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REGISTERED NUMBER: 07108482 (England and Wales)












Eligo Property Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Eligo Property Limited (Registered number: 07108482)






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


Eligo Property Limited

Company Information
for the Year Ended 30 June 2024







Director: M C L Morley





Registered office: 41 Tennyson Avenue
Twickenham
Middlesex
TW1 4QX





Registered number: 07108482 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Eligo Property Limited (Registered number: 07108482)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £   
Fixed assets
Investments 4 2 2
Investment property 5 554,098 554,098
554,100 554,100

Current assets
Debtors 6 - 3,480
Cash at bank 42,201 24,917
42,201 28,397
Creditors
Amounts falling due within one year 7 49,986 40,647
Net current liabilities (7,785 ) (12,250 )
Total assets less current liabilities 546,315 541,850

Provisions for liabilities 8 1,700 1,700
Net assets 544,615 540,150

Capital and reserves
Called up share capital 9 100 100
Fair value reserve 10 7,245 7,245
Retained earnings 537,270 532,805
Shareholders' funds 544,615 540,150

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.

Eligo Property Limited (Registered number: 07108482)

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 25 April 2025 and were signed by:





M C L Morley - Director


Eligo Property Limited (Registered number: 07108482)

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

1. Statutory information

Eligo Property 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

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.

Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

Fixed asset investments

Consolidated accounts
The company qualifies as a small group and the directors have taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group financial statements. As such these financial statements present information about the company as an individual undertaking only and not about its group.

3. Employees and directors

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

Eligo Property Limited (Registered number: 07108482)

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

4. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 July 2023
and 30 June 2024 2
Net book value
At 30 June 2024 2
At 30 June 2023 2

5. Investment property
Total
£   
Fair value
At 1 July 2023
and 30 June 2024 554,098
Net book value
At 30 June 2024 554,098
At 30 June 2023 554,098

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 554,098

If investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 545,153 545,153

The investment property was valued on an open market basis on 30 June 2024 by the director .

6. Debtors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Other debtors - 3,480

Eligo Property Limited (Registered number: 07108482)

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

7. Creditors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Corporation tax 3,463 2,157
Loans from group undertakings 8,633 6,503
Directors' current accounts 34,890 28,757
Accrued expenses 3,000 3,230
49,986 40,647

8. Provisions for liabilities
30.6.24 30.6.23
£    £   
Deferred tax 1,700 1,700

Deferred
tax
£   
Balance at 1 July 2023 1,700
Balance at 30 June 2024 1,700

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1,000 Ordinary £0.10 100 100

10. Reserves
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 7,245