Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312025-05-142024-12-312025-05-14true2024-01-01Letting commercial buildings and the provision of services and goods to its tenants and to other parties.false89trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01389427 2024-01-01 2024-12-31 01389427 2023-01-01 2023-12-31 01389427 2024-12-31 01389427 2023-12-31 01389427 c:CompanySecretary1 2024-01-01 2024-12-31 01389427 c:Director1 2024-01-01 2024-12-31 01389427 c:Director2 2024-01-01 2024-12-31 01389427 c:Director5 2024-01-01 2024-12-31 01389427 c:Director6 2024-01-01 2024-12-31 01389427 c:RegisteredOffice 2024-01-01 2024-12-31 01389427 d:PlantMachinery 2024-01-01 2024-12-31 01389427 d:PlantMachinery 2024-12-31 01389427 d:PlantMachinery 2023-12-31 01389427 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01389427 d:FurnitureFittings 2024-01-01 2024-12-31 01389427 d:FurnitureFittings 2024-12-31 01389427 d:FurnitureFittings 2023-12-31 01389427 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01389427 d:OfficeEquipment 2024-01-01 2024-12-31 01389427 d:OfficeEquipment 2024-12-31 01389427 d:OfficeEquipment 2023-12-31 01389427 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01389427 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 01389427 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01389427 d:FreeholdInvestmentProperty 2024-01-01 2024-12-31 01389427 d:FreeholdInvestmentProperty 2024-12-31 01389427 d:FreeholdInvestmentProperty 2023-12-31 01389427 d:CurrentFinancialInstruments 2024-12-31 01389427 d:CurrentFinancialInstruments 2023-12-31 01389427 d:Non-currentFinancialInstruments 2024-12-31 01389427 d:Non-currentFinancialInstruments 2023-12-31 01389427 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 01389427 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01389427 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 01389427 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 01389427 d:UKTax 2024-01-01 2024-12-31 01389427 d:UKTax 2023-01-01 2023-12-31 01389427 d:ShareCapital 2024-12-31 01389427 d:ShareCapital 2023-12-31 01389427 d:SharePremium 2024-01-01 2024-12-31 01389427 d:SharePremium 2024-12-31 01389427 d:SharePremium 2023-12-31 01389427 d:OtherMiscellaneousReserve 2024-01-01 2024-12-31 01389427 d:OtherMiscellaneousReserve 2024-12-31 01389427 d:OtherMiscellaneousReserve 2023-12-31 01389427 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 01389427 d:RetainedEarningsAccumulatedLosses 2024-12-31 01389427 d:RetainedEarningsAccumulatedLosses 2023-12-31 01389427 c:OrdinaryShareClass2 2024-01-01 2024-12-31 01389427 c:OrdinaryShareClass2 2024-12-31 01389427 c:OrdinaryShareClass3 2024-01-01 2024-12-31 01389427 c:OrdinaryShareClass3 2024-12-31 01389427 c:OrdinaryShareClass4 2024-01-01 2024-12-31 01389427 c:OrdinaryShareClass4 2024-12-31 01389427 c:OrdinaryShareClass5 2024-01-01 2024-12-31 01389427 c:OrdinaryShareClass5 2024-12-31 01389427 c:FRS102 2024-01-01 2024-12-31 01389427 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 01389427 c:FullAccounts 2024-01-01 2024-12-31 01389427 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01389427 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-01-01 2024-12-31 01389427 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-12-31 01389427 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-31 01389427 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 01389427 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 01389427 d:OtherDeferredTax 2024-12-31 01389427 d:OtherDeferredTax 2023-12-31 01389427 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01389427










ELLOUGH INDUSTRIAL ESTATES (1978) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ELLOUGH INDUSTRIAL ESTATES (1978) LIMITED
 
