REGISTERED NUMBER: 11313565 (England and Wales)

4 ELMS PROPERTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

9,112

3,929

Investment property

5

223,480

223,480

232,592

227,409

CURRENT ASSETS

Debtors

6

241

901

Cash at bank

866

5,911

1,107

6,812

CREDITORS

Amounts falling due within one year

7

68,568

63,868

NET CURRENT LIABILITIES

(67,461

)

(57,056

)

TOTAL ASSETS LESS CURRENT LIABILITIES

165,131

170,353

CREDITORS

Amounts falling due after more than one year

8

163,237

163,929

NET ASSETS

1,894

6,424

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,794

6,324

1,894

6,424

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 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 18 November 2025 and were signed on its behalf by:

M L Williams - Director

1.	STATUTORY INFORMATION

4 Elms Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11313565

Registered office:

10 Lon Brydwen

Gorseinon

Swansea

SA4 6RH

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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.

Taxation

Taxation for the year comprises current 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2024

3,749

200

335

4,284

Additions

5,203

-

-

5,203

At 31 March 2025

8,952

200

335

9,487

DEPRECIATION

At 1 April 2024

-

20

335

355

Charge for year

-

20

-

20

At 31 March 2025

-

40

335

375

NET BOOK VALUE

At 31 March 2025

8,952

160

-

9,112

At 31 March 2024

3,749

180

-

3,929

5.	INVESTMENT PROPERTY

The original property acquired was revalued by the lender for mortgage purposes at a value of £108,000. The directors have decided not to reflect this increase in value in the fixed assets due to the current economic climate and the position that property values may reduce in the future. A second property was acquired in the previous year and is shown at the cost of acquisition.

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Prepayments

241

266

Amounts falling due after more than one year:

Tenant deposit

-

635

Aggregate amounts

241

901

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,631

523

Tax

143

1,183

Directors' current accounts

64,575

60,708

Deferred income

560

792

Accrued expenses

659

662

68,568

63,868

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans (see note 9)

163,237

163,294

Tenant deposit scheme

-

635

163,237

163,929

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

163,237

163,294

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

163,237

163,294

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Investment property

163,237

163,294

The properties included in Fixed Assets are subject to a first charge levied by The Mortgage Works.