REGISTERED NUMBER: 03035292 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ELDERGRANGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S A Hall

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

03035292 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

3,099,966

3,729,966

3,099,966

3,729,966

CURRENT ASSETS

Stocks

97,897

68,526

Debtors

6

1,374,551

1,284,584

Cash at bank

4,717

26,099

1,477,165

1,379,209

CREDITORS

Amounts falling due within one year

7

535,795

413,429

NET CURRENT ASSETS

941,370

965,780

TOTAL ASSETS LESS CURRENT LIABILITIES

4,041,336

4,695,746

CREDITORS

Amounts falling due after more than one year

8

(2,175,000

)

(2,941,258

)

PROVISIONS FOR LIABILITIES

10

(114,619

)

(219,909

)

NET ASSETS

1,751,717

1,534,579

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

12

1,751,715

1,534,577

SHAREHOLDERS' FUNDS

1,751,717

1,534,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 December 2025 and were signed by:

Mr S A Hall - Director

1.	STATUTORY INFORMATION

Eldergrange 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings and equipment

-

25% straight line

Investment property

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.

Stocks and work in

progress

Stock and work in progress represents development costs and are valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Government grants

Government grants represents income received in the form of small business grant fund (SBGF) from the Government during the COVID-19 pandemic. The Government Grant also represents the first year of interest for the company on the Bounce Back Loan (BBL) received during the year.

The grants are recognised on the accruals basis in the same period as the expenditure that it is expected to compensate for.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

and

equipment

£

COST

At 1 April 2024

and 31 March 2025

27,885

DEPRECIATION

At 1 April 2024

and 31 March 2025

27,885

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

3,729,966

Disposals

(630,000

)

At 31 March 2025

3,099,966

NET BOOK VALUE

At 31 March 2025

3,099,966

At 31 March 2024

3,729,966

Fair value at 31 March 2025 is represented by:

£

Valuation in 2014

458,478

Cost

2,641,488

3,099,966

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

3,909

-

Other debtors

17,500

17,500

Amount owed by related companies

1,353,142

1,184,736

Director current account

-

82,348

1,374,551

1,284,584

Amounts owed by related companies:

2025

2024

£

£

Jobbawoc Holdings Ltd

570,452

291,025

Eldergrange Investments Ltd

782,690

-

Total 2025

1,353,142

291,025

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 9)

15,367

26,429

Corporation tax

76,178

-

Other creditors

395,000

375,000

Director current account

3,450

-

Accrued expenses

45,800

12,000

535,795

413,429

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 9)

2,175,000

2,941,258

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans over 5 years

2,175,000

2,941,258

The bank loan is secured by a debenture over the company assets, and a first charge over the investment properties. The interest on the loan is charged at a variable rate of interest.

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

15,367

26,429

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans over 5 years

2,175,000

2,941,258

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

114,619

219,909

Deferred

tax

£

Balance at 1 April 2024

219,909

Provided during year

(105,290

)

Balance at 31 March 2025

114,619

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

£1

2

2

12.

RESERVES

RETAINED EARNINGS

Allocation of retained earnings comprises of:

£

Distributable reserves

1,407,857

Non distributable reserves

343,858

1,751,715