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REGISTERED NUMBER: 08444344 (England and Wales)











Unaudited Financial Statements

for the Period

1 July 2022 to 31 October 2023

for

The Old Elm Tree Limited

The Old Elm Tree Limited (Registered number: 08444344)






Contents of the Financial Statements
for the Period 1 July 2022 to 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Old Elm Tree Limited

Company Information
for the Period 1 July 2022 to 31 October 2023







DIRECTORS: J R Dance
J Kimber





REGISTERED OFFICE: Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY





REGISTERED NUMBER: 08444344 (England and Wales)





ACCOUNTANTS: J & C Accountants Ltd
Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY

The Old Elm Tree Limited (Registered number: 08444344)

Balance Sheet
31 October 2023

31.10.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 21,566
- 21,566

CURRENT ASSETS
Stocks 6 - 10,150
Debtors 7 - 1,846
Cash at bank and in hand 31,815 42,905
31,815 54,901
CREDITORS
Amounts falling due within one year 8 31,438 57,404
NET CURRENT ASSETS/(LIABILITIES) 377 (2,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

377

19,063

CREDITORS
Amounts falling due after more than
one year

9

18,000

18,000
NET (LIABILITIES)/ASSETS (17,623 ) 1,063

The Old Elm Tree Limited (Registered number: 08444344)

Balance Sheet - continued
31 October 2023

31.10.23 30.6.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 101 101
Retained earnings (17,724 ) 962
SHAREHOLDERS' FUNDS (17,623 ) 1,063

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:





J R Dance - Director


The Old Elm Tree Limited (Registered number: 08444344)

Notes to the Financial Statements
for the Period 1 July 2022 to 31 October 2023

1. STATUTORY INFORMATION

The Old Elm Tree Limited is a private company, limited by shares, registered in England & Wales.The company's registered number is 08444344. The registered office address is Wyvols Court, Basingstoke Road, Swallowfield, Reading, RG7 1WY.The trading address is Beech Hill Road, Beech Hill, Reading, RG7 2AT.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


The Old Elm Tree Limited (Registered number: 08444344)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 31 October 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 16 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 31 October 2023 10,000
AMORTISATION
At 1 July 2022
and 31 October 2023 10,000
NET BOOK VALUE
At 31 October 2023 -
At 30 June 2022 -

The Old Elm Tree Limited (Registered number: 08444344)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 31 October 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 July 2022 5,000 58,637 63,637
Disposals (5,000 ) (58,637 ) (63,637 )
At 31 October 2023 - - -
DEPRECIATION
At 1 July 2022 - 42,071 42,071
Eliminated on disposal - (42,071 ) (42,071 )
At 31 October 2023 - - -
NET BOOK VALUE
At 31 October 2023 - - -
At 30 June 2022 5,000 16,566 21,566

6. STOCKS
31.10.23 30.6.22
£    £   
Stocks - 10,150

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 30.6.22
£    £   
Trade debtors - 1,846

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 30.6.22
£    £   
Trade creditors - 10,589
Taxation and social security 4,180 17,357
Other creditors 27,258 29,458
31,438 57,404

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 30.6.22
£    £   
Other creditors 18,000 18,000

The Old Elm Tree Limited (Registered number: 08444344)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 31 October 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 30.6.22
value: £    £   
100 Ordinary £1 100 100
1 Ordinary £1 1 1
101 101