Elizabeth Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05024357

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		341,001		331,545

			341,001		331,545
CURRENT ASSETS
Cash at bank and in hand		327		3,135

		327		3,135
Creditors: Amounts Falling Due Within One Year	5	(44,283 )		(40,893 )

NET CURRENT ASSETS (LIABILITIES)			(43,956 )		(37,758 )

TOTAL ASSETS LESS CURRENT LIABILITIES			297,045		293,787

PROVISIONS FOR LIABILITIES
Deferred Taxation			(43,672 )		(42,867 )

NET ASSETS			253,373		250,920

CAPITAL AND RESERVES
Called up share capital	6		100		100
Fair value reserve	7		189,900		181,498
Profit and Loss Account			63,373		69,322

SHAREHOLDERS' FUNDS			253,373		250,920

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Elizabeth Properties Limited

Balance Sheet (continued)

As At 30 June 2026

For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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

Mrs Diane Tait

Director

23rd October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Elizabeth Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05024357 . The registered office is 203 London Road, Hadleigh, Benfleet , Essex , SS7 2RD.

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

The director(s) have considered the financial position of the company, including its net liabilities, and are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

2.3. Turnover

Turnover comprises rental income from investment properties and is recognised in the profit and loss account on a straight-line basis over the period of the lease term, in accordance with the substance of the relevant lease agreements.

Where lease incentives are provided to tenants, such incentives are recognised as a reduction of rental income on a straight-line basis over the lease term, or such other systematic basis as is more representative of the time pattern over which the benefit of the leased asset is diminished.

Turnover is measured at the fair value of the consideration received or receivable, excluding VAT and other sales-related taxes.

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:

Plant & Machinery	5 years straight line
Computer Equipment	5 years straight line

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Elizabeth Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 3)

4. Tangible Assets

	Investment Properties	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost or Valuation
As at 1 July 2025	330,000	854	2,684	333,538
Additions	691	-	-	691
Revaluation	9,309	-	-	9,309

As at 30 June 2026	340,000	854	2,684	343,538

Depreciation
As at 1 July 2025	-	297	1,696	1,993
Provided during the period	-	170	374	544

As at 30 June 2026	-	467	2,070	2,537

Net Book Value
As at 30 June 2026	340,000	387	614	341,001

As at 1 July 2025	330,000	557	988	331,545

5. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Corporation tax	-	770
Other creditors	1,499	1,263
Accruals and deferred income	1,500	1,442
Directors' loan accounts	41,284	37,418

	44,283	40,893

6. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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Elizabeth Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

7. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 July 2025	181,498	69,322
Profit for the year and total comprehensive income	-	3,274

Dividends paid	-	(822)
Movements in fair value reserve	8,402	-
Transfer from revaluation reserve	-	(8,401)

As at 30 June 2026	189,900	63,373

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