Company Registration No. 13143101 (England and Wales)
Elme Properties Limited
Unaudited accounts
for the year ended 31 December 2024
Elme Properties Limited
Unaudited accounts
Contents
Elme Properties Limited
Company Information
for the year ended 31 December 2024
Directors
Paul Ellison
Samantha Louise Ellison
Joanna Meek
Peter John Meek
Company Number
13143101 (England and Wales)
Registered Office
98 THE GREEN
ACOMB
YORK
YO265LS
ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Elme Properties Limited
Accountants' report
Accountants' report to the board of directors of Elme Properties Limited on the preparation of the unaudited statutory accounts 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 accounts of
Elme Properties Limited for the year ended
31 December 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Elme Properties Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Elme Properties Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elme Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Elme Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Elme Properties Limited. You consider that Elme Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Elme Properties 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 accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
21 July 2025
Elme Properties Limited
Statement of financial position
as at 31 December 2024
Tangible assets
1,125,000
1,255,591
Cash at bank and in hand
17,712
17,572
Creditors: amounts falling due within one year
(472,900)
(495,118)
Net current liabilities
(437,992)
(477,546)
Total assets less current liabilities
687,008
778,045
Creditors: amounts falling due after more than one year
(483,717)
(476,568)
Provisions for liabilities
Deferred tax
(37,426)
(62,429)
Net assets
165,865
239,048
Called up share capital
12
12
Revaluation reserve
265,197
327,416
Profit and loss account
(99,344)
(88,380)
Shareholders' funds
165,865
239,048
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by
Paul Ellison
Director
Company Registration No. 13143101
Elme Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
Elme Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13143101. The registered office is 98 THE GREEN, ACOMB, YORK, YO265LS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Elme Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
1,152,498
150,051
1,302,549
Additions
(5,362)
(12,259)
(17,621)
Revaluations
(82,959)
-
(82,959)
At 31 December 2024
1,064,177
137,792
1,201,969
At 1 January 2024
-
46,958
46,958
Charge for the year
-
30,011
30,011
At 31 December 2024
-
76,969
76,969
At 31 December 2024
1,064,177
60,823
1,125,000
At 31 December 2023
1,152,498
103,093
1,255,591
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
162,000
174,000
Loans from directors
308,805
320,523
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
483,717
476,568
Aggregate of amounts that fall due for payment after five years
483,717
476,568
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
Elme Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
8
Deferred taxation
2024
2023
Revaluation of land and buildings
88,399
109,139
Tax losses carried forward
(50,973)
(46,710)
Provision at start of year
62,429
55,952
(Credited)/charged to the profit and loss account
(25,003)
6,477
Provision at end of year
37,426
62,429
9
Transactions with related parties
The company owed a total of £308,805 (2023 - £320,523) to the directors at the year end.
Included in current liabilities is a related company loan of £162,000 (2023 - £174,000).
All loans are interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).