Elmerside First Estates Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 13115395

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		690,000		690,000

			690,000		690,000
CURRENT ASSETS
Debtors	5	2,160		4,737
Cash at bank and in hand		4,163		5,478

		6,323		10,215
Creditors: Amounts Falling Due Within One Year	6	(5,370 )		(4,356 )

NET CURRENT ASSETS (LIABILITIES)			953		5,859

TOTAL ASSETS LESS CURRENT LIABILITIES			690,953		695,859

Creditors: Amounts Falling Due After More Than One Year	7		(495,396 )		(515,985 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(25,054 )		(25,054 )

NET ASSETS			170,503		154,820

CAPITAL AND RESERVES
Called up share capital	8		3		3
Profit and Loss Account			170,500		154,817

SHAREHOLDERS' FUNDS			170,503		154,820

Page 1

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Elmerside First Estates Ltd

Balance Sheet (continued)

As At 31 December 2025

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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Bartosz Tomaszewski

Director

08/09/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Elmerside First Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13115395 . The registered office is 90a Dunsmure Road, London, N16 5JY.

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. Going Concern Disclosure

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future.

2.3. Turnover

Rental income represents rents receivable on properties within the UK. Rents are receivable on a monthly basis. Where payments are receivable from tenants for months ending after the balance sheet date, the relevant, material proportion of rent receivable is recorded as deferred income and included in creditors.

2.4. Investment Properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Investment Property

	2025
	£
Fair Value
As at 1 January 2025 and 31 December 2025	690,000

The company's investment property comprises residential property held for the purpose of generating rental income and for capital appreciation.

The investment property is measured at fair value at the reporting date, with changes in fair value recognised in profit or loss.

The property was independently valued at £690,000 in December 2023 by a valuation specialist appointed by the bank

providing finance to the company. The valuation was undertaken for lending purposes.

At 31 December 2025, the director has considered the property's carrying value and available market and rental information

and is satisfied that there has been no material change in the fair value of the property since the December 2023 valuation.

Accordingly, the director considers that the fair value of the investment property at 31 December 2025 remains £690,000.

The director's assessment took into consideration the property's rental income, its condition and relevant market conditions.

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,160	4,737

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Elmerside First Estates Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	4,165	3,751
Accruals and deferred income	1,205	605

	5,370	4,356

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	527,850	552,852
Intra-group loan	(37,024 )	(36,914 )
Director's loan account	83	47
Amounts owed to related parties	4,487	-

	495,396	515,985

The bank loan is secured by a fixed charge over the property together with all buildings, fixtures and fixed plant and machinery at any time.

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	3	3

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