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REGISTERED NUMBER: 12075894 (England and Wales)















Financial Statements for the Year Ended 30 June 2025

for

Ellis Properties (Cornwall) Limited

Ellis Properties (Cornwall) Limited (Registered number: 12075894)






Contents of the Financial Statements
for the Year Ended 30 June 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ellis Properties (Cornwall) Limited

Company Information
for the Year Ended 30 June 2025







DIRECTOR: G Ellis





REGISTERED OFFICE: Unit 1 Scorrier House Workshops
Scorrier
Redruth
Cornwall
TR16 5AU





REGISTERED NUMBER: 12075894 (England and Wales)





ACCOUNTANTS: Sovereign Accounting Solutions
Chartered Accountants and Business Advisers
Unit 9
Moorland Road Industrial Park
Moorland Road, Indian Queens
St Columb
Cornwall
TR9 6FB

Ellis Properties (Cornwall) Limited (Registered number: 12075894)

Balance Sheet
30 June 2025

30.6.25 30.6.24
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,635,716 1,020,894

CURRENT ASSETS
Debtors 5 31,622 16,878
Cash at bank 492 3,597
32,114 20,475
CREDITORS
Amounts falling due within one year 6 1,466,022 847,730
NET CURRENT LIABILITIES (1,433,908 ) (827,255 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,808

193,639

CREDITORS
Amounts falling due after more than one
year

7

152,202

157,041
NET ASSETS 49,606 36,598

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 49,427 36,427
Retained earnings 79 71
SHAREHOLDERS' FUNDS 49,606 36,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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.

Ellis Properties (Cornwall) Limited (Registered number: 12075894)

Balance Sheet - continued
30 June 2025


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 11 August 2025 and were signed by:





G Ellis - Director


Ellis Properties (Cornwall) Limited (Registered number: 12075894)

Notes to the Financial Statements
for the Year Ended 30 June 2025

1. STATUTORY INFORMATION

Ellis Properties (Cornwall) 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.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2024 1,020,894
Additions 601,822
Revaluations 13,000
At 30 June 2025 1,635,716
NET BOOK VALUE
At 30 June 2025 1,635,716
At 30 June 2024 1,020,894

Ellis Properties (Cornwall) Limited (Registered number: 12075894)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2025

4. INVESTMENT PROPERTY - continued

Fair value at 30 June 2025 is represented by:
£   
Valuation in 2025 13,000
Cost 1,622,716
1,635,716

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.25 30.6.24
£    £   
Trade debtors 5,760 11,760
Other debtors 25,862 5,118
31,622 16,878

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.25 30.6.24
£    £   
Bank loans and overdrafts 11,054 6,105
Trade creditors 2,236 5,661
Other creditors 1,452,732 835,964
1,466,022 847,730

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.25 30.6.24
£    £   
Bank loans 152,202 157,041

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 107,986 132,620

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.25 30.6.24
£    £   
Bank loans 163,256 163,146

Ellis Properties (Cornwall) Limited (Registered number: 12075894)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2025

9. RESERVES
Revaluation
reserve
£   
At 1 July 2024 36,427
Freehold property 13,000

At 30 June 2025 49,427