ECV 10 CONNAUGHT LIMITED

Company Registration Number:
09157288 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

ECV 10 CONNAUGHT LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

ECV 10 CONNAUGHT LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 7,283,981 7,283,981
Total fixed assets: 7,283,981 7,283,981
Current assets
Debtors: 4 3,165,873 2,906,318
Total current assets: 3,165,873 2,906,318
Creditors: amounts falling due within one year: 5 (29,881) (103,171)
Net current assets (liabilities): 3,135,992 2,803,147
Total assets less current liabilities: 10,419,973 10,087,128
Creditors: amounts falling due after more than one year: 6 (10,506,962) (10,888,979)
Total net assets (liabilities): (86,989) (801,851)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (86,990) (801,852)
Shareholders funds: (86,989) (801,851)

The notes form part of these financial statements

ECV 10 CONNAUGHT LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2025
and signed on behalf of the board by:

Name: VOSS, Christopher Matthew
Status: Director

The notes form part of these financial statements

ECV 10 CONNAUGHT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognized at the fair value of rental income earned in the normal course of business, and it shown net of VAT and other sales related taxes.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is recognized so as to write off the cost of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 33% straight line

Other accounting policies

Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value as the reporting end date. The surplus or deficit on revaluation is recognized in the profit and loss accounts.

ECV 10 CONNAUGHT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

ECV 10 CONNAUGHT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 7,283,981
At 31 December 2024 7,283,981
Net book value
At 31 December 2024 7,283,981
At 31 December 2023 7,283,981

ECV 10 CONNAUGHT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 3,165,873 2,906,318

The intercompany balance consists of a loan of £2,302,831 to Elutions Limited with an annual interest rate of 3.85%, and of a loan of £863,042 to Elutions Services Limited.

ECV 10 CONNAUGHT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year as at 1 January 2024 are represented as Trade creditors of £8,160 and Other creditors £95,011; as at 31 December 2024 as Trade creditors of £8,732 and Other creditors £21,149.

ECV 10 CONNAUGHT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due after more than one year note

Creditors: amounts falling due after more than one year as at 1 January 2024 are represented as Amounts owed to group undertakings of £8,647,189 and Other creditors of £2,241,790; as at 31 December 2024 as Amounts owed to group undertakings of £8,265,172 and Other creditors of £2,241,790. Other creditors balance consists of a mortgage loan of £2,241,790 from Charles Street Commercial Investments Limited under the Deed dated 22/08/2022. This loan is repayable in 59 monthly instalments. The loan is on a variable interest rate. On 22/11/2023, the interest rate was changed from 9.80% to 10.80% and remains the same on 31/12/2024. The security is 1st charge over 10 Connaught Square, London, W2 2HG, United Kingdom. The facility loan was received by the related party Elutions LTD. Associated intercompany receivable amounts are disclosed in Note 4.