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REGISTERED NUMBER: 02328867 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

Elstream Developments Ltd

| Elstream Developments Ltd (Registered number: 02328867) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Elstream Developments Ltd |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | Mrs A Torjussen

| D Matthews

| T M Torjussen

| Ms A L Torjussen-Bate

| REGISTERED OFFICE: | Sherwood House

| 41 Queens Road

| Farnborough

| Hants

| GU14 6JP

| REGISTERED NUMBER: | 02328867 (England and Wales)

| ACCOUNTANTS: | Jones & Co

| Sherwood House

| 41 Queens Road

| Farnborough

| Hants

| GU14 6JP

| Elstream Developments Ltd (Registered number: 02328867) |

BALANCE SHEET

31 MARCH 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 204 |  | 255 |  |

Investment property | 5 | 2,308,274 |  | 2,305,524 |  |

2,308,478 |  | 2,305,779 |  |

CURRENT ASSETS

Debtors | 6 | 19,834 |  | 4,020 |  |

Cash at bank | 260,196 |  | 278,122 |  |

280,030 |  | 282,142 |  |

CREDITORS

Amounts falling due within one year | 7 | 225,764 |  | 193,130 |  |

NET CURRENT ASSETS | 54,266 |  | 89,012 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,362,744 |  | 2,394,791 |  |

PROVISIONS FOR LIABILITIES | 293,571 |  | 293,571 |  |

NET ASSETS | 2,069,173 |  | 2,101,220 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Fair value reserve | 8 | 1,433,418 |  | 1,433,418 |  |

Retained earnings | 634,755 |  | 666,802 |  |

SHAREHOLDERS' FUNDS | 2,069,173 |  | 2,101,220 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 11 October 2025 and were signed on its behalf by:

Mrs A Torjussen - Director

| Elstream Developments Ltd (Registered number: 02328867) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Elstream Developments 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.

| Turnover

| Turnover represents rental income net of VAT. Income is recognised when due under the terms of leases.

| Tangible fixed assets

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

| Office equipment | - | 20% on reducing balance

| Investment property

| Investment property is not depreciated and shown at fair value less deferred tax. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Taxation

| Taxation for the year comprises current tax 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 fair value adjustments to the valuation of investment properties.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

4. | TANGIBLE FIXED ASSETS

| Office

| equipment

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 624 |  |

| DEPRECIATION

| At 1 April 2024 | 369 |  |

| Charge for year | 51 |  |

| At 31 March 2025 | 420 |  |

| NET BOOK VALUE

| At 31 March 2025 | 204 |  |

| At 31 March 2024 | 255 |  |

| Elstream Developments Ltd (Registered number: 02328867) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 2,305,524 |  |

| Additions | 2,750 |  |

| At 31 March 2025 | 2,308,274 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,308,274 |  |

| At 31 March 2024 | 2,305,524 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2016 | 980,988 |  |

| Valuation in 2023 | 746,000 |  |

| Cost | 581,286 |  |

2,308,274 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 581,286 |  | 573,012 |  |

| Investment property was valued on an open market basis on 31 March 2025 by the directors .

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 4,350 |  | 3,490 |  |

| Other debtors | 15,484 |  | 530 |  |

19,834 |  | 4,020 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 2,915 |  | 1,051 |  |

| Amounts owed to group undertakings | 188,776 |  | 161,548 |  |

| Taxation and social security | 25,285 |  | 11,905 |  |

| Other creditors | 8,788 |  | 18,626 |  |

225,764 |  | 193,130 |  |

8. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 April 2024

| and 31 March 2025 | 1,433,418 |  |

| Elstream Developments Ltd (Registered number: 02328867) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

9. | RELATED PARTY DISCLOSURES

| Bridges Trading Company Limited, a company controlled by the the directors, occupies rent-free one of the properties owned by this company.