Earthlight Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12181770 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EARTHLIGHT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J J Rolf

REGISTERED OFFICE:

35 Warwick Park

Tunbridge Wells

United Kingdom

TN2 5TA

REGISTERED NUMBER:

12181770 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Tangible assets

4

6,476

4,852

Investment property

5

797,875

804,351

802,727

CURRENT ASSETS

Debtors

6

4,261

4,818

Cash at bank

1,379

7,704

5,640

12,522

CREDITORS

Amounts falling due within one year

7

510,193

550,014

NET CURRENT LIABILITIES

(504,553

)

(537,492

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

299,798

265,235

CREDITORS

Amounts falling due after more than one
year

8

(235,096

)

(236,850

)

PROVISIONS FOR LIABILITIES

10

(5,276

)

(1,437

)

NET ASSETS

59,426

26,948

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

59,326

26,848

SHAREHOLDERS' FUNDS

59,426

26,948

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

J J Rolf - Director

1.	STATUTORY INFORMATION

Earthlight Ltd 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

The validity of the going concern basis depends upon the continued support of the company director.

Turnover

Turnover is measured at the fair value of rent receivable from property letting in the period.

Tangible fixed assets

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

Plant & machinery

-

20% on cost

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.

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 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant &

machinery

£

COST

At 1 January 2024

24,253

Additions

8,096

At 31 December 2024

32,349

DEPRECIATION

At 1 January 2024

19,401

Charge for year

6,472

At 31 December 2024

25,873

NET BOOK VALUE

At 31 December 2024

6,476

At 31 December 2023

4,852

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

797,875

NET BOOK VALUE

At 31 December 2024

797,875

At 31 December 2023

797,875

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

27,767

Cost

770,108

797,875

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Prepayments

4,261

4,818

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

1,768

1,685

Trade creditors

6,249

Tax

11,233

6,114

Directors' loan accounts

489,037

534,060

Accruals and deferred income

706

Accrued expenses

1,200

510,193

550,014

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans - 1-2 years

1,855

1,768

Bank loans - 2-5 years

6,128

5,668

Bank loans more 5 yr by instal

5,113

7,414

Bank loans more 5 yrs non-inst

222,000

235,096

236,850

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

222,000

Repayable by instalments

Bank loans more 5 yr by instal

5,113

7,414

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

236,864

238,535

The bank loan is secured by fixed and floating charges over the property and other assets.of the company.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

Deferred tax losses

-

(3,839

)

Investment fair value movement

5,276

1,437

Deferred

tax

£

Balance at 1 January 2024

1,437

Investment fair value

On losses

3,839

Balance at 31 December 2024

5,276