Company Registration No. 12988371 (England and Wales)
E&L Homes Limited
Unaudited accounts
for the year ended 30 November 2024
E&L Homes Limited
Unaudited accounts
Contents
E&L Homes Limited
Company Information
for the year ended 30 November 2024
Directors
Mohammad El Moudallal
Farah El Azhar
Company Number
12988371 (England and Wales)
Registered Office
Suite 22 95 Miles Road
Mitcham
CR4 3FH
England
Accountants
Adept Accountax Ltd
95 Miles Road
Mitcham
CR4 3FH
E&L Homes Limited
Statement of financial position
as at 30 November 2024
Tangible assets
474,854
459,352
Cash at bank and in hand
25,498
38,267
Creditors: amounts falling due within one year
(93,280)
(113,452)
Net current assets
28,290
34,897
Total assets less current liabilities
503,144
494,249
Creditors: amounts falling due after more than one year
(431,661)
(431,661)
Called up share capital
100
100
Profit and loss account
71,383
62,488
Shareholders' funds
71,483
62,588
For the year ending 30 November 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2025 and were signed on its behalf by
Mohammad El Moudallal
Director
Company Registration No. 12988371
E&L Homes Limited
Notes to the Accounts
for the year ended 30 November 2024
E&L Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 12988371. The registered office is Suite 22 95 Miles Road, Mitcham, CR4 3FH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 November 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
E&L Homes Limited
Notes to the Accounts
for the year ended 30 November 2024
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2023
459,352
-
459,352
Additions
13,500
2,139
15,639
At 30 November 2024
472,852
2,139
474,991
Charge for the year
-
137
137
At 30 November 2024
-
137
137
At 30 November 2024
472,852
2,002
474,854
At 30 November 2023
459,352
-
459,352
Amounts falling due within one year
Other debtors
96,072
110,082
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
50,000
Amounts owed to group undertakings and other participating interests
663
663
Taxes and social security
22,441
21,097
Loans from directors
64,211
36,355
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
431,661
431,661
Included in creditors is a sum totalling £64,211 (2023: £36,355) was due to the directors of the company.
E&L Homes Limited
Notes to the Accounts
for the year ended 30 November 2024
9
Transactions with related parties
Included within debtors falling due within one year is an amount of £25,746 (2023: £48,024) owed by a participating interest. This loan is interest-free and repayable on demand.
Included within creditors falling due within one year is an amount of £663 (2023: £663) owed to a participating interest. This loan is also interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 3 (2023: 2).