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REGISTERED NUMBER: 04551663 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Elm House Ullswater Limited

Elm House Ullswater Limited (Registered number: 04551663)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elm House Ullswater Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M F Vause
Mrs A Vause





REGISTERED OFFICE: Elm House
Pooley Bridge
Penrith
Cumbria
CA10 2NH





REGISTERED NUMBER: 04551663 (England and Wales)





ACCOUNTANTS: Egan Roberts Limited
Accountants
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Elm House Ullswater Limited (Registered number: 04551663)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 276,908 243,597

CURRENT ASSETS
Stocks 11,353 8,932
Debtors 5 - 90
Cash at bank and in hand 40,662 124,347
52,015 133,369
CREDITORS
Amounts falling due within one year 6 91,313 83,066
NET CURRENT (LIABILITIES)/ASSETS (39,298 ) 50,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,610

293,900

CREDITORS
Amounts falling due after more than
one year

7

15,000

24,167
NET ASSETS 222,610 269,733

CAPITAL AND RESERVES
Called up share capital 8 300,100 300,100
Retained earnings 9 (77,490 ) (30,367 )
SHAREHOLDERS' FUNDS 222,610 269,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Elm House Ullswater Limited (Registered number: 04551663)

Balance Sheet - continued
31 December 2023


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

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 14 August 2024 and were signed on its behalf by:





M F Vause - Director


Elm House Ullswater Limited (Registered number: 04551663)

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

1. STATUTORY INFORMATION

Elm House Ullswater Limited 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.

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.
Improvements to property - 2% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Elm House Ullswater Limited (Registered number: 04551663)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 246,053 21,920 153,285
Additions 4,507 1,805 46,956
At 31 December 2023 250,560 23,725 200,241
DEPRECIATION
At 1 January 2023 30,682 8,888 142,922
Charge for year 4,921 3,443 10,099
At 31 December 2023 35,603 12,331 153,021
NET BOOK VALUE
At 31 December 2023 214,957 11,394 47,220
At 31 December 2022 215,371 13,032 10,363

Elm House Ullswater Limited (Registered number: 04551663)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 3,900 8,096 433,254
Additions - 545 53,813
At 31 December 2023 3,900 8,641 487,067
DEPRECIATION
At 1 January 2023 975 6,190 189,657
Charge for year 975 1,064 20,502
At 31 December 2023 1,950 7,254 210,159
NET BOOK VALUE
At 31 December 2023 1,950 1,387 276,908
At 31 December 2022 2,925 1,906 243,597

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments - 90

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 23,475 12,960
Social security and other taxes 5,573 4,844
VAT 10,511 12,388
Other creditors - 295
Directors' current accounts 2,323 2,323
Accrued expenses 39,431 40,256
91,313 83,066

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,000 14,167
15,000 24,167

Elm House Ullswater Limited (Registered number: 04551663)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
300,000 Redeemable Preference £1 300,000 300,000
300,100 300,100

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (30,367 )
Deficit for the year (47,123 )
At 31 December 2023 (77,490 )