1.
General Information
ELAH PROPERTIES LIMITED
is a private company, limited by shares, incorporated in England & Wales, registered number
10380019
. The registered office is 143 Station Road, Hampton, Middlesex, TW12 2AL.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3.
Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at
cost less any accumulated amortisation and any accumulated impairment losses.
Business Knowhow are being amortised evenly over their estimated useful life of five years.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures & Fittings |
|
2.5.
Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising fromchanges in fair value is recognised in profit or loss.
2.6.
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 beenenacted or substantively enacted by the balance sheet date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company'spension scheme are charged to profit or loss in the period to which they relate.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
ELAH PROPERTIES LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
4.
Intangible Assets
| Other | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 1 August 2024 |
|
||
| As at 31 July 2025 |
|
||
| Amortisation | |||
| As at 1 August 2024 |
|
||
| As at 31 July 2025 |
|
||
| Net Book Value | |||
| As at 31 July 2025 |
|
||
| As at 1 August 2024 |
|
||
5.
Tangible Assets
| Fixtures & Fittings | |
|---|---|
| £ | |
| Cost | |
| As at 1 August 2024 |
|
| As at 31 July 2025 |
|
| Depreciation | |
| As at 1 August 2024 |
|
| As at 31 July 2025 |
|
| Net Book Value | |
| As at 31 July 2025 |
|
| As at 1 August 2024 |
|
6.
Investment Property
| 2025 | |
|---|---|
| £ | |
| Fair Value | |
| As at 1 August 2024 |
|
| Additions |
|
| Disposals |
( |
| As at 31 July 2025 |
|
|
NET BOOK VALUE
|
|
|
At 31 July 2025
|
1,675,000
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
|
At 31 July 2024
|
2,078,844
|
|
Fair value at 31 July 2025 is represented by:
|
|
|
£
|
...CONTINUED
ELAH PROPERTIES LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
|
Valuation in 2023
|
234,612
|
|
Cost
|
1,440,388
|
7.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors | 15,696 | 277,223 | |
8.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Bank loans and overdrafts |
|
|
|
| Other creditors | 527,732 | 1,196,210 | |
| Taxation and social security |
|
|
|
|
|
|
||
9.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans | - |
|
|
| Other loans more 5yrs instal |
|
|
|
|
|
|
||
10.
Secured Creditors
Secured Debts
The mortgages provided by Onesavings Bank Plc are secured against the freehold interest in the properties known as 16 West Crawley Street, 78 Spencers Road, 23 Windsor Close and 40 Apsley Court by way of a negative pledge and fixed charge.
Of the creditors the following amounts are secured:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 912,348 | 912,171 |
ELAH PROPERTIES LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
12.
Reserves
| Profit and Loss Account | |
|---|---|
| £ | |
| As at 1 August 2024 |
|
| Profit for the year and total comprehensive income |
|
| As at 31 July 2025 |
|
Reserves include an amount of £175,959 that relates to the, next of tax, revaluation of Investment Property. This amount is not distributable.