REGISTERED NUMBER: 06648382 (England and Wales)

Estel Property Investments Limited

Financial Statements for the Year Ended 31st December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Danson

REGISTERED OFFICE:

John Carpenter House

John Carpenter Street

London

EC4Y 0AN

REGISTERED NUMBER:

06648382 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

CURRENT ASSETS

Debtors

5

5,070,953

5,108,202

Cash at bank

1,499

276

5,072,452

5,108,478

CREDITORS

Amounts falling due within one year

6

374,347

407,381

NET CURRENT ASSETS

4,698,105

4,701,097

TOTAL ASSETS LESS CURRENT LIABILITIES

4,698,105

4,701,097

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

4,697,105

4,700,097

SHAREHOLDERS' FUNDS

4,698,105

4,701,097

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 24th September 2025 and were signed by:

P Danson - Director

1.	STATUTORY INFORMATION

Estel Property Investments 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.

Going concern

Following the sale of the company's investment property in a prior year and the winding down of other investment activities, the director intends to apply for voluntary strike off under S1003 of the Companies Act 2006. Accordingly the director does not consider the company to be a going concern. As a consequence these financial statements have been prepared on a basis other than going concern.

Tangible fixed assets

All fixed assets other than investment properties are initially recorded at cost. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures, fittings and equipment - 20%

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

and 31st December 2024

194,424

DEPRECIATION

At 1st January 2024

and 31st December 2024

194,424

NET BOOK VALUE

At 31st December 2024

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

5,904

-

Amounts owed by group undertakings

4,069,100

4,082,257

Other debtors

1,392

5,727

Amounts owed by related parties

993,399

1,019,060

Prepayments and accrued income

1,158

1,158

5,070,953

5,108,202

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1

1

Amounts owed to group undertakings

184,868

217,902

Amounts owed to related parties

189,438

189,438

Accruals and deferred income

40

40

374,347

407,381

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary shares of £1 each

£1

1,000

1,000

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

9.	RELATED PARTY DISCLOSURES

Amounts due to related parties at 31 December 2024 includes £188,752 (2023 £188,752) due to Michael Danson.

10.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is Estel Media Holdco Limited, which is the smallest and largest group in which the company's results are consolidated.The registered office is Studio 5 Salters House, 156 High Street, Hull, HU1 1NQ.

Michael Danson is the ultimate controlling party through his 100% shareholding of Estel Media Holdco Limited.