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REGISTERED NUMBER: 02003294 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2024

FOR

ELM PARK MANSIONS LIMITED

ELM PARK MANSIONS LIMITED (REGISTERED NUMBER: 02003294)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ELM PARK MANSIONS LIMITED

COMPANY INFORMATION
For The Year Ended 29 September 2024







DIRECTORS: N Parshotam
P M Skogstrom
J S Vrac
P A Jones





REGISTERED OFFICE: KFH House
5 Compton Road
London
SW19 7QA





REGISTERED NUMBER: 02003294 (England and Wales)





AUDITORS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

ELM PARK MANSIONS LIMITED (REGISTERED NUMBER: 02003294)

BALANCE SHEET
29 September 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 3,124 8,457
Cash at bank 538,521 519,390
541,645 527,847
CREDITORS
Amounts falling due within one year 5 63,838 55,776
NET CURRENT ASSETS 477,807 472,071
TOTAL ASSETS LESS CURRENT LIABILITIES 477,807 472,071

CAPITAL AND RESERVES
Called up share capital 6 945 945
Share premium 7 16,348 16,348
Retained earnings 7 460,514 454,778
SHAREHOLDERS' FUNDS 477,807 472,071

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 Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





J S Vrac - Director


ELM PARK MANSIONS LIMITED (REGISTERED NUMBER: 02003294)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29 September 2024


1. STATUTORY INFORMATION

Elm Park Mansions 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.

Turnover
Turnover comprises ground rent, lease extension premiums and sundry income, measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Tangible fixed assets and depreciation
In the opinion of the directors the freehold property does not qualify as an investment property and accordingly is carried at historical cost (nil) in the balance sheet.

Service charge costs
All cost of maintaining the freehold property are bourne by the tenants and are recovered by the managing agents via service charge demands. The expenditure is recovered in the separately prepared Service Charge accounts and these accounts do not therefore include any maintenance costs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

ELM PARK MANSIONS LIMITED (REGISTERED NUMBER: 02003294)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 September 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 15 3,451
Ground rent / Administrative
charges debtors 2,525 5,006
Prepayments 584 -
3,124 8,457

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 1,340 2,369
Other creditors 51,237 38,260
Accrued expenses 11,261 15,147
63,838 55,776

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
189 Ordinary £5 945 945

7. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 30 September 2023 454,778 16,348 471,126
Profit for the year 5,736 - 5,736
At 29 September 2024 460,514 16,348 476,862

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dilun Mistry FCA (Senior Statutory Auditor)
for and on behalf of TC Group

9. RELATED PARTY DISCLOSURES

Included in other creditors is £52,437 (2023: £38,260), a loan due from Elm Park Mansions Reserve Fund. The loan is interest free and repayable on demand.

10. TANGIBLE FIXED ASSETS

The company owns the freehold interest in Elm Park Mansions. This was acquired by the company at nil cost. In the opinion of the directors, in view of the leasehold interests in the property a nil valuation continues to be appropriate.