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Registered number: 04074127
ELDINGTON HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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ELDINGTON HOLDINGS LIMITED
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CONTENTS
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Notes to the financial statements
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ELDINGTON HOLDINGS LIMITED
REGISTERED NUMBER:04074127
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BALANCE SHEET
AS AT 31 MARCH 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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1
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ELDINGTON HOLDINGS LIMITED
REGISTERED NUMBER:04074127
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BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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G A Lee
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The notes on pages 3 to 7 form part of these financial statements.
2
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ELDINGTON HOLDINGS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The principal activity of the company continued to be that of a holding company. The principal activities of the group continued to be that of general property development, investment, management and trading.
The company is a private company limited by shares and is registered in England and Wales. The address of its registered office and its principal place of business is Grove Lodge, 287 Regents Park Road, London, N3 3JY.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company is the parent undertaking of a small group and as such is not required by the Company Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.
The company's functional and presentational currency is pound sterling.
The following principal accounting policies have been applied:
Turnover comprises:
∙Gross rental income receivable from investment properties;
∙The value of development work in progress sold; and
∙Fees from management of properties.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Interest income is recognised in the profit and loss account using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
3
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ELDINGTON HOLDINGS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Short-term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans from and to related parties and investments in ordinary shares.
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The average monthly number of employees, including directors, during the year was 4 (2024 - 4).
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4
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ELDINGTON HOLDINGS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Investments in subsidiary companies
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The following were subsidiary undertakings of the company:
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Kerrington Property Services Limited*
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Kerrington (Grove Lodge) Limited*
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Newark Property Development Limited*
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Longfield Investment Limited*
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Sentinal Properties Limited*
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Holloway Birmingham Limited*
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Finchley Road Properties Limited*
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Amicrest Holdings Limited*
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Property development, investment and trading
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5
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ELDINGTON HOLDINGS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Amounts owed by group undertakings
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Bank loans and overdrafts are secured by a fixed and floating charge over the assets of the group.
The bank loan is secured by the first legal mortgage charge over the freehold property and by a capital guarantee from a company under common control of £150,000.
There are cross guarantees between the following companies, of which G A Lee is a director:
Eldington Holdings Limited, Vista Estates Ltd and Fletcher Gate Limited.
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Creditors: Amounts falling due after more than one year
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6
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ELDINGTON HOLDINGS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Analysis of the maturity of loans is given below:
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Amounts falling due 1-2 years
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Amounts falling due 2-5 years
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Allotted, called up and fully paid
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2 Ordinary shares of £1.00 each
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There are no restrictions on the distribution of dividends and the repayment of capital.
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Related party transactions
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No disclosure has been made of transactions with wholly owned group companies in accordance with FRS102 Section 1A paragraph 1AC.35.
During the year, the company recharged £NIL (2024 - £238,929) to Hilby Limited, a subsidiary company, in respect of bank loan arrangement fees and bank interest.
At the year end, the company was owed £500,000 (2024 - £500,000) by Fletcher Gate Limited, a subsidiary company.
At the year end, the company was owed £48,679 (2024 - £84,679) by Finchley Road Properties Limited, a subsidiary company.
At the year end, the company owed £64,730 (2024 - £6,670) to Islandpost Limited, a subsidiary company.
Kerrington Limited owns 50% of the issued share capital of the above companies. The loan amounts are interest free and repayable on demand.
At the year end, the company owed £46,007 (2024 - £1,913) to Kerrington Property Services Limited, a subsidiary company.
During the year, the company made recharges of £240,000 (2024 - £240,000) to Kerrington Limited and paid total of £364,002 (2024 - £315,081 received). At the year end, the company owed £4,696,606 (2024 - £5,298,063) to Kerrington Limited.
At the year end, the company owed £1,125,913 (2024 - £976,941) to G A Lee, a director.
At the year end, £624,119 (2024 - £624,119) was owed by a close family member of a director. The
loan is interest free and repayable on demand.
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7
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