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REGISTERED NUMBER: 09439876 (England and Wales)















Elsevier Group Ltd

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2023






Elsevier Group Ltd (Registered number: 09439876)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Elsevier Group Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr Z Bhatti
Mr I Bhatti
Mr M R Bhatti
Mr M I Bhatti
Mrs N A Bhatti
Mrs N I Bhatti





REGISTERED OFFICE: Beckett House
14 Billing Road
Northampton
NN1 5AW





REGISTERED NUMBER: 09439876 (England and Wales)





ACCOUNTANTS: Vanmali & Co Ltd
Chartered Certified Accountants
25A High Street
Daventry
Northamptonshire
NN11 4BG

Elsevier Group Ltd (Registered number: 09439876)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,480 11,131,559
Investments 5 200 200
110,680 11,131,759

CURRENT ASSETS
Debtors 10,420,300 -
Cash at bank 4,726 1,053,795
10,425,026 1,053,795
CREDITORS
Amounts falling due within one year 411,700 704,954
NET CURRENT ASSETS 10,013,326 348,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,124,006

11,480,600

CREDITORS
Amounts falling due after more than one
year

6

(89,367

)

(1,538,171

)

PROVISIONS FOR LIABILITIES (20,991 ) (237,500 )
NET ASSETS 10,013,648 9,704,929

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Share premium 4,200,575 4,200,575
Retained earnings 5,809,073 5,500,354
SHAREHOLDERS' FUNDS 10,013,648 9,704,929

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.

Elsevier Group Ltd (Registered number: 09439876)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 December 2023 and were signed on its behalf by:





Mr Z Bhatti - Director


Elsevier Group Ltd (Registered number: 09439876)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Elsevier Group Ltd 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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 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.

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.

Elsevier Group Ltd (Registered number: 09439876)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Employee succession trust
In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate payment arrangement" the Company does not include the assets and liabilities of the Trust on the balance sheet to the extent that it considers that it will not retain any economic benefit from the assets of the trust and will not have control of the rights or other access to those present economic benefits.

Land and buildings
Land and buildings are held as investment property and are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is recognized as profit or loss in the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 April 2022 11,136,724
Disposals (11,020,500 )
At 31 March 2023 116,224
DEPRECIATION
At 1 April 2022 5,165
Charge for year 579
At 31 March 2023 5,744
NET BOOK VALUE
At 31 March 2023 110,480
At 31 March 2022 11,131,559

Cost or valuation at 31 March 2023 is represented by:

Totals
£   
Valuation in 2022 40,000
Cost 76,224
116,224

Elsevier Group Ltd (Registered number: 09439876)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022
and 31 March 2023 200
NET BOOK VALUE
At 31 March 2023 200
At 31 March 2022 200

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 51,867 355,940

7. RELATED PARTY DISCLOSURES

The Company is under the control of the Trustees of The Elsevier Group Ltd Employee Succession Trust by virtue of its shareholding. The Trustee of the trust are:
Mr Mohammed Riaz Bhatti
Mr Mohammed Ilyas Bhatti
Mrs Adida Nasreen Bhatti
Mrs Nabila Ilyas Bhatti

Holding Company Elsevier transferred Freehold Property to two it's subsidiaries of the value £11,020,500 at its book value, hence no profit or loss arising on the transaction.