REGISTERED NUMBER: 02328867 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

Elstream Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs A Torjussen

D Matthews

T M Torjussen

Ms A L Torjussen-Bate

REGISTERED OFFICE:

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

REGISTERED NUMBER:

02328867 (England and Wales)

ACCOUNTANTS:

Jones & Co

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

FIXED ASSETS

Tangible assets

4

557

204

Investment property

5

2,193,274

2,308,274

2,193,831

2,308,478

CURRENT ASSETS

Debtors

6

19,436

19,834

Cash at bank

252,184

260,196

271,620

280,030

CREDITORS

Amounts falling due within one year

7

294,771

225,764

NET CURRENT (LIABILITIES)/ASSETS

(23,151

)

54,266

TOTAL ASSETS LESS CURRENT LIABILITIES

2,170,680

2,362,744

PROVISIONS FOR LIABILITIES

271,721

293,571

NET ASSETS

1,898,959

2,069,173

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

8

1,340,268

1,433,418

Retained earnings

557,691

634,755

SHAREHOLDERS' FUNDS

1,898,959

2,069,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 11 September 2026 and were signed on its behalf by:

Mrs A Torjussen - Director

1.	STATUTORY INFORMATION

Elstream Developments 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 represents rental income net of VAT. Income is recognised when due under the terms of leases.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

20% on reducing balance

Investment property

Investment property is not depreciated and shown at fair value less deferred tax. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current tax 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 fair value adjustments to the valuation of investment properties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 April 2025

624

Additions

492

At 31 March 2026

1,116

DEPRECIATION

At 1 April 2025

420

Charge for year

139

At 31 March 2026

559

NET BOOK VALUE

At 31 March 2026

557

At 31 March 2025

204

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

2,308,274

Revaluations

(115,000

)

At 31 March 2026

2,193,274

NET BOOK VALUE

At 31 March 2026

2,193,274

At 31 March 2025

2,308,274

Fair value at 31 March 2026 is represented by:

£

Valuation in 2016

980,988

Valuation in 2023

746,000

Valuation in 2026

(115,000

)

Cost

581,286

2,193,274

If investment property had not been revalued it would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

581,286

581,286

Investment property was valued on an open market basis on 31 March 2026 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

-

4,350

Other debtors

19,436

15,484

19,436

19,834

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

1,245

2,915

Amounts owed to group undertakings

260,908

188,776

Taxation and social security

27,814

25,285

Other creditors

4,804

8,788

294,771

225,764

8.

RESERVES

Fair

value

reserve

£

At 1 April 2025

1,433,418

Deferred tax adjustment

21,850

Transfer to Fair Value Reserve

(115,000

)

At 31 March 2026

1,340,268

9.	RELATED PARTY DISCLOSURES

Bridges Trading Company Limited, a company controlled by the the directors, occupies rent-free one of the properties owned by this company.