110,000
At 31 December 2023 1,110,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 173,596
Cost 936,404
1,110,000

The investment property portfolio was revalued at fair value by local estate agents as at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,193 -
Prepayments and accrued income 2,346 100
3,539 100

ELJA PROPERTIES LIMITED (REGISTERED NUMBER: 10542305)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 8,402 5,477
Directors' current accounts 863,390 861,456
Accruals and deferred income 2,643 2,640
874,435 869,573

The directors' current accounts are interest free and repayable on demand.

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 42,782 42,782

Deferred
tax
£   
Balance at 1 January 2024 42,782
Balance at 31 December 2024 42,782

8. ULTIMATE CONTROLLING PARTY

The company is under the joint control of Mr A D Bowers and Mrs Y Bowers.