Elgar Property Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11058382 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

ELGAR PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J W B Stankiewicz

E R Fredericks

REGISTERED OFFICE:

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

REGISTERED NUMBER:

11058382 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

16,793

19,302

Investment property

5

1,110,000

1,126,793

1,129,302

CURRENT ASSETS

Cash at bank

2,817

902

CREDITORS

Amounts falling due within one year

6

122,029

147,632

NET CURRENT LIABILITIES

(119,212

)

(146,730

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,007,581

982,572

CREDITORS

Amounts falling due after more than one
year

7

(673,891

)

(673,955

)

PROVISIONS FOR LIABILITIES

9

(62,051

)

(62,678

)

NET ASSETS

271,639

245,939

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

271,539

245,839

SHAREHOLDERS' FUNDS

271,639

245,939

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 17 August 2026 and were signed on its behalf by:

J W B Stankiewicz - Director

1.	STATUTORY INFORMATION

Elgar Property Ltd 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 is measured at fair value of the income from investment property, excluding discounts, rebates, value added tax and other sales taxes.

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

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 December 2024

34,855

22,468

3,818

61,141

Additions

1,563

-

1,199

2,762

Disposals

-

(687

)

(687

)

At 30 November 2025

36,418

22,468

4,330

63,216

DEPRECIATION

At 1 December 2024

30,535

7,723

3,581

41,839

Charge for year

1,347

3,687

120

5,154

Eliminated on disposal

-

(570

)

(570

)

At 30 November 2025

31,882

11,410

3,131

46,423

NET BOOK VALUE

At 30 November 2025

4,536

11,058

1,199

16,793

At 30 November 2024

4,320

14,745

237

19,302

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

1,110,000

NET BOOK VALUE

At 30 November 2025

1,110,000

At 30 November 2024

1,110,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2020

4,954

Valuation in 2021

220,000

Valuation in 2022

80,000

Valuation in 2024

(73,542

)

Cost

878,588

1,110,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Other loans

2,049

1,791

Tax

6,704

7,083

Other creditors

4,735

642

Directors' current accounts

106,042

135,114

Accrued expenses

2,499

3,002

122,029

147,632

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.11.25

30.11.24

£

Bank loans more 5 yr by instal

663,047

661,062

Finance leases

10,844

12,893

673,891

673,955

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

663,047

661,062

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

Bank loans

663,047

661,062

The bank loans are secured on the company's investment properties. Further details of the charges can be found on the Companies House website.

9.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

Deferred tax

Accelerated capital allowances

4,198

4,825

Other timing differences

57,853

62,051

62,678

Deferred

tax

£

Balance at 1 December 2024

62,678

Reversal of timing differences

(627

)

Balance at 30 November 2025

62,051

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

50

A Ordinary

£1

50

B Ordinary

£1

50

100

11.	RELATED PARTY DISCLOSURES

The directors maintain interest free loan accounts with the company. At the balance sheet date, the company owed the directors £103,895 (2024: £135,114).

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.