Company Registration No. 02082506 (England and Wales)
ELM VIEW (HOMES) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
Sobell Rhodes LLP
The Kinetic Centre
Theobald Street
Elstree
Borehamwood
Hertfordshire
WD6 4PJ
ELM VIEW (HOMES) LIMITED
CONTENTS
- 1 -
Page
Balance sheet
2
Statement of changes in equity
3
Notes to the financial statements
4 - 6
ELM VIEW (HOMES) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
250,000
250,000
Current assets
Debtors
4
170,844
174,703
Cash at bank and in hand
68,045
63,964
238,889
238,667
Creditors: amounts falling due within one year
5
(4,547)
(4,780)
Net current assets
234,342
233,887
Total assets less current liabilities
484,342
483,887
Provisions for liabilities
(61,808)
(61,808)
Net assets
422,534
422,079
Capital and reserves
Called up share capital
6
1,000
1,000
Other reserves
191,848
191,848
Profit and loss reserves
229,686
229,231
Total equity
422,534
422,079

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 23 December 2025 and are signed on its behalf by:
Mr C Jackson
Director
Company registration number 02082506 (England and Wales)
ELM VIEW (HOMES) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 April 2023
1,000
194,532
228,941
424,473
Year ended 31 March 2024:
Loss
-
-
(2,394)
(2,394)
Other comprehensive income:
Movement on revaluation
-
(2,684)
-
0
(2,684)
Total comprehensive income
-
(2,684)
(2,394)
(5,078)
Transfers
-
-
2,684
2,684
Balance at 31 March 2024
1,000
191,848
229,231
422,079
Year ended 31 March 2025:
Profit and total comprehensive income
-
-
455
455
Balance at 31 March 2025
1,000
191,848
229,686
422,534
ELM VIEW (HOMES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:

The Kinetic Centre

Theobald Street

Elstree

Borehamwood

WD6 4PJ

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors have a reasonable expectation the company will continue to have adequate resources to fund its working capital for the foreseeable future. The directors have carried out a detailed assessment of the viability of the company following to uncertainty over current economic condition due to higher inflation and higher inter interest rate rises. true

As a result of their review, the directors have taken appropriate measures to enable them to have a reasonable expectation that the company will have sufficient working capital for a period of at least 12 months from the date these financial statements have been approved.

On the basis of the above, the directors are of the opinion that there is no material uncertainty relating to going concern and therefore it is appropriate to prepare these financial statements on a going concern basis.

1.3
Turnover

Turnover comprises of amounts receivable from property rentals.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

1.4
Investment properties

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss.

ELM VIEW (HOMES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
ELM VIEW (HOMES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
250,000

Investment properties were valued by the directors at fair value as at 31 March 2025.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,663
2,663
Amounts owed by group undertakings
168,181
172,040
170,844
174,703
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,050
-
0
Corporation tax
107
68
Deferred income
1,091
1,312
Other creditors
481
1,669
Accruals and deferred income
1,818
1,731
4,547
4,780
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
7
Directors' transactions

At the balance sheet date, the amount due to the directors was £4 81 (2024 - £ 1,669) This loan was provided interest free and repayable upon demand.

8
Parent company

At the balance sheet date the amount due from the parent company was £16 8,180 (2024 - £172,0 40). This loan was provided interest free and repayable upon demand.

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