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Registration number: 14112016

ELBA PARTNERS LTD
Annual Report and Unaudited Financial Statements
for the Year Ended 31 May 2025

ELBA PARTNERS LTD

Contents

Company Information | 1
Directors' Report | 2
Profit and Loss Account | 3
Statement of Comprehensive Income | 4
Balance Sheet | 5 to 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 12

ELBA PARTNERS LTD

Company Information

Directors | Marius Nicolae Pruteanu Mr Florentin Radu Mironescu

Registered office | 3 The Shrubberies George Lane London E18 1BD

Accountants | Accounting 2 Trend Ltd 3 The Shrubberies George Lane London E18 1BD

ELBA PARTNERS LTD

Directors' Report for the Year Ended 31 May 2025

The directors present their report and the financial statements for the year ended 31 May 2025.

Directors of the company

The directors who held office during the year were as follows:

Marius Nicolae Pruteanu

Mr Florentin Radu Mironescu

Principal activity

The principal activity of the company is that of an investment properties holder.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 24 February 2026 and signed on its behalf by:

......................................... Marius Nicolae Pruteanu Director
......................................... Mr Florentin Radu Mironescu Director

ELBA PARTNERS LTD

Profit and Loss Account for the Year Ended 31 May 2025

| Note | 2025 £ | 2024 £
Turnover |  | 30,751 | 13,850
Gross profit |  | 30,751 | 13,850
Administrative expenses |  | (23,990) | (8,030)
Operating profit |  | 6,761 | 5,820
Interest payable and similar expenses |  | (12,625) | -
(Loss)/profit before tax |  | (5,864) | 5,820
Tax on (loss)/profit |  | - | (670)
(Loss)/profit for the financial year |  | (5,864) | 5,150

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

ELBA PARTNERS LTD

Statement of Comprehensive Income for the Year Ended 31 May 2025

| 2025 £ | 2024 £
(Loss)/profit for the year | (5,864) | 5,150
Total comprehensive income for the year | (5,864) | 5,150

ELBA PARTNERS LTD

(Registration number: 14112016)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 705,175 | 235,506
Current assets |  |  |
Debtors | 5 | 571 | 325
Cash at bank and in hand |  | 11,256 | 1,272
|  | 11,827 | 1,597
Creditors: Amounts falling due within one year | 6 | (387,696) | (234,149)
Net current liabilities |  | (375,869) | (232,552)
Total assets less current liabilities |  | 329,306 | 2,954
Creditors: Amounts falling due after more than one year | 6 | (332,216) | -
Net (liabilities)/assets |  | (2,910) | 2,954
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | (3,010) | 2,854
Shareholders' (deficit)/funds |  | (2,910) | 2,954

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 24 February 2026 and signed on its behalf by:

ELBA PARTNERS LTD

(Registration number: 14112016)
Balance Sheet as at 31 May 2025

......................................... Marius Nicolae Pruteanu Director
......................................... Mr Florentin Radu Mironescu Director

ELBA PARTNERS LTD

Statement of Changes in Equity for the Year Ended 31 May 2025

| Share capital £ | Retained earnings £ | Total £
At 1 June 2024 | 100 | 2,854 | 2,954
Loss for the year | - | (5,864) | (5,864)
At 31 May 2025 | 100 | (3,010) | (2,910)

| Share capital £ | Retained earnings £ | Total £
At 1 June 2023 | 100 | (2,296) | (2,196)
Profit for the year | - | 5,150 | 5,150
At 31 May 2024 | 100 | 2,854 | 2,954

ELBA PARTNERS LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

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

The address of its registered office is:
3 The Shrubberies
George Lane
London
E18 1BD
United Kingdom

These financial statements were authorised for issue by the Board on 24 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

ELBA PARTNERS LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

ELBA PARTNERS LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Investment properties

| 2025 £
At 1 June | 235,505
Additions | 469,670
At 31 May | 705,175

There has been no valuation of investment property by an independent valuer. The directors consider that the value is at least as stated.

5 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 571 | 325
| 571 | 325

ELBA PARTNERS LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 69,330 | -
Trade creditors |  | - | 622
Taxation and social security |  | - | 670
Accruals and deferred income |  | 2,000 | 3,380
Other creditors |  | 316,366 | 229,477
|  | 387,696 | 234,149

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 332,216 | -

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 332,216 | -

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 69,330 | -

9 | Related party transactions

Loans from related parties

ELBA PARTNERS LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

2025 | Other related parties £ | Total £
At start of period | 229,477 | 229,477
Advanced | 145,300 | 145,300
Repaid | (58,411) | (58,411)
At end of period | 316,366 | 316,366

2024 | Other related parties £ | Total £
At start of period | 203,818 | 203,818
Advanced | 28,185 | 28,185
Repaid | (2,526) | (2,526)
At end of period | 229,477 | 229,477

Terms of loans from related parties

Shareholders' loan, no interest bearing, repayable on demand.