Elliot House Apartments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08495735 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

ELLIOT HOUSE APARTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Artimadis

Miss G Ktori

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

08495735 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

310,500

310,500

CURRENT ASSETS

Debtors

5

-

7,900

Cash at bank and in hand

11,606

3,350

11,606

11,250

CREDITORS

Amounts falling due within one year

6

17,933

15,821

NET CURRENT LIABILITIES

(6,327

)

(4,571

)

TOTAL ASSETS LESS CURRENT LIABILITIES

304,173

305,929

CREDITORS

Amounts falling due after more than one year

7

(280,313

)

(278,450

)

PROVISIONS FOR LIABILITIES

10

(1,748

)

(1,748

)

NET ASSETS

22,112

25,731

CAPITAL AND RESERVES

Called up share capital

11

100

100

Fair value reserve

12

24,685

24,685

Retained earnings

(2,673

)

946

SHAREHOLDERS' FUNDS

22,112

25,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 14 January 2020 and were signed on its behalf by:

Miss G Ktori - Director

1.	STATUTORY INFORMATION

Elliot House Apartments 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Long

leasehold

£

COST OR VALUATION

At 1 May 2018

and 30 April 2019

310,500

NET BOOK VALUE

At 30 April 2019

310,500

At 30 April 2018

310,500

Cost or valuation at 30 April 2019 is represented by:

Long

leasehold

£

Valuation in 2017

26,433

Cost

284,067

310,500

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

30.4.19

30.4.18

£

£

Cost

284,067

284,067

The long leasehold properties were valued on an open market basis on 30 April 2019 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

-

7,900

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Bank loans and overdrafts (see note 8)

10,900

10,900

Tax

183

283

Related Company

1,977

-

Accrued expenses

4,873

4,638

17,933

15,821

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.19

30.4.18

£

£

Bank loans (see note 8)

280,313

278,450

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

258,029

256,166

8.

LOANS

An analysis of the maturity of loans is given below:

30.4.19

30.4.18

£

£

Amounts falling due within one year or on demand:

Bank loans

10,900

10,900

Amounts falling due between one and two years:

Bank loans - 1-2 years

22,284

22,284

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

258,029

256,166

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.19

30.4.18

£

£

Bank loans

291,213

289,350

The loan is secured by a first charge over the leasehold properties of the company.

10.	PROVISIONS FOR LIABILITIES

30.4.19

30.4.18

£

£

Deferred tax

1,748

1,748

Deferred

tax

£

Balance at 1 May 2018

1,748

Balance at 30 April 2019

1,748

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.19

30.4.18

value:

£

£

100

Ordinary Shares

£1

100

100

12.

RESERVES

Fair

value

reserve

£

At 1 May 2018

and 30 April 2019

24,685