 
COMPANY INFORMATION


Directors
Mrs S G Barrett-Kelly 
N Crane 
E S Tills 
Dr O A Tills 




Company secretary
S J Lamb



Registered number
01389427



Registered office
Site Office
Ellough Industrial Estate

Ellough

Beccles

Suffolk

NR34 7TD




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
ELLOUGH INDUSTRIAL ESTATES (1978) LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 11


 
ELLOUGH INDUSTRIAL ESTATES (1978) LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ELLOUGH INDUSTRIAL ESTATES (1978) LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ellough Industrial Estates (1978) Limited for the year ended 31 December 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Ellough Industrial Estates (1978) Limited, as a body, in accordance with the terms of our engagement letter dated 15 February 2022Our work has been undertaken solely to prepare for your approval the financial statements of Ellough Industrial Estates (1978) Limited and state those matters that we have agreed to state to the Board of directors of Ellough Industrial Estates (1978) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ellough Industrial Estates (1978) Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Ellough Industrial Estates (1978) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ellough Industrial Estates (1978) Limited. You consider that Ellough Industrial Estates (1978) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Ellough Industrial Estates (1978) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

14 May 2025
Page 1

 
ELLOUGH INDUSTRIAL ESTATES (1978) LIMITED
REGISTERED NUMBER: 01389427

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
23,303
21,403

Investment property
 6 
13,786,045
13,500,000

  
13,809,348
13,521,403

Current assets
  

Debtors: amounts falling due within one year
 7 
69,602
126,743

Cash at bank and in hand
  
276,834
187,203

  
346,436
313,946

Creditors: amounts falling due within one year
 8 
(384,746)
(1,014,046)

Net current liabilities
  
 
 
(38,310)
 
 
(700,100)

Total assets less current liabilities
  
13,771,038
12,821,303

Creditors: amounts falling due after more than one year
 9 
(3,022,000)
(2,058,262)

Provisions for liabilities
  

Deferred tax
 10 
(1,144,946)
(1,134,418)

Net assets
  
9,604,092
9,628,623


Capital and reserves
  

Called up share capital 
 11 
266,100
266,100

Share premium account
 12 
471,861
471,861

Other reserves
 12 
7,679,504
7,679,504

Profit and loss account
 12 
1,186,627
1,211,158

  
9,604,092
9,628,623


Page 2

 
ELLOUGH INDUSTRIAL ESTATES (1978) LIMITED
REGISTERED NUMBER: 01389427
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 May 2025.






Mrs S G Barrett-Kelly
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
ELLOUGH INDUSTRIAL ESTATES (1978) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The Company is a private company limited by shares.  It is both incorporated and domiciled in England and Wales.  The address of its registered office is Site Office, Ellough Industrial Estate, Ellough, Beccles, Suffolk, NR34 7TD.
The Company's principal activity is that of letting commercial buildings, and the provision of services and goods to its tenants and to other parties.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises rent and related charges payable to the Company by tenants for the occupation of properties owned by the company. In addition, turnover includes income from the provision of other services and goods to non-tenants. Turnover is exclusive of Value Added Tax and is recognised on the accruals basis. Income received in advance at the year end is included within creditors.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
ELLOUGH INDUSTRIAL ESTATES (1978) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. 

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Equipment
-
20% on cost
Fencing
-
20% on cost
Storage containers
-
5% on cost
Assets in course of construction
-
No depreciation

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
ELLOUGH INDUSTRIAL ESTATES (1978) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 9).


4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
76,005
47,809


Total current tax
76,005
47,809

Deferred tax


Origination and reversal of timing differences
10,528
165,849

Total deferred tax
10,528
165,849


Taxation on profit on ordinary activities
86,533
213,658
Page 6

 
ELLOUGH INDUSTRIAL ESTATES (1978) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
 
4.Taxation (continued)


Factors affecting tax charge for the year

The fair value movements recognised in the profit and loss account upon revaluation of the Company's investment properties do not become taxable until the ultimate disposal of these properties. An appropriate adjustment has therefore been made in arriving at the corporation tax charge for the year, calculated at the standard rate of corporation tax in the UK applicable to the Company.



