Company No: 08830526 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025		29.02.2024
		£		£
Fixed assets
Tangible assets	3	416,772		0
		416,772		0
Creditors: amounts falling due within one year	4	( 416,721)		( 53)
Net current liabilities		(416,721)		(53)
Total assets less current liabilities		51		(53)
Accruals and deferred income		( 750)		0
Net liabilities		( 699)		( 53)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 799 )		( 153 )
Total shareholders' deficit		( 699)		( 53)

For the financial period ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Elms Farm Estates Ltd (registered number: 08830526) were approved and authorised for issue by the Board of Directors on 20 October 2025. They were signed on its behalf by:

M J Bullock Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Elms Farm Estates Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Elms Farm Upper Tockington Road, Tockington, Bristol, BS32 4LQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The reporting period for the current year has been extended by one month from 28 February 2025 to 31 March 2025, and covers the 13 months from 1 March 2024 to 31 March 2025.

Change in accounting policies

In the current period, the following new and revised standards and interpretations have been adopted by the company and have had an effect on future periods.

Due to a change of the principal activity of the business, the company accounts are now being prepared using FRS102 1A, previously FRS 105.

Turnover

Turnover comprises the rental amounts due on the investment properties held in the period. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of rent can be reliably measured;
It is confirmed that the rent is due to the entity.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property	not depreciated
Fixtures and fittings	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	Period from 01.03.2024 to 31.03.2025		Year ended 29.02.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	3		2

3. Tangible assets

	Investment property		Fixtures and fittings		Total
	£		£		£
Cost
At 01 March 2024	0		0		0
Additions	415,466		1,351		416,817
At 31 March 2025	415,466		1,351		416,817
Accumulated depreciation
At 01 March 2024	0		0		0
Charge for the financial period	0		45		45
At 31 March 2025	0		45		45
Net book value
At 31 March 2025	415,466		1,306		416,772
At 29 February 2024	0		0		0

4. Creditors: amounts falling due within one year

	31.03.2025		29.02.2024
	£		£
Amounts owed to connected companies	414,815		0
Amounts owed to directors	54		53
Other creditors	1,852		0
	416,721		53

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.