Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12059600 2022-07-01 2023-06-30 12059600 2021-07-01 2022-06-30 12059600 2023-06-30 12059600 2022-06-30 12059600 c:Director1 2022-07-01 2023-06-30 12059600 d:Buildings d:LongLeaseholdAssets 2023-06-30 12059600 d:Buildings d:LongLeaseholdAssets 2022-06-30 12059600 d:CurrentFinancialInstruments 2023-06-30 12059600 d:CurrentFinancialInstruments 2022-06-30 12059600 d:Non-currentFinancialInstruments 2023-06-30 12059600 d:Non-currentFinancialInstruments 2022-06-30 12059600 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12059600 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12059600 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 12059600 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 12059600 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 12059600 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 12059600 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 12059600 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 12059600 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 12059600 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-06-30 12059600 d:ShareCapital 2023-06-30 12059600 d:ShareCapital 2022-06-30 12059600 d:RetainedEarningsAccumulatedLosses 2023-06-30 12059600 d:RetainedEarningsAccumulatedLosses 2022-06-30 12059600 c:FRS102 2022-07-01 2023-06-30 12059600 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12059600 c:FullAccounts 2022-07-01 2023-06-30 12059600 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 12059600









ELS INVESTMENTS LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
ELS INVESTMENTS LTD
REGISTERED NUMBER: 12059600

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
263,979
263,979

  
263,979
263,979

Current assets
  

Cash at bank and in hand
 5 
11,877
13,575

  
11,877
13,575

Creditors: amounts falling due within one year
 6 
(90,971)
(86,952)

Net current liabilities
  
 
 
(79,094)
 
 
(73,377)

Total assets less current liabilities
  
184,885
190,602

Creditors: amounts falling due after more than one year
 7 
(187,640)
(187,640)

  

Net (liabilities)/assets
  
(2,755)
2,962


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(2,756)
2,961

  
(2,755)
2,962


Page 1

 
ELS INVESTMENTS LTD
REGISTERED NUMBER: 12059600
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
E L Stevens
Director

Date: 6 March 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ELS INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

ELS Investments Ltd is a private company limited by shares. The company is incorporated in England and Wales and its registered office is Aston House, Cornwall Avenue, London, N3 1LF. The registered number is 12059600.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

Whilst the company is in a net liabilities position, it retains the support of its shareholders and as such the director considers it appropriate to prepare the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
ELS INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
ELS INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Long-term leasehold property

£



Cost or valuation


At 1 July 2022
263,979



At 30 June 2023

263,979






Net book value



At 30 June 2023
263,979



At 30 June 2022
263,979

The 2023 valuations were made by the director, on an open market value for existing use basis.


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
11,877
13,575

11,877
13,575



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
106
107

Corporation tax
-
262

Other creditors
90,865
86,583

90,971
86,952


Page 5

 
ELS INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
187,640
187,640

187,640
187,640



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
107
107


107
107

Amounts falling due 1-2 years

Bank loans
107
107


107
107

Amounts falling due 2-5 years

Bank loans
320
320


320
320

Amounts falling due after more than 5 years

Bank loans
187,214
187,214

187,214
187,214

187,748
187,748



9.


Related party transactions

Included in other creditors is the balance of £90,865 (2022: £86,584) owed to the director of the company.
During the year under review, the company paid dividends of £Nil (2022: £2,000) to the director.

 
Page 6