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REGISTERED NUMBER: 09509852 (England and Wales)













ESL GROUP HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ESL GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09509852)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


ESL GROUP HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs J C Townsend
B D Townsend





SECRETARY: Mrs L E Townsend





REGISTERED OFFICE: 255 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 09509852 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

ESL GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09509852)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,066,280 2,066,280

CREDITORS
Amounts falling due within one year 5 375,869 296,474
NET CURRENT LIABILITIES (375,869 ) (296,474 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,690,411

1,769,806

CREDITORS
Amounts falling due after more than one
year

6

60,000

120,000
NET ASSETS 1,630,411 1,649,806

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Share premium 9 1,451,040 1,451,040
Retained earnings 9 174,371 193,766
SHAREHOLDERS' FUNDS 1,630,411 1,649,806

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 directors acknowledge their 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.

ESL GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09509852)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:




Mrs J C Townsend - Director



B D Townsend - Director


ESL GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09509852)

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

1. STATUTORY INFORMATION

ESL Group Holdings Limited is a private company, limited by shares , registered in England and Wales. 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 2,066,280
NET BOOK VALUE
At 31 December 2023 2,066,280
At 31 December 2022 2,066,280

ESL GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09509852)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Preference shares (see note 7) 60,000 60,000
Amounts owed to group undertakings 118,226 56,063
Other creditors 190,893 171,511
Sundry creditors and accruals 6,750 8,900
375,869 296,474

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Preference shares (see note 7) 60,000 120,000

7. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Preference shares 60,000 60,000

Amounts falling due between one and two years:
Preference shares 60,000 60,000

Amounts falling due between two and five years:
Preference shares - 60,000

The preference shares are entitled to a fixed preferential cumulative dividend at the rate of 5% per annum. In the event of a winding up of the company they are entitled to have the surplus assets applied to pay off the capital paid up on the shares and any arrears of the preferential dividend before capital paid up on ordinary shares is paid off. The preference shares carry no voting rights except where the dividends are in arrears or on a question of a winding up or reconstruction of the company.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,000 Ordinary £1 5,000 5,000

ESL GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 09509852)

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

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 193,766 1,451,040 1,644,806
Profit for the year 233,237 233,237
Dividends (252,632 ) (252,632 )
At 31 December 2023 174,371 1,451,040 1,625,411

10. RELATED PARTY DISCLOSURES

At the year-end £118,226 (2022: £56,063) was due to E.S.L. Holdings (Basildon) Limited, a wholly owned subsidiary.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by BD Townsend and members of his family who own all of the issued share capital.