Factors that may affect future tax charges

There were no factors that may affect future tax charges.


5.


Tangible fixed assets





Equipment
Fencing
Storage containers
Total

£
£
£
£



Cost or valuation


At 1 January 2024
78,804
67,758
15,244
161,806


Additions
4,640
7,097
-
11,737


Disposals
(6,565)
(4,128)
-
(10,693)



At 31 December 2024

76,879
70,727
15,244
162,850



Depreciation


At 1 January 2024
63,238
63,255
13,909
140,402


Charge for the year on owned assets
4,201
2,050
593
6,844


Disposals
(5,910)
(1,789)
-
(7,699)



At 31 December 2024

61,529
63,516
14,502
139,547



Net book value



At 31 December 2024
15,350
7,211
742
23,303



At 31 December 2023
15,566
4,503
1,334
21,403

Page 7

 
ELLOUGH INDUSTRIAL ESTATES (1978) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
13,500,000


Additions at cost
286,045



At 31 December 2024
13,786,045

The 2024 valuations were made by the director, on an open market value for existing use basis.





7.


Debtors

2024
2023
£
£


Trade debtors
56,529
58,749

Other debtors
-
56,760

Prepayments and accrued income
13,073
11,234

69,602
126,743



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
74,000
374,000

Trade creditors
26,079
344,419

Corporation tax
76,005
47,809

Other taxation and social security
67,965
12,204

Other creditors
6,115
135,254

Accruals and deferred income
134,582
100,360

384,746
1,014,046


Page 8

 
ELLOUGH INDUSTRIAL ESTATES (1978) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
3,022,000
2,058,261

3,022,000
2,058,261


The bank loan is secured by fixed and floating charges over all assets held by the company.


10.


Deferred taxation




2024


£






At beginning of year
(1,134,418)


Charged to profit or loss
(10,528)



At end of year
(1,144,946)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(46,241)
(35,713)

Tax payable on future sale of investment properties
(1,098,705)
(1,098,705)

(1,144,946)
(1,134,418)

Page 9

 
ELLOUGH INDUSTRIAL ESTATES (1978) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



135,711 Ordinary A shares of £1.00 each
135,711
135,711
23,528 Ordinary B shares of £1.00 each
23,528
23,528
23,597 Ordinary C shares of £1.00 each
23,597
23,597
17,715 Ordinary D shares of £1.00 each
17,715
17,715
5,882 Ordinary E shares of £1.00 each
5,882
5,882
5,813 Ordinary F shares of £1.00 each
5,813
5,813
2,661 Ordinary G shares of £1.00 each
2,661
2,661
51,193 Ordinary H shares of £1.00 each
51,193
51,193

266,100

266,100



12.


Reserves

Share premium account

The share premium reserve contains the premium arising on issue of equity shares, net of issue expenses.

Other reserves

The fair value reserve represents the cumulative value of revaluations of investment property which are valued to fair value at each reporting date, net of deferred tax. The amounts debited or credited to this reserve are transfers from the profit and loss account. Deferred tax is provided for on these fair value adjustments at the standard rate of corporation tax applicable in the UK.

Profit & loss account

The profit and loss reserve represents cumulative profits or losses, net of dividends paid and other adjustments.


13.


Pension commitments

Contributions totalling £1,289 (2023 - £1,124) were payable to the fund at the balance sheet date and are included in creditors.


14.Other financial commitments

At 31 December 2024, the Company had total financial commitments, guarantees and contingencies which are not included in the balance sheet amounted to £3,916 (2023: £793).

Page 10

 
ELLOUGH INDUSTRIAL ESTATES (1978) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

15.


Related party transactions

As at 31 December 2024 the balance owed to the directors by the Company was £2,059 (2023: £128,770). Interest has been charged on these loans at a rate 5% and the balances are included in creditors due within one year in note 8 of the financial statements.

 
Page 11