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REGISTERED NUMBER: NI633318 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

ELDERWOOD INVESTMENTS LIMITED

ELDERWOOD INVESTMENTS LIMITED (REGISTERED NUMBER: NI633318)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

ELDERWOOD INVESTMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 AUGUST 2023







DIRECTOR: J T Johnston





REGISTERED OFFICE: 17 Old Church Lane
Aghalee
Antrim
BT67 0EY





REGISTERED NUMBER: NI633318 (Northern Ireland)





ACCOUNTANTS: Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT

ELDERWOOD INVESTMENTS LIMITED (REGISTERED NUMBER: NI633318)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 230,316 230,316

CURRENT ASSETS
Debtors 5 2 2

CREDITORS
Amounts falling due within one year 6 236,918 236,497
NET CURRENT LIABILITIES (236,916 ) (236,495 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,600

)

(6,179

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (6,602 ) (6,181 )
(6,600 ) (6,179 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 director and authorised for issue on 16 August 2024 and were signed by:





J T Johnston - Director


ELDERWOOD INVESTMENTS LIMITED (REGISTERED NUMBER: NI633318)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2023


1. STATUTORY INFORMATION

Elderwood Investments Limited is a private company, limited by shares , registered in Northern Ireland. 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 230,316
NET BOOK VALUE
At 31 August 2023 230,316
At 31 August 2022 230,316

ELDERWOOD INVESTMENTS LIMITED (REGISTERED NUMBER: NI633318)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Amounts owed by group undertakings 2 2

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Amounts owed to group undertakings 222,829 216,432
Directors' current accounts 13,321 19,321
Accrued expenses 768 744
236,918 236,497

7. ULTIMATE CONTROLLING PARTY

The controlling party is James Johnston Discretionary Trust.

The company is owned by James Johnston Discretionary Trust, the trustees of which are James Johnston Jnr and Adel Parke.

8. GOING CONCERN

At 31 August 2023 the company's liabilities exceeded its assets by £6,600.

The company is dependant on the continuing support of its director to meet its commitments as they fall due.

The director has plans in place to ensure that the company deals with the outstanding liabilities in the near future.

On the basis that the directors continue to support the company they believe it can continue as a going concern.

ELDERWOOD INVESTMENTS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
ELDERWOOD INVESTMENTS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


16 August 2024