IRIS Accounts Production v25.1.3.33 10319629 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false Fair value model Ordinary shares 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103196292024-03-31103196292025-03-31103196292024-04-012025-03-31103196292023-03-31103196292023-04-012024-03-31103196292024-03-3110319629ns15:EnglandWales2024-04-012025-03-3110319629ns14:PoundSterling2024-04-012025-03-3110319629ns10:Director12024-04-012025-03-3110319629ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3110319629ns10:SmallEntities2024-04-012025-03-3110319629ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3110319629ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3110319629ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3110319629ns10:FullAccounts2024-04-012025-03-3110319629ns10:OrdinaryShareClass12024-04-012025-03-3110319629ns10:Director22024-04-012025-03-3110319629ns10:RegisteredOffice2024-04-012025-03-3110319629ns5:CurrentFinancialInstruments2025-03-3110319629ns5:CurrentFinancialInstruments2024-03-3110319629ns5:Non-currentFinancialInstruments2025-03-3110319629ns5:Non-currentFinancialInstruments2024-03-3110319629ns5:ShareCapital2025-03-3110319629ns5:ShareCapital2024-03-3110319629ns5:SharePremium2025-03-3110319629ns5:SharePremium2024-03-3110319629ns5:RetainedEarningsAccumulatedLosses2025-03-3110319629ns5:RetainedEarningsAccumulatedLosses2024-03-3110319629ns5:FurnitureFittings2024-03-3110319629ns5:ComputerEquipment2024-03-3110319629ns5:FurnitureFittings2024-04-012025-03-3110319629ns5:ComputerEquipment2024-04-012025-03-3110319629ns5:FurnitureFittings2025-03-3110319629ns5:ComputerEquipment2025-03-3110319629ns5:FurnitureFittings2024-03-3110319629ns5:ComputerEquipment2024-03-3110319629ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3110319629ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3110319629ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2025-03-3110319629ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3110319629ns5:Secured2025-03-3110319629ns5:Secured2024-03-3110319629ns5:DeferredTaxation2024-03-3110319629ns5:DeferredTaxation2025-03-3110319629ns10:OrdinaryShareClass12025-03-31
REGISTERED NUMBER: 10319629 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

E & L Rental Properties Limited

E & L Rental Properties Limited (Registered number: 10319629)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


E & L Rental Properties Limited

COMPANY INFORMATION
for the year ended 31 March 2025







Directors: Mr E Kamaie
Mrs L Kamaie





Registered office: 129 North Hill
Plymouth
Devon
PL4 8JY





Business address: Poltair, Seymour Avenue
Mannamead
Plymouth
Devon
PL3 5AR





Registered number: 10319629 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

E & L Rental Properties Limited (Registered number: 10319629)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible assets 4 7,909 6,922
Investment property 5 12,996,825 12,996,825
13,004,734 13,003,747

Current assets
Debtors 6 1,173,672 1,056,109
Cash at bank 95,111 1,775
1,268,783 1,057,884
Creditors
Amounts falling due within one year 7 235,497 184,009
Net current assets 1,033,286 873,875
Total assets less current liabilities 14,038,020 13,877,622

Creditors
Amounts falling due after more than
one year

8

(8,117,430

)

(8,122,059

)

Provisions for liabilities 10 (106,000 ) (106,000 )
Net assets 5,814,590 5,649,563

Capital and reserves
Called up share capital 11 1,000 1,000
Share premium 5,010,241 5,010,241
Retained earnings 803,349 638,322
Shareholders' funds 5,814,590 5,649,563

E & L Rental Properties Limited (Registered number: 10319629)

BALANCE SHEET - continued
31 March 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





Mrs L Kamaie - Director


E & L Rental Properties Limited (Registered number: 10319629)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025

1. STATUTORY INFORMATION

E & L Rental Properties Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in th UK and Republic of Ireland" 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 rent receivable for the period covered by the financial statements. Where rents are received in advance as at the balance sheet date, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture & equipment - 25% on cost
Computer equipment - 20% on cost

Furniture of £6,000 is not depreciated. These are small items which are constantly being replaced and any replacement items are charged to the profit and loss account as the expense is incurred.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


E & L Rental Properties Limited (Registered number: 10319629)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

E & L Rental Properties Limited (Registered number: 10319629)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Furniture Computer
& equipment equipment Totals
£    £    £   
Cost
At 1 April 2024 6,218 6,106 12,324
Additions - 2,016 2,016
At 31 March 2025 6,218 8,122 14,340
Depreciation
At 1 April 2024 219 5,183 5,402
Charge for year - 1,029 1,029
At 31 March 2025 219 6,212 6,431
Net book value
At 31 March 2025 5,999 1,910 7,909
At 31 March 2024 5,999 923 6,922

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2024
and 31 March 2025 12,996,825
Net book value
At 31 March 2025 12,996,825
At 31 March 2024 12,996,825

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 8,275 55,348
Inter company loan 1,026,989 990,065
Other debtors 138,408 10,696
1,173,672 1,056,109

E & L Rental Properties Limited (Registered number: 10319629)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 5,556 21,065
Trade creditors - 10,200
Taxation and social security 97,000 5,000
Other creditors 132,941 147,744
235,497 184,009

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans 8,117,430 8,122,059

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 8,090,578 8,090,578

Repayable by instalments
Bank loans 4,630 9,259

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdraft - 15,509
Bank loans 8,090,578 8,090,578
8,090,578 8,106,087

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 106,000 106,000

Deferred
tax
£   
Balance at 1 April 2024 106,000
Balance at 31 March 2025 106,000

E & L Rental Properties Limited (Registered number: 10319629)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100,000 Ordinary shares £0.01 1,000 1,000

12. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed the following amounts from related parties:

Kamaie Properties Ltd (company owned and controlled by E Kamaie, L Kamaie and their children) owed the company £817,203.

P Kamaie Property Ltd (owned by the son of E Kamaie), owed the company £102,718.

H Kamaie Property Ltd (owned by the son of E Kamaie), owed the company £110,401.

At the year end, Mr & Mrs Kamaie owed the company £130,862 in the form of their directors loan accounts.