REGISTERED NUMBER: 09880036 (England and Wales)

Financial Statements

for the Year Ended 28 February 2025

for

ELK Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Barnes

Mrs S Barnes

REGISTERED OFFICE:

140 Rayne Road

Braintree

Essex

CM7 2QR

REGISTERED NUMBER:

09880036 (England and Wales)

ACCOUNTANTS:

Baverstocks Group Limited

140 Rayne Road

Braintree

Essex

CM7 2QR

FIXED ASSETS

Investment property

4

147,500

140,000

CURRENT ASSETS

Debtors

5

802

802

Cash at bank

2,528

2,080

3,330

2,882

CREDITORS

Amounts falling due within one year

6

97,027

101,771

NET CURRENT LIABILITIES

(93,697

)

(98,889

)

TOTAL ASSETS LESS CURRENT LIABILITIES

53,803

41,111

PROVISIONS FOR LIABILITIES

3,980

2,555

NET ASSETS

49,823

38,556

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

7

16,969

10,894

Retained earnings

32,754

27,562

SHAREHOLDERS' FUNDS

49,823

38,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 18 September 2025 and were signed on its behalf by:

L Barnes - Director

1.	STATUTORY INFORMATION

ELK Property 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

140,000

Revaluations

7,500

At 28 February 2025

147,500

NET BOOK VALUE

At 28 February 2025

147,500

At 29 February 2024

140,000

The investment property is shown at its fair value at the Balance Sheet date as valued by the director, L Barnes.

Fair value at 28 February 2025 is represented by:

£

Valuation in 2017

126,551

Valuation in 2018

3,449

Valuation in 2020

10,000

Valuation in 2024

7,500

147,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

802

802

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

1,221

965

Directors' current accounts

94,924

99,924

Accrued expenses

882

882

97,027

101,771

7.

RESERVES

Fair

value

reserve

£

At 1 March 2024

10,894

Reserve transfer

6,075

At 28 February 2025

16,969

8.	RELATED PARTY DISCLOSURES

The directors initially lent the company £129,924 to purchase the investment property. The loan amounted to £94,924 at the balance sheet date and is shown as a creditor due within one year in the accounts. No interest is charged on this loan.