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REGISTERED NUMBER: 01236220 (England and Wales)















ELDERFIELD (MIDLANDS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025





Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU








ELDERFIELD (MIDLANDS) LIMITED (REGISTERED NUMBER: 01236220)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


ELDERFIELD (MIDLANDS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2025







DIRECTORS: Mr D.W. Needham
Mrs L.R. Needham





SECRETARY: Mrs J Roberts





REGISTERED OFFICE: The Carpet Factory
43 Birmingham Road
Kidderminster
Worcestershire
DY10 2DA





REGISTERED NUMBER: 01236220 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ELDERFIELD (MIDLANDS) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Elderfield (Midlands) Limited for the year ended 30 September 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Elderfield (Midlands) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Elderfield (Midlands) Limited and state those matters that we have agreed to state to the Board of Directors of Elderfield (Midlands) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elderfield (Midlands) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Elderfield (Midlands) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Elderfield (Midlands) Limited. You consider that Elderfield (Midlands) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Elderfield (Midlands) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


20 May 2026

This page does not form part of the statutory financial statements

Page 2
ELDERFIELD (MIDLANDS) LIMITED (REGISTERED NUMBER: 01236220)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 674,885 678,377
Investments 5 100 100
674,985 678,477

CURRENT ASSETS
Debtors 6 3,133 30,689
Cash at bank 40,976 20,555
44,109 51,244
CREDITORS
Amounts falling due within one year 7 361,908 393,064
NET CURRENT LIABILITIES (317,799 ) (341,820 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
357,186
336,657

CAPITAL AND RESERVES
Called up share capital 290 290
Share premium 8,416 8,416
Retained earnings 348,480 327,951
SHAREHOLDERS' FUNDS 357,186 336,657

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 3 continued...
ELDERFIELD (MIDLANDS) LIMITED (REGISTERED NUMBER: 01236220)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2025


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 Board of Directors and authorised for issue on 20 May 2026 and were signed on its behalf by:





Mr D.W. Needham - Director


The notes form part of these financial statements

Page 4
ELDERFIELD (MIDLANDS) LIMITED (REGISTERED NUMBER: 01236220)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025


1. STATUTORY INFORMATION

Elderfield (Midlands) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 or 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Page 5 continued...
ELDERFIELD (MIDLANDS) LIMITED (REGISTERED NUMBER: 01236220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2025


4. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2024
and 30 September 2025 674,362 56,950 487 731,799
DEPRECIATION
At 1 October 2024 8,694 44,247 481 53,422
Charge for year 315 3,176 1 3,492
At 30 September 2025 9,009 47,423 482 56,914
NET BOOK VALUE
At 30 September 2025 665,353 9,527 5 674,885
At 30 September 2024 665,668 12,703 6 678,377

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2024
and 30 September 2025 100
NET BOOK VALUE
At 30 September 2025 100
At 30 September 2024 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 12 -
Other debtors 3,121 30,689
3,133 30,689

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed to group undertakings 256,254 294,601
Taxation and social security 7,644 5,215
Other creditors 98,010 93,248
361,908 393,064

Page 6 continued...
ELDERFIELD (MIDLANDS) LIMITED (REGISTERED NUMBER: 01236220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2025


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

2025 2024
£    £   
Mr D.W. Needham and Mrs L.R. Needham
Balance outstanding at start of year - 132,068
Amounts repaid - (132,068 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. RELATED PARTY DISCLOSURES

Elderfield (Midlands) Limited is the parent company to Needham Enterprises Limited, At the year end Elderfield (Midlands) Limited owed Needham Enterprises Limited £256,254 (2024: £294,601).

Mr. D.W. Needham, a director of the company, is also a director of The Carpet Factory (Stourport) Limited. The Carpet Factory (Stourport) Limited rents premises from Elderfield (Midlands) Limited, on a full repairing lease, amounting to rental charges during the year of £14,400 (2024: £14,400).

Page 7