| Elements Property (London) Ltd |
| Registered number: |
13725403 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
4,438 |
|
|
6,657 |
| Investments |
4 |
|
|
447,500 |
|
|
447,500 |
|
|
|
|
451,938 |
|
|
454,157 |
|
| Current assets |
| Cash at bank and in hand |
|
|
1,373 |
|
|
2,023 |
|
| Creditors: amounts falling due within one year |
5 |
|
(7,069) |
|
|
(5,694) |
|
| Net current liabilities |
|
|
|
(5,696) |
|
|
(3,671) |
|
| Total assets less current liabilities |
|
|
|
446,242 |
|
|
450,486 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(479,999) |
|
|
(469,999) |
|
|
|
| Net liabilities |
|
|
|
(33,757) |
|
|
(19,513) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(33,759) |
|
|
(19,515) |
|
| Shareholders' funds |
|
|
|
(33,757) |
|
|
(19,513) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Clare Occomore |
| Director |
| Approved by the board on 8 December 2025 |
|
| Elements Property (London) Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable in respect of rental income |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 5 years |
|
|
Investments |
|
Investments relate to a residential property held for rental |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2024 |
11,095 |
|
At 31 March 2025 |
11,095 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
4,438 |
|
Charge for the year |
2,219 |
|
At 31 March 2025 |
6,657 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
4,438 |
|
At 31 March 2024 |
6,657 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2024 |
447,500 |
|
|
At 31 March 2025 |
447,500 |
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
7,069 |
|
5,694 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
- |
|
- |
|
Trade creditors |
314,999 |
|
314,999 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
165,000 |
|
155,000 |
|
|
|
|
|
|
479,999 |
|
469,999 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Elements Property (London) Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
39 Rowtown |
|
Addlestone |
|
Surrey |
|
KT15 1EJ |
|
| 8 |
Going Concern |
|
|
The accounts are prepared on a going concern |
basis as the balance of £155,000 owed in note |
|
6 will only be repaid when cash flow allows |