Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30true2022-12-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09291844 2022-12-01 2023-11-30 09291844 2021-12-01 2022-11-30 09291844 2023-11-30 09291844 2022-11-30 09291844 c:Director1 2022-12-01 2023-11-30 09291844 d:FurnitureFittings 2022-12-01 2023-11-30 09291844 d:FurnitureFittings 2022-11-30 09291844 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 09291844 d:LeaseholdInvestmentProperty 2023-11-30 09291844 d:LeaseholdInvestmentProperty 2022-11-30 09291844 d:CurrentFinancialInstruments 2023-11-30 09291844 d:CurrentFinancialInstruments 2022-11-30 09291844 d:Non-currentFinancialInstruments 2023-11-30 09291844 d:Non-currentFinancialInstruments 2022-11-30 09291844 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09291844 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 09291844 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 09291844 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 09291844 d:ShareCapital 2023-11-30 09291844 d:ShareCapital 2022-11-30 09291844 d:RetainedEarningsAccumulatedLosses 2023-11-30 09291844 d:RetainedEarningsAccumulatedLosses 2022-11-30 09291844 c:FRS102 2022-12-01 2023-11-30 09291844 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09291844 c:FullAccounts 2022-12-01 2023-11-30 09291844 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09291844 d:FurnitureFittings d:PriorPeriodIncreaseDecrease 2022-12-01 2023-11-30 09291844 2 2022-12-01 2023-11-30 09291844 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 09291844









ELM ENTERPRISES LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2023

 
ELM ENTERPRISES LTD
REGISTERED NUMBER: 09291844

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,444
4,592

Investment property
 6 
1,755,833
1,755,833

  
1,759,277
1,760,425

Current assets
  

Debtors: amounts falling due within one year
 7 
1,183
852

Cash at bank and in hand
 8 
4,160
5,466

  
5,343
6,318

Creditors: amounts falling due within one year
 9 
(891,043)
(888,734)

Net current liabilities
  
 
 
(885,700)
 
 
(882,416)

Total assets less current liabilities
  
873,577
878,009

Creditors: amounts falling due after more than one year
 10 
(818,377)
(818,377)

  

Net assets
  
55,200
59,632


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
45,200
49,632

  
55,200
59,632


Page 1

 
ELM ENTERPRISES LTD
REGISTERED NUMBER: 09291844
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
L KATSANTONIS
Director

Date: 19 August 2024

Page 2

 
ELM ENTERPRISES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

ELM Enterprises Ltd is a private company limited by shares and is incorporated and domiciled in England and Wales, registration number 09291844. The registered office is 56A Haverstock Hill, London NW3 2BH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes.
Revenue comprises rental income, service charges and other sums receivable from the investment properties. Other sums comprise insurance charges, supplies of utilities, premia associated with surrender of tenancies, commissions, fees and other sundry income.
All the properties are leased out under operating leases and are included in investment property in the balance sheet. Rental income from operating leases is recognised in the profit or loss on a straight-line basis over the lease term. Rent received in advance is deferred in the balance sheet and recognised in the period to which it relates to. If the company provides incentives to its customers the incentives are recognised over the lease term on a straight-line basis.
Service charges and other sums receivable from tenants are recognised on an accruals basis by reference to the stage of completion of the relevant service or transactions at the reporting date. These services generally relate to a 12-month period.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
ELM ENTERPRISES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ELM ENTERPRISES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2022 - 1).


4.


Interest payable and similar expenses

2023
2022
£
£


Bank interest payable
26,236
26,765

26,236
26,765


5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 December 2022
12,710



At 30 November 2023
12,710



Depreciation


At 1 December 2022
8,118


Charge for the period on owned assets
1,148



At 30 November 2023
9,266



Net book value



At 30 November 2023
3,444



At 30 November 2022
4,592

Page 5

 
ELM ENTERPRISES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

6.


Investment property


Investment property

£



Valuation


At 1 December 2022
1,755,833



At 30 November 2023
1,755,833

The 2023 valuations were made by the director, on an open market value for existing use basis.



At 30 November 2023





7.


Debtors

2023
2022
£
£


Prepayments and accrued income
1,183
852

1,183
852



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,160
5,466

4,160
5,466


Page 6

 
ELM ENTERPRISES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
656
1,110

Corporation tax
-
1,071

Other creditors
890,010
885,014

Accruals and deferred income
377
1,539

891,043
888,734



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
818,377
818,377

818,377
818,377


Page 7