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COMPANY REGISTRATION NUMBER: 05778008

ELDERCLIFF LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

ELDERCLIFF LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

| 2025 | 2024
Note | £ | £ | £ | £

FIXED ASSETS

Investment Properties | 4 |  | 10,471,818 |  | 8,058,692

CURRENT ASSETS

Debtors | 5 | 7,906 |  | 1,154 |
Cash at bank and in hand | 125,757 |  | 132,801 |
| --------- |  | --------- |
| 133,663 |  | 133,955 |

CREDITORS: amounts falling due within one year | 6 | ( 1,830,745) |  | ( 575,748) |
| ------------ |  | --------- |
NET CURRENT LIABILITIES |  | ( 1,697,082) |  | ( 441,793)
|  | ------------- |  | ------------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 8,774,736 |  | 7,616,899

CREDITORS: amounts falling due after more than one year | 7 |  | ( 5,790,785) |  | ( 4,855,854)
|  | ------------ |  | ------------
NET ASSETS |  | 2,983,951 |  | 2,761,045
|  | ------------ |  | ------------

CAPITAL AND RESERVES

Called up share capital |  | 3 |  | 3
Share premium account |  | 3,075,308 |  | 3,075,308
Profit and loss account |  | ( 91,360) |  | ( 314,266)
|  | ------------ |  | ------------
SHAREHOLDERS FUNDS |  | 2,983,951 |  | 2,761,045
|  | ------------ |  | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year 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 year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ELDERCLIFF LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 8 December 2025 , and are signed on behalf of the board by:

I S L Gilman
Director

Company registration number: 05778008

ELDERCLIFF LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 37 Otley Road, Leeds, LS6 3ABL, West Yorkshire.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of rents received, exclusive of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its open market value at each reporting date and any changes in value are recognised in the statement of income and retained earnings.
Financial instruments
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 and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. INVESTMENT PROPERTIES

| Land and buildings
| £
Cost |
At 1 April 2024 | 8,058,692
Additions | 2,413,126
| -------------
At 31 March 2025 | 10,471,818
| -------------
Depreciation |
At 1 April 2024 and 31 March 2025 | –
| -------------
Carrying amount |
At 31 March 2025 | 10,471,818
| -------------
At 31 March 2024 | 8,058,692
| -------------

The market value of investment properties held as at 31st March 2025 have been calculated by the director, and have been valued at open market value
5. DEBTORS

| 2025 | 2024
| £ | £
Other debtors | 7,906 | 1,154
| ------- | -------

6. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 430,164 | 281,094
Corporation tax | 74,261 | 26,602
Social security and other taxes | 2,785 | 1,461
Other creditors | 1,306,145 | 260,541
Other creditors | 17,390 | 6,050
| ------------ | ---------
| 1,830,745 | 575,748
| ------------ | ---------

7. CREDITORS: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 5,790,785 | 4,855,854
| ------------ | ------------