Registered number
10583111
Else Properties Ltd
Report and Accounts
31 January 2026

Else Properties Ltd
Report to the directors on the preparation of the unaudited statutory accounts of Else Properties Ltd for the year ended 31 January 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Else Properties Ltd for the year ended 31 January 2026 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
Nottinghamshire
NG8 2BE
7 April 2026

Else Properties Ltd
Registered number: | 10583111
Balance Sheet
as at 31 January 2026
Notes |  |  | 2026 |  |  | 2025
£ | £
Fixed assets
Tangible assets | 3 |  |  | 1,510,349 |  |  | 1,530,460
Current assets
Debtors | 4 |  | 5,000 |  |  | 8,000
Cash at bank and in hand |  |  | 2,608 |  |  | 8,462
|  |  | 7,608 |  |  | 16,462
Creditors: amounts falling due within one year | 5 |  | 3,350 |  |  | 946
Net current assets |  |  |  | 10,958 |  |  | 17,408
Total assets less current liabilities |  |  |  | 1,521,307 |  |  | 1,547,868
Creditors: amounts falling due after more than one year | 6 |  |  | (1,429,703) |  |  | (1,439,462)
Net assets |  |  |  | 91,604 |  |  | 108,406
Capital and reserves
Called up share capital |  |  |  | 2 |  |  | 2
Profit and loss account |  |  |  | 91,602 |  |  | 108,404
Shareholders' funds |  |  |  | 91,604 |  |  | 108,406
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.
W Else
Director
Approved by the board on 7 April 2026

Else Properties Ltd
Notes to the Accounts
for the year ended 31 January 2026
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.
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
| 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:
| Freehold buildings | 0% straight line
| Office equipment | 3 year straight line
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2026 |  | 2025
Number | Number
| Average number of persons employed by the company | 2 |  | 2
3 | Tangible fixed assets
|  | Land and buildings |  | Plant and machinery etc |  | Motor vehicles |  | Total
£ | £ | £ | £
| Cost
| At 1 February 2025 | 1,459,349 |  | 1,558 |  | 75,410 |  | 1,536,317
| Additions | 2,000 |  | 600 |  | - |  | 2,600
| At 31 January 2026 | 1,461,349 |  | 2,158 |  | 75,410 |  | 1,538,917
| Depreciation
| At 1 February 2025 | - |  | 1,144 |  | 4,713 |  | 5,857
| Charge for the year | - |  | 403 |  | 22,308 |  | 22,711
| At 31 January 2026 | - |  | 1,547 |  | 27,021 |  | 28,568
| Net book value
| At 31 January 2026 | 1,461,349 |  | 611 |  | 48,389 |  | 1,510,349
| At 31 January 2025 | 1,459,349 |  | 414 |  | 70,697 |  | 1,530,460
4 | Debtors | 2026 |  | 2025
£ | £
| Other debtors | 5,000 |  | 8,000
5 | Creditors: amounts falling due within one year | 2026 |  | 2025
£ | £
| Corporation tax | 3,258 |  | -
| Other taxes and social security costs | 314 |  | 142
| Other creditors | (6,922) |  | (1,088)
|  |  |  |  |  | (3,350) |  | (946)
6 | Creditors: amounts falling due after one year | 2026 |  | 2025
£ | £
| Bank loans | 1,365,481 |  | 1,365,481
| Obligations under finance lease and hire purchase contracts | 64,222 |  | 73,981
|  |  |  |  |  | 1,429,703 |  | 1,439,462
7 | Loans | 2026 |  | 2025
£ | £
| Creditors include:
| Secured bank loans | 1,365,481 |  | 1,365,481
| Paratus AMC Ltd hold a charge dated 22 December 2022 over one freehold property. Belmont Green Finance Ltd have charges dated 1 April 2022 and 2 February 2022 over three freehold properties. Paragon Bank have a charge dated 1 June 2022 over one freehold property.
8 | Other information
| Else Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
| 44 Trowell Road
| Nottingham
| NG8 2DF

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