Registration number: 01835570

ELSFAL Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

ELSFAL Limited

(Registration number: 01835570)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	5	-	230,000
Current assets
Debtors	6	-	25
Cash at bank and in hand		216,289	7,183
		216,289	7,208
Creditors: Amounts falling due within one year	7	(16,570)	(14,076)
Net current assets/(liabilities)		199,719	(6,868)
Net assets		199,719	223,132
Capital and reserves
Called up share capital		3,042	3,042
Revaluation reserve		-	63,318
Retained earnings		196,677	156,772
Shareholders' funds		199,719	223,132

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 October 2025
 

......................................... I Smith Director

ELSFAL Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Ashley Drive
Twickenham
TW2 6HW
United Kingdom

These financial statements were authorised for issue by the director on 27 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The directors have assessed the company’s financial position and confirm that it remains solvent, with sufficient assets to meet all liabilities as they fall due. However the board has resolved to voluntarily cease trading and initiate a liquidation process.

As a result, the financial statements have not been prepared on a going concern basis. Instead, they have been prepared on a liquidation basis, which reflects the anticipated realisable values of assets and the expected settlement of liabilities during the course of the winding-up. This approach provides a more appropriate representation of the company’s financial position in light of its planned cessation of operations.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

ELSFAL Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	33% Straigt Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2024 - 1).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 March 2024	250	250
At 28 February 2025	250	250
Depreciation
At 1 March 2024	250	250
At 28 February 2025	250	250
Carrying amount
At 28 February 2025	-	-

5	Investment properties

	2025 £
At 1 March	230,000
Disposals	(230,000)
At 28 February	-

There has been no valuation of investment property by an independent valuer.

ELSFAL Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6

Debtors

Current	2025 £	2024 £
Other debtors	-	25
	-	25

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	8,538	8,538
Trade creditors		-	205
Taxation and social security		6,232	2,262
Accruals and deferred income		1,800	3,071
		16,570	14,076

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	8,538	8,538