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REGISTERED NUMBER: 03716789 (England and Wales)















ELTERWATER INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






ELTERWATER INVESTMENTS LIMITED (REGISTERED NUMBER: 03716789)

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 INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







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



SECRETARY: Mrs S E Calder



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



REGISTERED NUMBER: 03716789 (England and Wales)



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



BANKERS: Lloyds Bank
76 Stamford New Road
Altrincham
Cheshire
WA14 1BS

ELTERWATER INVESTMENTS LIMITED (REGISTERED NUMBER: 03716789)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,904,029 1,694,427

CURRENT ASSETS
Debtors 5 9,050 18,665
Cash at bank 1,269 74,796
10,319 93,461
CREDITORS
Amounts falling due within one year 6 123,119 200,764
NET CURRENT LIABILITIES (112,800 ) (107,303 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,791,229

1,587,124

PROVISIONS FOR LIABILITIES 7 171,969 181,465
NET ASSETS 1,619,260 1,405,659

CAPITAL AND RESERVES
Called up share capital 1,150 1,150
Share premium 302,409 302,409
Capital redemption reserve 501 501
Retained earnings 1,315,200 1,101,599
SHAREHOLDERS' FUNDS 1,619,260 1,405,659

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 INVESTMENTS LIMITED (REGISTERED NUMBER: 03716789)

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 INVESTMENTS LIMITED (REGISTERED NUMBER: 03716789)

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


1. STATUTORY INFORMATION

Elterwater Investments 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on cost

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.

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 INVESTMENTS LIMITED (REGISTERED NUMBER: 03716789)

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.

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 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Office
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 1,693,500 12,508 1,706,008
Additions 5,268 1,121 6,389
Revaluations 204,065 - 204,065
At 31 March 2023 1,902,833 13,629 1,916,462
DEPRECIATION
At 1 April 2022 - 11,581 11,581
Charge for year - 852 852
At 31 March 2023 - 12,433 12,433
NET BOOK VALUE
At 31 March 2023 1,902,833 1,196 1,904,029
At 31 March 2022 1,693,500 927 1,694,427

Freehold properties are included at fair value basis after transition to FRS 102 (Section 1A). If freehold properties had not been included at fair value they would have been included at historical cost of £743,687 (2022 : £738,419).

ELTERWATER INVESTMENTS LIMITED (REGISTERED NUMBER: 03716789)

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


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Freehold Office
property equipment Totals
£    £    £   
Valuation in 2023 1,902,833 - 1,902,833
Cost - 13,629 13,629
1,902,833 13,629 1,916,462

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 743,687 738,419

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Debtors 8,140 17,282
Other debtors 910 1,383
9,050 18,665

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Deferred income 31,439 30,816
Amounts owed to group undertakings 65,354 145,810
Corporation tax 9,308 14,496
Social security and other taxes 5,227 -
Value added tax 3,963 2,367
Other creditors 257 -
Accruals 7,571 7,275
123,119 200,764

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 171,969 181,465

ELTERWATER INVESTMENTS LIMITED (REGISTERED NUMBER: 03716789)

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


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 181,465
Credit to Statement of Income and Retained Earnings during year (9,496 )
Balance at 31 March 2023 171,969

8. CONTROLLING PARTY

The company is under the control of Elterwater Holdings Limited who own 76% of the issued shares.