Company Registration No. 11846398 (England and Wales)
Elmire House Ltd
Unaudited accounts
for the year ended 30 November 2023
Elmire House Ltd
Unaudited accounts
Contents
Elmire House Ltd
Company Information
for the year ended 30 November 2023
Director
Christopher Paton
Company Number
11846398 (England and Wales)
Registered Office
40 Warton Terrace
Newcastle upon Tyne
NE6 5LS
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Elmire House Ltd
Accountants' report
Accountants' report to the director of Elmire House Ltd on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Elmire House Ltd for the year ended
30 November 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Elmire House Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Elmire House Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elmire House Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Elmire House Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Elmire House Ltd. You consider that Elmire House Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Elmire House Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
9 July 2024
Elmire House Ltd
Statement of financial position
as at 30 November 2023
Investment property
700,000
770,000
Cash at bank and in hand
367
5,509
Creditors: amounts falling due within one year
(1,806)
(2,187)
Net current (liabilities)/assets
(1,439)
3,322
Total assets less current liabilities
698,561
773,322
Creditors: amounts falling due after more than one year
(476,723)
(489,171)
Net assets
221,838
284,151
Called up share capital
100
100
Revaluation reserve
99,729
169,729
Profit and loss account
122,009
114,322
Shareholders' funds
221,838
284,151
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 August 2024 and were signed on its behalf by
Christopher Paton
Director
Company Registration No. 11846398
Elmire House Ltd
Notes to the Accounts
for the year ended 30 November 2023
Elmire House Ltd is a private company, limited by shares, registered in England and Wales, registration number 11846398. The registered office is 40 Warton Terrace, Newcastle upon Tyne, NE6 5LS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 December 2022
770,000
Net loss from fair value adjustments
(70,000)
At 30 November 2023
700,000
Elmire House Ltd
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
382
Loans from directors
531
530
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
461,489
465,737
Amounts owed to group undertakings and other participating interests
2,783
10,983
Other creditors
12,451
12,451
Aggregate of amounts that fall due for payment after five years
436,050
436,050
In May 2020, the company received a Bounce Back Loan of £35,000, which is a 100% UK Government backed loan.
Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government.
After the first 12 months, an interest rate of 2.5% is applicable.
The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme.
8
Transactions with related parties
Included in long term creditors are balances of £2,783 (2022- £10,983) owed to parent company Aspire North East Limited, and £12,451 (2022 - £12,451) owed to related companies.
These loans are interest-free and repayable on demand.
Aspire North East Limited
Clavering House, Clavering Place
Newcastle upon Tyne
Tyne and Wear
NE1 3NG
England
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).