Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-052023-04-052022-04-06falseNo description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10209708 2022-04-06 2023-04-05 10209708 2021-04-06 2022-04-05 10209708 2023-04-05 10209708 2022-04-05 10209708 c:Director4 2022-04-06 2023-04-05 10209708 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2023-04-05 10209708 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2022-04-05 10209708 d:CurrentFinancialInstruments 2023-04-05 10209708 d:CurrentFinancialInstruments 2022-04-05 10209708 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 10209708 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-05 10209708 d:ShareCapital 2023-04-05 10209708 d:ShareCapital 2022-04-05 10209708 d:SharePremium 2023-04-05 10209708 d:SharePremium 2022-04-05 10209708 d:RetainedEarningsAccumulatedLosses 2023-04-05 10209708 d:RetainedEarningsAccumulatedLosses 2022-04-05 10209708 d:AcceleratedTaxDepreciationDeferredTax 2023-04-05 10209708 d:AcceleratedTaxDepreciationDeferredTax 2022-04-05 10209708 d:TaxLossesCarry-forwardsDeferredTax 2023-04-05 10209708 d:TaxLossesCarry-forwardsDeferredTax 2022-04-05 10209708 c:FRS102 2022-04-06 2023-04-05 10209708 c:AuditExempt-NoAccountantsReport 2022-04-06 2023-04-05 10209708 c:FullAccounts 2022-04-06 2023-04-05 10209708 c:PrivateLimitedCompanyLtd 2022-04-06 2023-04-05 10209708 2 2022-04-06 2023-04-05 iso4217:GBP xbrli:pure

Registered number: 10209708









ELVIN INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 5 APRIL 2023

 
ELVIN INVESTMENTS LIMITED
REGISTERED NUMBER: 10209708

BALANCE SHEET
AS AT 5 APRIL 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
18,367,744
17,805,538

  
18,367,744
17,805,538

Current assets
  

Debtors: amounts falling due within one year
 5 
1,527,492
1,521,962

Bank and cash balances
  
642,452
2,098,136

  
2,169,944
3,620,098

Creditors: amounts falling due within one year
 6 
(19,251)
(23,106)

Net current assets
  
 
 
2,150,693
 
 
3,596,992

Deferred tax
 7 
(442,935)
(601,484)

Net assets
  
 
 
20,075,502
 
 
20,801,046


Capital and reserves
  

Called up share capital 
  
17,350,452
17,350,452

Share premium account
  
188,157
188,157

Retained earnings
  
2,536,893
3,262,437

Shareholders' funds
  
20,075,502
20,801,046


Page 1

 
ELVIN INVESTMENTS LIMITED
REGISTERED NUMBER: 10209708
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2023

The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared and 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 & 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: 




S P Elvin
Director

Date: 6 March 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ELVIN INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1.


General information

Elvin Investments Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 10209708). The registered office address is at C/O Simon Elvin Limited Thomas Road, Wooburn Industrial Park, Wooburn Green, High Wycombe, Buckinghamshire, United Kingdom, HP10 0PE.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
ELVIN INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

2.Accounting policies (continued)

 
2.5

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Derivative financial instruments are classified as other financial instruments. They are measured at fair value on initial recognition and at the end of each reporting period, with changes in fairvalue recognised in profit or loss.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

Page 4

 
ELVIN INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

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 4 (2022 - 4).


Page 5

 
ELVIN INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

4.


Fixed asset investments





Listed investments

£



Valuation


At 6 April 2022 (as restated)
17,805,538


Additions
6,825,401


Disposals
(5,980,482)


Fair value movement
(282,713)



At 5 April 2023
18,367,744





5.


Debtors

As restated
2023
2022
£
£


Trade debtors
-
2,250

Other debtors
1,527,492
1,519,712

1,527,492
1,521,962



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
8,856

Accruals and deferred income
19,251
14,250

19,251
23,106


Page 6

 
ELVIN INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

7.


Deferred taxation




2023


£






At beginning of year
(601,484)


Charged to profit or loss
158,549



At end of year
(442,935)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Capital gains
(601,484)
(601,484)

Losses and other deductions
158,549
-

(442,935)
(601,484)


8.


Prior year adjustment

The comparative figures displayed on the Balance Sheet have also been restated for classification and presentational purposes.


9.


Related party transactions

At the balance sheet date the Company was owed £1,519,172 (2022 - £1,519,172) by the companies under common control. This loan is unsecured, interest free and is repayable on demand.


10.


Controlling party

The directors  do not consider there to be an ultimate controlling party.

 
Page 7