Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-04-01falseNo description of principal activity22true 11761175 2023-04-01 2024-03-31 11761175 2024-03-31 11761175 2022-04-01 2023-03-31 11761175 2023-03-31 11761175 c:Director1 2023-04-01 2024-03-31 11761175 c:Director2 2023-04-01 2024-03-31 11761175 c:RegisteredOffice 2023-04-01 2024-03-31 11761175 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 11761175 d:FreeholdInvestmentProperty 2024-03-31 11761175 d:FreeholdInvestmentProperty 2023-03-31 11761175 d:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 11761175 d:CurrentFinancialInstruments 2024-03-31 11761175 d:CurrentFinancialInstruments 2023-03-31 11761175 d:Non-currentFinancialInstruments 2024-03-31 11761175 d:Non-currentFinancialInstruments 2023-03-31 11761175 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11761175 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11761175 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11761175 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11761175 d:ShareCapital 2024-03-31 11761175 d:ShareCapital 2023-03-31 11761175 d:SharePremium 2024-03-31 11761175 d:SharePremium 2023-03-31 11761175 d:RetainedEarningsAccumulatedLosses 2024-03-31 11761175 d:RetainedEarningsAccumulatedLosses 2023-03-31 11761175 c:FRS102 2023-04-01 2024-03-31 11761175 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11761175 c:FullAccounts 2023-04-01 2024-03-31 11761175 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11761175 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 11761175







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


ELDERHEATH LIMITED






































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ELDERHEATH LIMITED
 


 
COMPANY INFORMATION


Directors
D R Ivimy 
G R Ivimy 




Registered number
11761175



Registered office
Broom Lea Cottage
Heath Lane

Albury Heath

Guildford

Surrey

GU5 9DD




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


ELDERHEATH LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


ELDERHEATH LIMITED
REGISTERED NUMBER:11761175



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
6,604,035
6,513,862

  
6,604,035
6,513,862

Current assets
  

Debtors: amounts falling due within one year
 5 
9,486
4,671

Cash at bank and in hand
  
116,485
69,695

  
125,971
74,366

Creditors: amounts falling due within one year
 6 
(746,085)
(716,978)

Net current liabilities
  
 
 
(620,114)
 
 
(642,612)

Total assets less current liabilities
  
5,983,921
5,871,250

Creditors: amounts falling due after more than one year
 7 
(2,413,409)
(2,870,430)

Provisions for liabilities
  

Deferred tax
  
(120,824)
-

  
 
 
(120,824)
 
 
-

Net assets
  
3,449,688
3,000,820


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Share premium account
  
2,929,203
2,929,203

Profit and loss account
  
519,485
70,617

  
3,449,688
3,000,820


Page 1

 


ELDERHEATH LIMITED
REGISTERED NUMBER:11761175


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 on 30 September 2024.




................................................
D R Ivimy
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


ELDERHEATH LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Elderheath Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office and principal place of business is disclosed on the company information page.
The company's functional and presentational currency is GBP.

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

Revenue consists of rent income and 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. 

 
2.3

Borrowing costs

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

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


ELDERHEATH LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings, 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of financial position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 


ELDERHEATH LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Freehold investment properties

£



Valuation


At 1 April 2023
6,513,862


Disposals
(393,123)


Surplus on revaluation
483,296



At 31 March 2024
6,604,035

The 2024 valuations were made by a professional surveyor, on an open market value for existing use basis.





5.


Debtors

2024
2023
£
£


Trade debtors
3,184
933

Other debtors
1,240
890

Prepayments and accrued income
5,062
2,848

9,486
4,671



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
778
-

Corporation tax
31,820
3,667

Other taxation and social security
992
1,185

Other creditors
642,405
650,405

Accruals and deferred income
70,090
61,721

746,085
716,978


Page 5

 


ELDERHEATH LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,413,409
2,870,430

2,413,409
2,870,430


Details of security provided:
The bank loans held at the period end are secured by way of a charge on the investment properties included in fixed assets as at 31 March 2024.

 
Page 6