Elmbury Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10042164 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Elmbury Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C R Chandler

Mrs A J Clark

Mrs W R Odell

REGISTERED OFFICE:

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

REGISTERED NUMBER:

10042164 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

FIXED ASSETS

Tangible assets

4

281

-

Investments

5

-

Investment property

6

1,654,000

1,492,000

1,654,281

1,492,000

CURRENT ASSETS

Debtors

7

4,956

3,931

Cash at bank

161,484

144,425

166,440

148,356

CREDITORS

Amounts falling due within one year

8

17,803

20,165

NET CURRENT ASSETS

148,637

128,191

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,802,918

1,620,191

PROVISIONS FOR LIABILITIES

86,280

55,442

NET ASSETS

1,716,638

1,564,749

CAPITAL AND RESERVES

Called up share capital

12,000

Share premium

204,000

Revaluation reserve

9

368,595

237,375

Retained earnings

1,132,043

1,111,374

SHAREHOLDERS' FUNDS

1,716,638

1,564,749

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2025 and were signed on its behalf by:

C R Chandler - Director

1.	STATUTORY INFORMATION

Elmbury 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 as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents rental income from the Company's portfolio of residential investment properties, recharged utility and related costs, arising from Assured Shorthold Tenancies. The Company recognises such revenue on a straight line accruals basis.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment 33% straight line

Plant and machinery 25% reducing balance

Investments in associates

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Profit and Loss Account.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year. If not, they are presented as creditors falling due after more than one year. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 April 2024

-

299

Additions

375

-

375

At 31 March 2025

375

299

674

DEPRECIATION

At 1 April 2024

-

299

Charge for year

94

-

94

At 31 March 2025

94

299

393

NET BOOK VALUE

At 31 March 2025

281

-

281

At 31 March 2024

-

5.	FIXED ASSET INVESTMENTS

Interest

in

subsidiary

£

COST

At 1 April 2024

1,098,720

Disposals

(1,098,720

)

At 31 March 2025

-

PROVISIONS

At 1 April 2024

1,098,720

Eliminated on disposal

(1,098,720

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,492,000

Revaluations

162,000

At 31 March 2025

1,654,000

NET BOOK VALUE

At 31 March 2025

1,654,000

At 31 March 2024

1,492,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

165,817

Valuation in 2023

105,000

Valuation in 2024

22,000

Valuation in 2025

162,000

Cost

1,199,183

1,654,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

4,956

3,931

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Taxation and social security

3,284

5,889

Other creditors

14,519

14,276

17,803

20,165

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

237,375

Revaluation of investment

property

131,220

At 31 March 2025

368,595

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

C R Chandler

Balance outstanding at start of year

-

Amounts advanced

13

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

13

-