REGISTERED NUMBER: 10898205 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Ellis Property Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

S A Ellis

REGISTERED OFFICE:

45 The Oaks

Abbeymead

Gloucester

Gloucestershire

GL4 5WP

REGISTERED NUMBER:

10898205 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

630,000

690,376

630,000

690,376

CURRENT ASSETS

Debtors

6

163

34

Cash at bank

5,461

544

5,624

578

CREDITORS

Amounts falling due within one year

7

131,859

261,521

NET CURRENT LIABILITIES

(126,235

)

(260,943

)

TOTAL ASSETS LESS CURRENT LIABILITIES

503,765

429,433

CREDITORS

Amounts falling due after more than one year

8

(383,243

)

(383,243

)

PROVISIONS FOR LIABILITIES

(21,134

)

(11,564

)

NET ASSETS

99,388

34,626

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

63,403

63,403

Retained earnings

35,885

(28,877

)

SHAREHOLDERS' FUNDS

99,388

34,626

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2026 and were signed by:

S A Ellis - Director

1.	STATUTORY INFORMATION

Ellis Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income due for the accounting period from the investment properties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current and deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

Despite net current liabilities of £126,235 (2024 - £260,943), the financial statements have been prepared on a going concern basis. The director has reviewed the future cash flows of the business and have expressed his intention to financially support the company for the foreseeable future, deeming the going concern basis of preparation to be appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

Cost

At 1 September 2024

and 31 August 2025

5,914

Depreciation

At 1 September 2024

and 31 August 2025

5,914

Net book value

At 31 August 2025

-

At 31 August 2024

-

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 September 2024

690,376

Disposals

(60,376

)

At 31 August 2025

630,000

Net book value

At 31 August 2025

630,000

At 31 August 2024

690,376

If investment properties had not been revalued they would have been included at the historical cost of

£545,463 (2024 - £605,839).

The director has reviewed the local property market and made enquiries with local agents to determine the fair value value of the investment properties. Based upon this review, the fair value of investment property has not changed during the year.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

£

Other debtors

163

34

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

£

Trade creditors

1,114

840

Taxation and social security

10,447

-

Other creditors

120,298

260,681

131,859

261,521

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/8/25

31/8/24

£

£

Other creditors

383,243

383,243

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

383,243

383,243

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/8/25

31/8/24

£

£

Other loans

383,243

383,243

The loans are secured by fixed charges over all of the company's investment properties.

10.	RELATED PARTY DISCLOSURES

S A Ellis

Director

The director has loaned funds to the company. At 31 August 2025, the company owed the director £66,482 (2024 - £166,670). The loan is interest free with no fixed repayment terms.

G Ellis

Former Director

The former director has loaned funds to the company. At 31 August 2025, the company owed the former director £23,715 (2024 - £33,144). The loan is shown in other creditors and is interest free with no fixed repayment terms.

Ellis Property Solutions Ltd

Company under common control

A loan exists between the company and Ellis Property Solutions Ltd. At 31 August 2025, the company owed Ellis Property Solutions Ltd £5,200 (2024 - £60,026). The loan, included within other creditors, is interest free and has no fixed repayment terms.

During the year, Ellis Property Solutions Ltd undertook work on the investment property sold, invoicing the company £24,000 for this work after the year end. This balance has been accrued for at 31 August 2025 and is included within other creditors.