Eastern Landlords Association Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03468194

Eastern Landlords Association

Company Limited by Guarantee

Unaudited financial statements

31 December 2025

Eastern Landlords Association

Company Limited by Guarantee

Statement of financial position

31 December 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	6	5,128	10,256
Tangible assets	7	312,291	378,403
		---------	---------
		317,419	388,659

Current assets

Debtors	8	26,134	51,817
Cash at bank and in hand		273,583	299,875
		---------	---------
		299,717	351,692

Creditors: Amounts falling due within one year	9	( 8,954)		( 9,173)
		---------		---------
Net current assets			290,763		342,519
			---------		---------
Total assets less current liabilities			608,182		731,178

Provisions

Taxation including deferred tax		( 5,314)		( 19,706)

Accruals and deferred income	( 36,395)	( 72,027)
	---------	---------
Net assets	566,473	639,445
	---------	---------

Capital and reserves

Revaluation reserve	35,775	95,914
Other reserves	28,000	28,000
Profit and loss account	502,698	515,531
	---------	---------
Members funds	566,473	639,445
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Eastern Landlords Association

Company Limited by Guarantee

Statement of financial position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 8 July 2026 , and are signed on behalf of the board by:

J Crickmore
Director

Company registration number: 03468194

Eastern Landlords Association

Company Limited by Guarantee

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 1 Sprowston Road, Norwich, NR3 4QL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises member's annual subscriptions, joining fees, ticket sales for the annual dinner, sale of draft tenancy agreements, printing and stationery, insurance and mortgage commission and advertising.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and 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 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.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	App Development	-	33% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated on equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Office equipment	-	25% reducing balance

The directors are of the opinion that no depreciation should be charged on the freehold property on the basis that the company keeps it in a good state of repair such that a depreciation charge to reflect dilapidations would not be material. This is not in accordance with Financial Reporting Standards, however the departure is required in order to give a true and fair view. Any material change in value of the property would be reflected in periodic revaluations or impairments.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Company limited by guarantee

The company is limited by guarantee and does not have a share capital. The members have guaranteed that in the event of the company being wound up during their membership or one year thereafter, each would contribute to the assets of the company a sum not exceeding £10.

5. Employee numbers

The average number of employees during the year was 10 (2024: 10 ).

6. Intangible assets

	App development
	£
Cost
At 1 January 2025 and 31 December 2025	15,384
	-------
Amortisation
At 1 January 2025	5,128
Charge for the year	5,128
	-------
At 31 December 2025	10,256
	-------
Carrying amount
At 31 December 2025	5,128
	-------
At 31 December 2024	10,256
	-------

7. Tangible assets

	Land and buildings	Plant and machinery	Equipment	Investment property	Total
	£	£	£	£	£
Cost or valuation
At 1 January 2025	100,984	6,000	9,140	275,000	391,124
Additions	2,825	2,448	5,319	–	10,592
Disposals	–	–	( 102)	–	( 102)
Revaluations	–	–	–	( 75,000)	( 75,000)
	---------	------	-------	---------	---------
At 31 December 2025	103,809	8,448	14,357	200,000	326,614
	---------	------	-------	---------	---------
Depreciation
At 1 January 2025	–	6,000	6,721	–	12,721
Charge for the year	–	163	1,535	–	1,698
Disposals	–	–	( 96)	–	( 96)
	---------	------	-------	---------	---------
At 31 December 2025	–	6,163	8,160	–	14,323
	---------	------	-------	---------	---------
Carrying amount
At 31 December 2025	103,809	2,285	6,197	200,000	312,291
	---------	------	-------	---------	---------
At 31 December 2024	100,984	–	2,419	275,000	378,403
	---------	------	-------	---------	---------

At the year end the investment property has been revalued by the directors to its current market value.

8. Debtors

	2025	2024
	£	£
Trade debtors	929	40,335
Other debtors	25,205	11,482
	-------	-------
	26,134	51,817
	-------	-------

9. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	263
Social security and other taxes	8,940	8,583
Other creditors	14	327
	------	------
	8,954	9,173
	------	------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	1,568	192
Later than 1 year and not later than 5 years	1,960	–
	------	----
	3,528	192
	------	----