REGISTERED NUMBER: 02315582 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

Elstream Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Masters

A R Masters

O R Masters

A E Masters

REGISTERED OFFICE:

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

REGISTERED NUMBER:

02315582 (England and Wales)

ACCOUNTANTS:

Jones & Co

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

FIXED ASSETS

Tangible assets

4

3,058

3,238

Investments

5

2

2

Investment property

6

1,835,000

1,835,000

1,838,060

1,838,240

CURRENT ASSETS

Debtors

7

30,694

12,437

Cash at bank

897,351

835,311

928,045

847,748

CREDITORS

Amounts falling due within one year

8

178,314

258,191

NET CURRENT ASSETS

749,731

589,557

TOTAL ASSETS LESS CURRENT LIABILITIES

2,587,791

2,427,797

CAPITAL AND RESERVES

Called up share capital

41,664

41,664

Share premium

12,400

12,400

Fair value reserve

9

(343,624

)

(343,624

)

Capital redemption reserve

22,880

22,880

Retained earnings

2,854,471

2,694,477

SHAREHOLDERS' FUNDS

2,587,791

2,427,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 10 November 2025 and were signed on its behalf by:

R Masters - Director

1.	STATUTORY INFORMATION

Elstream Management Limited 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 value added tax and is recognised according to 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

No depreciation is provided in respect of investment property the value of which, in the opinion of the directors, is considered to be substantially in excess of cost.

Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a fair value reserve.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 April 2024

16,647

Additions

584

At 31 March 2025

17,231

DEPRECIATION

At 1 April 2024

13,409

Charge for year

764

At 31 March 2025

14,173

NET BOOK VALUE

At 31 March 2025

3,058

At 31 March 2024

3,238

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

2

NET BOOK VALUE

At 31 March 2025

2

At 31 March 2024

2

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,835,000

NET BOOK VALUE

At 31 March 2025

1,835,000

At 31 March 2024

1,835,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

196,035

Valuation in 2019

(332,462

)

Valuation in 2020

(241,688

)

Valuation in 2021

14,491

Valuation in 2024

20,000

Cost

2,178,624

1,835,000

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

31.3.25

31.3.24

£

£

Cost

2,178,624

2,178,624

The investment property was valued on an open market basis on 31 March 2025 by R Masters, a director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

10,761

6,333

Other debtors

19,933

6,104

30,694

12,437

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

12,684

-

Amounts owed to group undertakings

17,007

151,766

Taxation and social security

56,427

40,582

Other creditors

92,196

65,843

178,314

258,191

9.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

(343,624

)