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REGISTERED NUMBER: 02844885 (England and Wales)















Elef Properties Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025






Elef Properties Limited (Registered number: 02844885)

Contents of the Financial Statements
for the year ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Elef Properties Limited

Company Information
for the year ended 31 January 2025







Directors: I P Redfern
M L Wyman
G Frydman





Secretary: A Frydman





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 02844885 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Elef Properties Limited (Registered number: 02844885)

Balance Sheet
31 January 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 4 805,409 805,599

Current assets
Debtors 5 3,852 4,854
Cash at bank 23,131 30,303
26,983 35,157
Creditors
Amounts falling due within one year 6 103,548 113,890
Net current liabilities (76,565 ) (78,733 )
Total assets less current liabilities 728,844 726,866

Provisions for liabilities 87,156 67,690
Net assets 641,688 659,176

Capital and reserves
Called up share capital 7 1,768 1,768
Share premium 236,965 236,965
Fair value reserve 8 288,574 288,574
Retained earnings 114,381 131,869
Shareholders' funds 641,688 659,176

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by:





G Frydman - Director


Elef Properties Limited (Registered number: 02844885)

Notes to the Financial Statements
for the year ended 31 January 2025


1. Statutory information

Elef Properties 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 is measured at the fair value of rents received or receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. Employees and directors

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

Elef Properties Limited (Registered number: 02844885)

Notes to the Financial Statements - continued
for the year ended 31 January 2025


4. Tangible fixed assets
Fixtures
Freehold and Computer
property fittings equipment Totals
£ £ £ £
Cost
At 1 February 2024
and 31 January 2025 805,000 3,252 3,204 811,456
Depreciation
At 1 February 2024 - 3,137 2,720 5,857
Charge for year - 29 161 190
At 31 January 2025 - 3,166 2,881 6,047
Net book value
At 31 January 2025 805,000 86 323 805,409
At 31 January 2024 805,000 115 484 805,599

5. Debtors: amounts falling due within one year
2025 2024
£ £
Trade debtors 2,052 3,054
Other debtors 1,800 1,800
3,852 4,854

6. Creditors: amounts falling due within one year
2025 2024
£ £
Amounts owed to group undertakings - 842
Taxation and social security 2,411 1,447
Other creditors 101,137 111,601
103,548 113,890

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
931 Ordinary A £1 931 931
279 Ordinary B £1 279 279
279 Ordinary C £1 279 279
279 Ordinary D £1 279 279
------------ -----------
1,768 1,768
------------ ----------

8. Reserves
Fair value
reserve
£
At 1 February 2024
and 31 January 2025 288,574

Elef Properties Limited (Registered number: 02844885)

Notes to the Financial Statements - continued
for the year ended 31 January 2025


9. Related party disclosures

Included within Other creditors is a loan from G Frydman of £30,000. Subsequent to the balance sheet date on 14 July, G Frydman was appointed a director of the company.