IRIS Accounts Production v24.2.0.383 11535383 director 1.9.22 31.8.23 31.8.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115353832022-08-31115353832023-08-31115353832022-09-012023-08-31115353832021-08-31115353832021-09-012022-08-31115353832022-08-3111535383ns15:EnglandWales2022-09-012023-08-3111535383ns14:PoundSterling2022-09-012023-08-3111535383ns10:Director12022-09-012023-08-3111535383ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3111535383ns10:SmallEntities2022-09-012023-08-3111535383ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3111535383ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3111535383ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3111535383ns10:FullAccounts2022-09-012023-08-3111535383ns10:OrdinaryShareClass12022-09-012023-08-3111535383ns5:CurrentFinancialInstruments2023-08-3111535383ns5:CurrentFinancialInstruments2022-08-3111535383ns5:Non-currentFinancialInstruments2023-08-3111535383ns5:Non-currentFinancialInstruments2022-08-3111535383ns5:ShareCapital2023-08-3111535383ns5:ShareCapital2022-08-3111535383ns5:RetainedEarningsAccumulatedLosses2023-08-3111535383ns5:RetainedEarningsAccumulatedLosses2022-08-3111535383ns10:RegisteredOffice2022-09-012023-08-3111535383ns5:CostValuation2022-08-3111535383ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3111535383ns5:WithinOneYearns5:CurrentFinancialInstruments2022-08-3111535383ns5:Secured2023-08-3111535383ns5:Secured2022-08-3111535383ns10:OrdinaryShareClass12023-08-31
REGISTERED NUMBER: 11535383 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Eld Lane Management Ltd

Eld Lane Management Ltd (Registered number: 11535383)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Eld Lane Management Ltd (Registered number: 11535383)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 675,720 675,720

CURRENT ASSETS
Debtors 5 188,235 188,235
Cash at bank and in hand 7,393 28,867
195,628 217,102
CREDITORS
Amounts falling due within one year 6 487,039 448,298
NET CURRENT LIABILITIES (291,411 ) (231,196 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,309

444,524

CREDITORS
Amounts falling due after more than one year 7 357,088 387,323
NET ASSETS 27,221 57,201

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 27,121 57,101
SHAREHOLDERS' FUNDS 27,221 57,201

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 29 August 2024 and were signed by:



R Carbiner - Director


Eld Lane Management Ltd (Registered number: 11535383)

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

1. STATUTORY INFORMATION

Eld Lane Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11535383

Registered office: 41 Rowan Place
Colchester
CO1 1AJ

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Eld Lane Management Ltd (Registered number: 11535383)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.


Eld Lane Management Ltd (Registered number: 11535383)

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

2. ACCOUNTING POLICIES - continued
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.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2022
and 31 August 2023 675,720
NET BOOK VALUE
At 31 August 2023 675,720
At 31 August 2022 675,720

The investment is stated at cost.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 188,235 188,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Taxation and social security 11,342 11,342
Other creditors 475,697 436,956
487,039 448,298

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 357,088 387,323

Eld Lane Management Ltd (Registered number: 11535383)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 357,088 387,323

The bank loan is secured by a fixed and floating charge over all the property undertaking of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary 1 100 100

10. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under section 33.1A of FRS 102, from the requirement to disclose transactions with the wholly owned members of the group.

Included within other creditors is an amount of £473,314 (2022: £435,091) owed to companies in which the directors have material interest.

Included within other creditors is an amount of £1,723 (2022: £960) owed to the directors.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the director.