2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-06 Sage Accounts Production Advanced 2023 - FRS102_2023 48,707 48,707 48,707 xbrli:pure xbrli:shares iso4217:GBP 00976220 2022-04-06 2023-04-05 00976220 2023-04-05 00976220 2022-04-05 00976220 2021-04-06 2022-04-05 00976220 2022-04-05 00976220 2021-04-05 00976220 bus:Director1 2022-04-06 2023-04-05 00976220 core:WithinOneYear 2023-04-05 00976220 core:WithinOneYear 2022-04-05 00976220 core:ShareCapital 2023-04-05 00976220 core:ShareCapital 2022-04-05 00976220 core:RetainedEarningsAccumulatedLosses 2023-04-05 00976220 core:RetainedEarningsAccumulatedLosses 2022-04-05 00976220 bus:SmallEntities 2022-04-06 2023-04-05 00976220 bus:AuditExemptWithAccountantsReport 2022-04-06 2023-04-05 00976220 bus:SmallCompaniesRegimeForAccounts 2022-04-06 2023-04-05 00976220 bus:PrivateLimitedCompanyLtd 2022-04-06 2023-04-05 00976220 bus:FullAccounts 2022-04-06 2023-04-05 00976220 core:ConstructionInProgressAssetsUnderConstruction 2023-04-05 00976220 core:ConstructionInProgressAssetsUnderConstruction 2022-04-05 00976220 core:KeyManagementIndividualGroup1 2022-04-06 2023-04-05 00976220 core:KeyManagementIndividualGroup1 2023-04-05 00976220 core:KeyManagementIndividualGroup1 2022-04-05
COMPANY REGISTRATION NUMBER: 00976220
Eldermere Investments Limited
Filleted Unaudited Financial Statements
For the year ended
5 April 2023
Eldermere Investments Limited
Statement of Financial Position
5 April 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
48,707
48,707
Current assets
Stocks
4,295
4,295
Debtors
6
13,936
13,936
--------
--------
18,231
18,231
Creditors: amounts falling due within one year
7
70,483
65,655
--------
--------
Net current liabilities
52,252
47,424
--------
--------
Total assets less current liabilities
( 3,545)
1,283
-------
-------
Net (liabilities)/assets
( 3,545)
1,283
-------
-------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
( 4,545)
283
-------
-------
Shareholders funds
( 3,545)
1,283
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 5 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Eldermere Investments Limited
Statement of Financial Position (continued)
5 April 2023
These financial statements were approved by the board of directors and authorised for issue on 5 April 2024 , and are signed on behalf of the board by:
Mr S A B Macdonald
Director
Company registration number: 00976220
Eldermere Investments Limited
Notes to the Financial Statements
Year ended 5 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Townends Accountants LLP, Goole, East Yorkshire, DN14 5DX.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The Statement of financial position at 5 April 2023 shows net current liabilities. The directors have provided loan finance to the company in the sum of £69,355. The directors have confirmed this support will continue for the foreseeable future and will, where necessary, be increased to enable the company to continue normal operations. The accounts are therefore prepared on a going concern basis.
(b) Revenue recognition
Income from rents receivable is recognised in accordance with the terms of the relevant lease agreement.
(c) Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
(e) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(f) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities .
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Assets under construction
£
Cost
At 6 April 2022 and 5 April 2023
48,707
--------
Depreciation
At 6 April 2022 and 5 April 2023
--------
Carrying amount
At 5 April 2023
48,707
--------
At 5 April 2022
48,707
--------
6. Debtors
2023
2022
£
£
Other debtors
13,936
13,936
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Directors loan accounts
69,355
65,091
Other creditors
1,128
564
--------
--------
70,483
65,655
--------
--------
8. Related party transactions
During the year the directors have made loans available to the company. At the balance sheet date, the balance owing totalled £ 69,355 (2022 - £ 65,091 ). No interest was charged on the loan in the 2023 year and the loan is repayable on demand .