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REGISTERED NUMBER: 00361411 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ELLIS AND SONS (SOUTHERN) PROPERTY
INVESTMENTS LIMITED

ELLIS AND SONS (SOUTHERN) PROPERTY
INVESTMENTS LIMITED (REGISTERED NUMBER: 00361411)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


ELLIS AND SONS (SOUTHERN) PROPERTY
INVESTMENTS LIMITED (REGISTERED NUMBER: 00361411)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible fixed assets 4 1,742 -
Investments 5 2,327,273 2,327,273
Investment property 6 10,483,000 10,477,000
12,812,015 12,804,273

CURRENT ASSETS
Debtors 7 2,488,846 19,241
Cash at bank 641,447 2,182,496
3,130,293 2,201,737
CREDITORS
Amounts falling due within one year 8 183,624 65,211
NET CURRENT ASSETS 2,946,669 2,136,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,758,684

14,940,799

PROVISIONS FOR LIABILITIES 9 624,249 510,055
NET ASSETS 15,134,435 14,430,744

CAPITAL AND RESERVES
Called up share capital 10 10,914 10,914
Non distributable reserve 10,141,129 6,196,679
Retained earnings 4,982,392 8,223,151
SHAREHOLDERS' FUNDS 15,134,435 14,430,744

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 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.

ELLIS AND SONS (SOUTHERN) PROPERTY
INVESTMENTS LIMITED (REGISTERED NUMBER: 00361411)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





Mr J L C Campbell - Director


ELLIS AND SONS (SOUTHERN) PROPERTY
INVESTMENTS LIMITED (REGISTERED NUMBER: 00361411)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Ellis And Sons (Southern) Property Investments Limited 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: 00361411

Registered office: 5 Brooklands Place
Brooklands Road
Sale
Cheshire
M33 3SD

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The results are presented for the company as a single entity only.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover represents gross rental income received from investment properties held.

ELLIS AND SONS (SOUTHERN) PROPERTY
INVESTMENTS LIMITED (REGISTERED NUMBER: 00361411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amounts of its furniture and equipment to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

If the recoverable amount of an asset is estimated to be less than it's carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Investment property
Investment property is carried at fair value and revaluation surpluses are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The effect of this departure from the Companies Act 2006 has not been quantified because it is impracticable and, in the opinion of the directors, would be misleading.

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

Financial instruments are recognised 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, which include trade debtors, other 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. Financial assets classified as receivable within one year are not amortised.

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, including trade creditors, accruals and deferred income and amounts owed to group undertakings, 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 are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.


ELLIS AND SONS (SOUTHERN) PROPERTY
INVESTMENTS LIMITED (REGISTERED NUMBER: 00361411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Going concern
Based on current trading and future expectations, the director is confident the company will continue to trade profitably in future periods and generate sufficient cash flows to meet its obligations as they fall due for payment.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 1,793
At 31 December 2023 1,793
DEPRECIATION
Charge for year 51
At 31 December 2023 51
NET BOOK VALUE
At 31 December 2023 1,742

ELLIS AND SONS (SOUTHERN) PROPERTY
INVESTMENTS LIMITED (REGISTERED NUMBER: 00361411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 2,327,273
NET BOOK VALUE
At 31 December 2023 2,327,273
At 31 December 2022 2,327,273

In the opinion of the directors, the aggregate value of the assets of the company consisting of shares in, or amounts owing from the participating interest, is not less than the amounts at which those assets are stated or included in the company's balance sheet.

6. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2023 10,477,000
Additions 195,247
Revaluations (189,247 )
At 31 December 2023 10,483,000
NET BOOK VALUE
At 31 December 2023 10,483,000
At 31 December 2022 10,477,000

The investment properties were valued on the tenanted open market value basis at 31 December 2023 by the company's property managers to the value of £10,483,000 (2022: £10,477,000).

Cost or valuation at 31 December 2023 is represented by:
£   
Valuation in 2023 10,483,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 314,444 13,951
Directors' loan accounts 2,174,269 -
Prepayments and accrued income 133 5,290
2,488,846 19,241

ELLIS AND SONS (SOUTHERN) PROPERTY
INVESTMENTS LIMITED (REGISTERED NUMBER: 00361411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 9,723
Corporation tax 172,432 45,561
Accruals and deferred income 11,192 9,927
183,624 65,211

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 624,249 510,055

Deferred
tax
£   
Balance at 1 January 2023 510,055
Provided during year 114,194
Balance at 31 December 2023 624,249

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,914 Ordinary £1 10,914 10,914

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr J L C Campbell
Balance outstanding at start of year - -
Amounts advanced 2,174,269 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,174,269 -

J L C Campbell repaid £1,835,000 of the loan on 18th September 2024.

ELLIS AND SONS (SOUTHERN) PROPERTY
INVESTMENTS LIMITED (REGISTERED NUMBER: 00361411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


12. RELATED PARTY DISCLOSURES

At the 31 December 2023 the company owed £150,000 (2022: £Nil) to Delaheys Land Investments Limited, a company of which J L Campbell is also a director.

At the 31 December 2023 the company owed £20,000 (2022: £Nil) to Hunky Dory Music Limited, a company of which J L Campbell is also a director.

At the 31 December 2023 the company owed £125 (2022: £Nil) to W. & H Elliotts Limited, a company of which J L Campbell is also a director.







13. ULTIMATE PARENT COMPANY

The ultimate controlling parties are the Trustees of the Jamie Campbell Settlement, through their majority control of the company's parent, Campbell Property Holdings Limited, a company incorporated in England and Wales.