REGISTERED NUMBER: 04840441 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2024 TO 30 APRIL 2025

FOR

ELLIOT LEIGH PROPERTY INVESTMENTS 2 LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr E J Altman

Mr L R Young

SECRETARY:

Mr E J Altman

REGISTERED OFFICE:

728 - 730 Eastern Avenue

Newbury Park

Ilford

Essex

IG2 6PE

REGISTERED NUMBER:

04840441 (England and Wales)

ACCOUNTANTS:

Raffingers Holdings Limited

Chartered Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Investments

4

1,253,908

453,633

Investment property

5

17,596,775

17,334,612

18,850,683

17,788,245

CURRENT ASSETS

Stocks

475,000

475,000

Debtors

1,340,316

1,995,876

Cash at bank

126,204

102,148

1,941,520

2,573,024

CREDITORS

Amounts falling due within one year

778,041

411,616

NET CURRENT ASSETS

1,163,479

2,161,408

TOTAL ASSETS LESS CURRENT LIABILITIES

20,014,162

19,949,653

CREDITORS

Amounts falling due after more than one year

6

(8,201,528

)

(8,330,530

)

PROVISIONS FOR LIABILITIES

(1,589,577

)

(1,589,577

)

NET ASSETS

10,223,057

10,029,546

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

4,768,732

4,768,732

Retained earnings

5,454,225

5,260,714

SHAREHOLDERS' FUNDS

10,223,057

10,029,546

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 November 2025 and were signed on its behalf by:

Mr E J Altman - Director

1.	STATUTORY INFORMATION

Elliot Leigh Property Investments 2 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the entity and the revenue can be reliably measured. Revenue represents rent receivable and letting commission net of value added tax, which is recognised in the period which it is earned. Amounts invoiced in excess of the amounts earned during the period are recognised as deferred income in creditors.

Investment properties

Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Stocks

Stocks are valued at lower of cost and estimated selling price less costs to complete and sell.

Taxation

Taxation for the period 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 period 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.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Fixed asset investments

Fixed asset investments are recognised at costs less provision for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 February 2024

453,633

Additions

800,275

At 30 April 2025

1,253,908

NET BOOK VALUE

At 30 April 2025

1,253,908

At 31 January 2024

453,633

5.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 February 2024

17,334,612

Additions

262,163

At 30 April 2025

17,596,775

NET BOOK VALUE

At 30 April 2025

17,596,775

At 31 January 2024

17,334,612

In the opinion of the directors, investment property is stated at fair value at the balance sheet date.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable otherwise than by instalments

Mortgages

6,412,209

6,340,693

Repayable by instalments

Mortgages

1,062,415

1,278,774

7.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Mortgages

164,611

193,420

Amounts falling due between one and two years:

Mortgages

173,335

165,950

Amounts falling due between two and five years:

Mortgages

553,569

545,113

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgages

6,412,209

6,340,693

Repayable by instalments

Mortgages

1,062,415

1,278,774

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgages

8,366,140

8,523,950

The mortgages are secured by way of fixed and floating charges over the properties held by the company.

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the balance sheet date, the company owed £271,859 (2024: was owed £512,960) to/(by) Elliot Leigh Property Management Limited and £217,027 (2024: £20,784) to Elliot Leigh Property Investment Limited, a company connected by virtue of common control.

At the previous balance sheet date, the company was owed £64,914 by Elliot Leigh TLC Limited, a company connected by virtue of common control.