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REGISTERED NUMBER: 10476476 (England and Wales)















ELTERWATER HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






ELTERWATER HOLDINGS LIMITED (REGISTERED NUMBER: 10476476)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELTERWATER HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs S E Calder
Mrs P A Cottrell
Mrs V Yearsley
Mrs E Greenwood
T P Greenwood





REGISTERED OFFICE: 17 Shay Lane
Hale Barns
Altrincham
Cheshire
WA15 8NZ





REGISTERED NUMBER: 10476476 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

ELTERWATER HOLDINGS LIMITED (REGISTERED NUMBER: 10476476)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 801,000 624,000
Investments 5 1,043,367 1,043,367
1,844,367 1,667,367

CURRENT ASSETS
Debtors 6 65,354 145,810
Cash at bank 795 12,859
66,149 158,669
CREDITORS
Amounts falling due within one year 7 9,099 96,403
NET CURRENT ASSETS 57,050 62,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,901,417

1,729,633

PROVISIONS FOR LIABILITIES 8 58,594 54,555
NET ASSETS 1,842,823 1,675,078

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 1,043,316 1,043,316
Retained earnings 799,407 631,662
1,842,823 1,675,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

ELTERWATER HOLDINGS LIMITED (REGISTERED NUMBER: 10476476)

BALANCE SHEET - continued
31 MARCH 2023


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 and authorised for issue on 22 November 2023 and were signed on its behalf by:





Mrs E Greenwood - Director


ELTERWATER HOLDINGS LIMITED (REGISTERED NUMBER: 10476476)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Elterwater Holdings 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.

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover represents rents on land and buildings, exclusive of value added tax.

Tangible fixed assets
Freehold property is valued annually on a fair value basis by the directors and is based on rental yields of the individual properties.

No depreciation is charged on the company's freehold property since, in the opinion of the directors, and following an impairment review, there has been no change in the expected future useful economic life and residual value of the property.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


ELTERWATER HOLDINGS LIMITED (REGISTERED NUMBER: 10476476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 April 2022 624,000
Additions 8,700
Revaluations 168,300
At 31 March 2023 801,000
NET BOOK VALUE
At 31 March 2023 801,000
At 31 March 2022 624,000

Freehold properties were transferred from subsidiary undertaking, Elterwater Investments limited, at fair value basis on 31 March 2017. If freehold properties had not been included at fair value they would have been included at historical cost of £345,570 (2022 - £336,870).

Cost or valuation at 31 March 2023 is represented by:

Freehold
property
£   
Valuation in 2023 801,000

ELTERWATER HOLDINGS LIMITED (REGISTERED NUMBER: 10476476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 1,043,367
NET BOOK VALUE
At 31 March 2023 1,043,367
At 31 March 2022 1,043,367

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 65,354 145,810

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 4,101 11,434
Directors' current accounts 2,603 84,129
Accruals 2,395 840
9,099 96,403

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 58,594 54,555

Deferred
tax
£   
Balance at 1 April 2022 54,555
Charge to Statement of Income and Retained Earnings during year 4,039
Balance at 31 March 2023 58,594

9. ULTIMATE CONTROLLING PARTY

The company is under the joint control of Mrs Victoria Yearsley and Mrs Elizabeth Greenwood.