Registered number
13753158
Elm Tree House Limited
Filleted Accounts
30 November 2023
Elm Tree House Limited
Registered number: 13753158
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 1,250,000 647,209
Current assets
Debtors 4 1,500 21,561
Cash at bank and in hand 615 2,093
2,115 23,654
Creditors: amounts falling due within one year 5 (220,334) (716,261)
#NAME? (218,219) (692,607)
Total assets less current liabilities 1,031,781 (45,398)
Creditors: amounts falling due after more than one year 6 (859,301) -
Provisions for liabilities (89,668) -
#NAME? 82,812 (45,398)
Capital and reserves
Called up share capital 102 100
Profit and loss account 82,710 (45,498)
Shareholders' funds 82,812 (45,398)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J A B Cross
Director
Approved by the board on 29 July 2024
Elm Tree House Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 December 2022 647,209
Additions 244,120
Revaluation 358,671
At 30 November 2023 1,250,000
Historical cost
At 1 December 2022 647,209
At 30 November 2023 891,329
2023 2022
£ £
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Unlisted investments 358,671 -
4 Debtors 2023 2022
£ £
Other debtors 1,500 21,561
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 501,500
Amounts owed to group undertakings and undertakings in which the company has a participating interest 216,274 4,974
Other creditors 4,060 209,787
220,334 716,261
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 859,301 -
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 859,301 501,500
The bank loan is secured by means of a floating charge over all the property and undertakings of the company.
8 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 6,046 -
9 Controlling party
By virtue of a majority shareholding the ultimate controlling party at the year end was Maun River Group Ltd.
10 Other information
Elm Tree House Limited is a private company limited by shares and incorporated in England. Its registered office is:
22a Main Road
Gedling
Nottingham
NG4 3HP
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