ELM Lodge Holdings Limited 13920802 false 2022-02-16 2023-02-28 2023-02-28 The principal activity of the company is buying and selling of own real estate, other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 13920802 2022-02-16 2023-02-28 13920802 2023-02-28 13920802 bus:OrdinaryShareClass1 bus:OtherShareType 2023-02-28 13920802 core:CurrentFinancialInstruments 2023-02-28 13920802 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13920802 bus:SmallEntities 2022-02-16 2023-02-28 13920802 bus:AuditExemptWithAccountantsReport 2022-02-16 2023-02-28 13920802 bus:FullAccounts 2022-02-16 2023-02-28 13920802 bus:SmallCompaniesRegimeForAccounts 2022-02-16 2023-02-28 13920802 bus:RegisteredOffice 2022-02-16 2023-02-28 13920802 bus:Director1 2022-02-16 2023-02-28 13920802 bus:OrdinaryShareClass1 bus:OtherShareType 2022-02-16 2023-02-28 13920802 bus:PrivateLimitedCompanyLtd 2022-02-16 2023-02-28 13920802 countries:EnglandWales 2022-02-16 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13920802

ELM Lodge Holdings Limited

Unaudited Filleted Financial Statements

for the Period from 16 February 2022 to 28 February 2023

 

ELM Lodge Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

ELM Lodge Holdings Limited

Company Information

Director

Mr J S Egan

Registered office

Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

Accountants

RWB CA Limited
Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

 

ELM Lodge Holdings Limited

(Registration number: 13920802)
Balance Sheet as at 28 February 2023

Note

2023
£

Fixed assets

 

Investment property

4

745,058

Current assets

 

Debtors

5

13,234

Cash at bank and in hand

 

1,387

 

14,621

Creditors: Amounts falling due within one year

6

(798,017)

Net current liabilities

 

(783,396)

Net liabilities

 

(38,338)

Capital and reserves

 

Called up share capital

8

1

Retained earnings

(38,339)

Shareholders' deficit

 

(38,338)

For the financial period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 February 2024
 

.........................................
Mr J S Egan
Director

 

ELM Lodge Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 16 February 2022 to 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

These financial statements were authorised for issue by the director on 14 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Investment property

In this initial preiod and whilst the property remains under construction the investment property, which is property held to earn rentals and/or for capital appreciation, is recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it will be measured at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

ELM Lodge Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 16 February 2022 to 28 February 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Investment properties

2023
£

Additions

745,058

At 28 February

745,058

There has been no valuation of investment property by an independent valuer.

5

Debtors

2023
£

Prepayments

13,234

13,234

 

ELM Lodge Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 16 February 2022 to 28 February 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

7

504,250

Accruals and deferred income

 

7,506

Other creditors

 

286,261

 

798,017

7

Loans and borrowings

2023
£

Current loans and borrowings

Other borrowings

504,250

Secured Liabilities

The loan of £504,250 is secured over the assets to which it relates.

8

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary shares of £1 each

1

1