REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 |
FOR |
ELLINGHAM HOUSE FLATS LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 |
FOR |
ELLINGHAM HOUSE FLATS LTD |
ELLINGHAM HOUSE FLATS LTD (REGISTERED NUMBER: 13174204) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2023 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
ELLINGHAM HOUSE FLATS LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
6 Manor Park Business Centre |
Mackenzie Way |
Cheltenham |
Gloucestershire |
GL51 9TX |
ELLINGHAM HOUSE FLATS LTD (REGISTERED NUMBER: 13174204) |
ABRIDGED STATEMENT OF FINANCIAL POSITION |
31 AUGUST 2023 |
31.8.23 | 31.8.22 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
5 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Non-distributable reserve | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
ELLINGHAM HOUSE FLATS LTD (REGISTERED NUMBER: 13174204) |
ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
31 AUGUST 2023 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
ELLINGHAM HOUSE FLATS LTD (REGISTERED NUMBER: 13174204) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2023 |
1. | STATUTORY INFORMATION |
Ellingham House Flats Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going Concern |
The company relies on the support of other businesses in which the director has an involvement to provide it with working capital. The director has considered the likely income and expenditure of the company for a period of at least 12 months from the date of approval of these financial statements and determined that, having taken into account the ongoing uncertainties connected with the recent covid-19 pandemic and other factors affecting the global economy, the company will be able to generate sufficient funds to meet its liabilities as they fall due and that, as a result it is appropriate to prepare these financial statements on the basis that the company is a going concern. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
An amount equal to any upwards revaluation, net of the associated provision for deferred taxation, is transferred to a non-distributable reserve. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
ELLINGHAM HOUSE FLATS LTD (REGISTERED NUMBER: 13174204) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 September 2022 |
and 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
At 31 August 2022 |
Fair value at 31 August 2023 is represented by: |
£ |
Valuation in 2022 | 249,010 |
Cost | 1,245,990 |
1,495,000 |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
31.8.23 | 31.8.22 |
£ | £ |
Repayable otherwise than by instalments |
Bank loans |
6. | SECURED DEBTS |
Various lenders have been granted security for their advances as charges over the respective properties for which their funding has been provided. |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.23 | 31.8.22 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
8. | RESERVES |
Non-distributable |
reserve |
£ |
At 1 September 2022 |
and 31 August 2023 |
ELLINGHAM HOUSE FLATS LTD (REGISTERED NUMBER: 13174204) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2023 |
9. | RELATED PARTY DISCLOSURES |
Crystalight Limited |
Company under common control |
H Kaveh Baghbadrani, director of the company, is also a director and shareholder of Crystalight Limited. This company has received working capital funding from the related party. At the year end the company owed £171,115 (2022: £298,159) to the related party, which is shown in 'other creditors' in the balance sheet. This debt is unsecured; no terms of interest or repayment have been agreed. |
H Mirkamali |
Wife of the sole director and shareholder |
The related party paid costs on behalf of this company on an arm's length basis. At the year end £nil (2022: £1,335) was due to the related party. This debt is unsecured; no terms of interest or repayment have been agreed. |
Mirkamali Limited |
Company under common control |
The related party borrowed money from this company on an arm's length basis. At the year end £289 (2022: £121) was due from the related party. This debt is unsecured; no terms of interest or repayment have been agreed. |
Cedarbranch Limited |
Company under common control |
The related party borrowed money from this company on an arm's length basis. At the year end £84 (2022: £134) was due from the related party. This debt is unsecured; no terms of interest or repayment have been agreed. |
Watin Limited |
Company under common control |
The related party borrowed money from this company on an arm's length basis, which has been repaid in full during the year. At the year end £nil (2022: £2,180) was due from the related party. |
R Kaveh |
Daughter of the sole director and shareholder |
This company paid costs on behalf of the related party on an arm's length basis. At the year end £390 was due from the related party. This debt is unsecured; no terms of interest or repayment have been agreed. |
Ellingham House Limited |
Company under common control |
The related party borrowed money from this company on an arm's length basis. At the year end £13,499 was due from the related party. This debt is unsecured; no terms of interest or repayment have been agreed. |