Company registration number 13357574 (England and Wales)
ELARA PROPERTIES LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2025
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
ELARA PROPERTIES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ELARA PROPERTIES LTD
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
640,000
430,000
Current assets
Debtors
4
3,061
1,166
Cash at bank and in hand
10,040
9,539
13,101
10,705
Creditors: amounts falling due within one year
5
(233,403)
(170,286)
Net current liabilities
(220,302)
(159,581)
Total assets less current liabilities
419,698
270,419
Creditors: amounts falling due after more than one year
6
(407,741)
(276,490)
Provisions for liabilities
(6,764)
(1,701)
Net assets/(liabilities)
5,193
(7,772)
Capital and reserves
Called up share capital
10
10
Revaluation reserve
55,774
35,306
Profit and loss reserves
(50,591)
(43,088)
Total equity
5,193
(7,772)
ELARA PROPERTIES LTD
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 2 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 12 December 2025 and are signed on its behalf by:
Mr C Everett
Director
Company registration number 13357574 (England and Wales)
ELARA PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information

Elara Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Oban, Ashley Lane, New Milton, Hants, BH25 5AQ.

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 £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value.

1.2
Going concern

Although at the balance sheet date the company has net current liabilities of £220,302 a total of £189,993 is due to the directors. The directors will not seek repayment of this balance until the company is in a position to do so. As such the directors believe the company will be able to meet the liabilities as they fall due and therefore the accounts have been prepared on the going concern basis. true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received from tenants of the company's investment property.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Financial instruments
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.6
Taxation
Current tax

Current tax is recognised on taxable profit for the current and, where not previously recognised, past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

ELARA PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
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
3
Investment property
2025
£
Fair value
At 1 May 2024
430,000
Additions
182,710
Revaluations
27,290
At 30 April 2025
640,000
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
565,635
382,925
Accumulated depreciation
-
-
Carrying amount
565,635
382,925
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
3,061
1,166
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
233,403
170,286
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
407,741
276,490
ELARA PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
6
Creditors: amounts falling due after more than one year
(Continued)
- 5 -

The loans are secured against the investment properties via a fixed charge.

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