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Registered number: 13356340
Elliot and Elliott Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Select Accountants Ltd
Shire House Business Centre
Long Street
Stoney Stanton
Leicestershire
LE9 4DQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13356340
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 79 105
Investment Properties 5 480,000 480,000
480,079 480,105
CURRENT ASSETS
Debtors 6 532 606
Cash at bank and in hand 1,683 953
2,215 1,559
Creditors: Amounts Falling Due Within One Year 7 (92,058 ) (93,267 )
NET CURRENT ASSETS (LIABILITIES) (89,843 ) (91,708 )
TOTAL ASSETS LESS CURRENT LIABILITIES 390,236 388,397
Creditors: Amounts Falling Due After More Than One Year 8 (327,580 ) (327,166 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (14,743 ) (14,748 )
NET ASSETS 47,913 46,483
CAPITAL AND RESERVES
Called up share capital 11 4 4
Revaluation reserve 13 77,515 77,515
Profit and Loss Account (29,606 ) (31,036 )
SHAREHOLDERS' FUNDS 47,913 46,483
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Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Elliott
Director
23rd December 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Elliot and Elliott Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13356340 . The registered office is 42 Wendover Rise, Coventry, West Midlands, CV5 9JU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes (where applicable). Turnover includes revenue earned from the rental of investment property within the United Kingdom. 
Rental Income
Turnover from the rental of Investment Properties is recognised by the receipt of rents due on the cash basis.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost or Valuation
As at 1 April 2024 249
As at 31 March 2025 249
Depreciation
As at 1 April 2024 144
Provided during the period 26
As at 31 March 2025 170
Net Book Value
As at 31 March 2025 79
As at 1 April 2024 105
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 480,000
Revaluations -
As at 31 March 2025 480,000
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 532 606
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Accruals and deferred income 600 600
Directors' loan accounts 91,458 92,667
92,058 93,267
The balances owed to Directors are interest free and repayable upon demand.
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 327,580 327,166
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9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
On the 19th August 2021 a fixed charge was lodged with the Registrar with respect to one investment property, in favour of The Mortgage Works (UK) plc and remains in force.
On the 11th March 2022 a fixed charge was lodged with the Registrar with respect to one investment property, in favour of Paragon Bank plc and remains in force.
2025 2024
£ £
Bank loans and overdrafts - 314,337
10. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances and the fair value adjustment of the investment properties
2025 2024
£ £
Other timing differences 14,743 14,748
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
12. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Matthew Elliott 1,387 - - - -
Mr Ian Elliot (91,280) - - - -
The above loans are unsecured, interest free and repayable on demand.
A mortgage in favour of The Mortgage Works (UK) plc includes a personal guarantee by both Mr Ian Elliot and Mr Matthew Elliott.
A mortgage in favour of Paragon Bank plc includes a personal guarantee by both Mr Ian Elliot and Mr Matthew Elliott.
13. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 April 2024 77,515 (31,036 )
Profit for year - 1,430
Surplus on revaluation - -
Other comprehensive income for the year - -
Total comprehensive income for the year - 1,430
As at 31 March 2025 77,515 (29,606 )
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14. Controlling Party
The company's controlling party is Mr Nicholas Simon Elliott by virtue of his ownership of 75% of the issued share capital in the company.
Page 6