REGISTERED NUMBER: 11971901 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

ELDERMORE PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M P Moran

Mr K T Moran

Mr M P Moran

REGISTERED OFFICE:

293-301 Kilburn High Road

London

NW6 7JR

REGISTERED NUMBER:

11971901 (England and Wales)

ACCOUNTANTS:

mgr SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Investment property

4

912,900

812,271

CURRENT ASSETS

Debtors

5

14,258

6,800

Cash at bank and in hand

8,244

14,744

22,502

21,544

CREDITORS

Amounts falling due within one year

6

(714,658

)

(737,810

)

NET CURRENT LIABILITIES

(692,156

)

(716,266

)

TOTAL ASSETS LESS CURRENT LIABILITIES

220,744

96,005

PROVISIONS FOR LIABILITIES

(25,157

)

-

NET ASSETS

195,587

96,005

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Undistributable reserve

75,472

-

Retained earnings

119,115

95,005

SHAREHOLDERS' FUNDS

195,587

96,005

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 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 24 July 2026 and were signed on its behalf by:

Mr K T Moran - Director

1.	COMPANY INFORMATION

Eldermore Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The directors report net current liabilities of £692,156 (2024: £716,266). Liabilities are largely due to loans from connected parties who will not seek immediate repayment whilst rental income continues to service obligations. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents rents receivable.

Investment property

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

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.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from connected companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

812,271

Revaluations

100,629

At 31 October 2025

912,900

NET BOOK VALUE

At 31 October 2025

912,900

At 31 October 2024

812,271

The investment property represents a 50% interest in a property jointly owned with Beaufort Grove Limited. Each party recognises its proportionate share of the asset, rental income and related expenses.

The investment property has been valued by the members at £1,825,800 as at the year end date, 50% of which is recognised in each company. The valuation was based on the directors' assessment of market value having regard to available market evidence.

Fair value at 31 October 2025 is represented by:

£

Valuation in 2025

100,629

Cost

812,271

912,900

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

as restated

£

£

Other debtors

14,258

6,800

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

as restated

£

£

Taxation and social security

17,625

6,607

Other creditors

697,033

731,203

714,658

737,810

Included within other creditors is an amount due to directors of £5,679 (2024: £5,679). The balance is unsecured, interest free and repayable on demand.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

as restated

£

£

1,000

Ordinary shares

£1

1,000

1,000

8.	RELATED PARTY DISCLOSURES

The Manor Park Trust

Mr M P Moran and Mr K T Moran are Trustees of the above Trust.

During the year, the company made a repayment of £40,000 towards the outstanding loan balance owed to the above Trust.

31.10.25

31.10.24

as restated

£

£

Amount due to related party at the balance sheet date

676,684

716,684

9.	ULTIMATE CONTROLLING PARTY

The controlling party is The Manor Park Trust.