REGISTERED NUMBER: 00820106 (England and Wales)

ERNLEY PROPERTY INVESTMENT CO. LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D R Edgley

Mrs J I Edgley

SECRETARY:

Mr D R Edgley

REGISTERED OFFICE:

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT

REGISTERED NUMBER:

00820106 (England and Wales)

ACCOUNTANTS:

Shaw Gibbs Limited

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT

FIXED ASSETS

Tangible assets

4

6,299,500

6,299,667

Investments

5

4,032,264

3,838,761

10,331,764

10,138,428

CURRENT ASSETS

Debtors

6

162,379

127,323

Cash at bank

2,063,712

1,865,407

2,226,091

1,992,730

CREDITORS

Amounts falling due within one year

7

(1,408,815

)

(1,378,618

)

NET CURRENT ASSETS

817,276

614,112

TOTAL ASSETS LESS CURRENT LIABILITIES

11,149,040

10,752,540

PROVISIONS FOR LIABILITIES

8

(667,846

)

(649,599

)

NET ASSETS

10,481,194

10,102,941

CAPITAL AND RESERVES

Called up share capital

150

150

Other reserves

9

2,468,545

-

Retained earnings

9

8,012,499

10,102,791

SHAREHOLDERS' FUNDS

10,481,194

10,102,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 12 December 2025 and were signed on its behalf by:

Mr D R Edgley - Director

1.	STATUTORY INFORMATION

Ernley Property Investment Co. Limited 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

Tangible fixed assets

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price.

Such assets are subsequently carried at fair value and the changes in fair value are recognised in the profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is 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 all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Other reserves

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Computer

property

equipment

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

6,299,500

667

6,300,167

DEPRECIATION

At 1 January 2024

-

500

500

Charge for year

-

167

167

At 31 December 2024

-

667

667

NET BOOK VALUE

At 31 December 2024

6,299,500

-

6,299,500

At 31 December 2023

6,299,500

167

6,299,667

Cost or valuation at 31 December 2024 is represented by:

Freehold

Computer

property

equipment

Totals

£

£

£

Valuation in 1997

268,341

-

268,341

Valuation in 2004

1,363,928

-

1,363,928

Valuation in 2008

1,119,151

-

1,119,151

Valuation in 2013

47,750

-

47,750

Valuation in 2015

840,776

-

840,776

Valuation in 2017

373,576

-

373,576

Valuation in 2021

141,000

-

141,000

Valuation in 2022

(949,000

)

-

(949,000

)

Valuation in 2023

(500,500

)

-

(500,500

)

Cost

3,594,478

667

3,595,145

6,299,500

667

6,300,167

If freehold property had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

3,594,478

3,594,478

Freehold properties were valued on an open market basis by the Directors as at 31 December 2024.

5.	FIXED ASSET INVESTMENTS

2024

2023

£

£

Other investments

4,032,264

3,838,761

Additional information is as follows:

Other

investments

£

COST OR VALUATION

At 1 January 2024

3,777,471

Additions

923,626

Disposals

(818,936

)

Revaluations

100,561

At 31 December 2024

3,982,722

NET BOOK VALUE

At 31 December 2024

3,982,722

At 31 December 2023

3,777,471

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2021

505,053

Valuation in 2022

(371,839

)

Valuation in 2023

197,594

Valuation in 2024

100,561

Cost

3,551,353

3,982,722

Investments (neither listed nor unlisted) were as follows:

2024

2023

£

£

Rathbones Deposit a/c

49,542

61,290

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

4,579

5,106

Rent statement

156,548

121,903

Prepayments

1,252

314

162,379

127,323

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade Creditors

-

11,388

Tax

96,927

62,596

VAT

24,124

30,364

Other creditors

25,402

25,402

Balance due to WSBE Ltd

1,221,899

1,204,049

Accrued expenses

40,463

44,819

1,408,815

1,378,618

The balance of £1,221,899 is due to West Surrey Building Estates Limited, a company under the control of the directors. The loan is considered to be repayable on demand and has been provided interest free.

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

667,846

649,599

Deferred

tax

£

Balance at 1 January 2024

649,599

Provided during year

18,247

Balance at 31 December 2024

667,846

9.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1 January 2024

10,102,791

-

10,102,791

Profit for the year

378,253

378,253

Transfer unrealised gain

(2,468,545

)

2,468,545

-

At 31 December 2024

8,012,499

2,468,545

10,481,044

The balance on "Other reserves" represents unrealised gains on freehold property and fixed asset investments net of any associated deferred taxation liability, and is not distributable.

10.	RELATED PARTY DISCLOSURES