REGISTERED NUMBER: 00957055 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Ellward Estates Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

H J Michaels

REGISTERED OFFICE:

73 Eastbury Road

Northwood

Middlesex

HA6 3AP

REGISTERED NUMBER:

00957055 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,133,804

1,148,272

Investments

5

14,356

14,356

1,148,160

1,162,628

CURRENT ASSETS

Debtors

6

394,560

645,241

Cash at bank

1,187

4,098

395,747

649,339

CREDITORS

Amounts falling due within one year

7

131,186

129,446

NET CURRENT ASSETS

264,561

519,893

TOTAL ASSETS LESS CURRENT LIABILITIES

1,412,721

1,682,521

CREDITORS

Amounts falling due after more than one year

8

928,220

1,130,846

NET ASSETS

484,501

551,675

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

704,750

704,750

Retained earnings

(220,349

)

(153,175

)

SHAREHOLDERS' FUNDS

484,501

551,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2025 and were signed by:

H J Michaels - Director

1.	STATUTORY INFORMATION

Ellward Estates 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Basis of exemption to not prepare group accounts

The financial statements present the information about the company as an individual undertaking and not about its group undertaking, in accordance to the small companies exemption under CA 1985 section 249.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

1,444,300

22,090

1,466,390

DEPRECIATION

At 1 January 2024

296,126

21,992

318,118

Charge for year

14,443

25

14,468

At 31 December 2024

310,569

22,017

332,586

NET BOOK VALUE

At 31 December 2024

1,133,731

73

1,133,804

At 31 December 2023

1,148,174

98

1,148,272

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

14,356

NET BOOK VALUE

At 31 December 2024

14,356

At 31 December 2023

14,356

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

394,560

645,241

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

131,186

129,446

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

470,734

667,169

Amounts owed by group undertaking

457,486

463,677

928,220

1,130,846

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Mrs S. F. Michaels

112,522

112,522

Bank loan

470,734

667,169

583,256

779,691

These loans are secured by way of legal charge of the freehold property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

704,750

12.	ULTIMATE CONTROLLING PARTY

As at the balance sheet date the company is under the joint control of its shareholders, Mr H. Michaels (Company Director), Mr G. Michaels (Company Secretary), Mr J. Michaels and Mrs S.Peterson.