REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 5 April 2024 |
for |
Ell Investments Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 5 April 2024 |
for |
Ell Investments Limited |
Ell Investments Limited (Registered number: 11253940) |
Contents of the Financial Statements |
for the Year Ended 5 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Ell Investments Limited |
Company Information |
for the Year Ended 5 April 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Old Printers Yard |
156 South Street |
Dorking |
Surrey |
RH4 2HF |
Ell Investments Limited (Registered number: 11253940) |
Balance Sheet |
5 April 2024 |
5.4.24 | 5.4.23 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Investments | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 8 |
Retained earnings |
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. |
Ell Investments Limited (Registered number: 11253940) |
Balance Sheet - continued |
5 April 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Ell Investments Limited (Registered number: 11253940) |
Notes to the Financial Statements |
for the Year Ended 5 April 2024 |
1. | STATUTORY INFORMATION |
Ell Investments Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
Investments |
Investments are held at fair value and valued at the end of each accounting period. |
Going concern |
The directors consider the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. The directors have confirmed their continued support of the company for the foreseeable future. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
Ell Investments Limited (Registered number: 11253940) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2024 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.24 | 5.4.23 |
£ | £ |
Other debtors |
5. | CURRENT ASSET INVESTMENTS |
5.4.24 | 5.4.23 |
£ | £ |
Listed investments | 7,179,937 | 6,595,583 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.24 | 5.4.23 |
£ | £ |
Bank loans and overdrafts |
Other creditors |
Directors' loan accounts | 3,549,136 | 3,163,818 |
Accrued expenses |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
5.4.24 | 5.4.23 |
£ | £ |
Bank loans |
A charge is held over all accounts and securities, by Coutts & Company. This charge was created on 7th December 2018. |
8. | RESERVES |
Fair |
value |
reserve |
£ |
At 6 April 2023 |
Transfer to FV reserve | 412,017 |
At 5 April 2024 |
Ell Investments Limited (Registered number: 11253940) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2024 |
9. | RELATED PARTY DISCLOSURES |
An interest free loan of £2,000,000 was made by Louise Lawrence to the company. The balance is £2,040,011(2023 £2,104,650) outstanding at the balance sheet date. |
Emmelle Developments Limited, a company owned by the shareholders was charged interest of £49,709 (2023 £70,236) in the year and £nil (2022 £1,625,380) was due from the company at the year end. |
Emmelle Construction Limited, a company owned by the shareholders was paid interest of £24,714 (2023 £nil) and at the year end was owed £250,000 (2023 £nil) by the company at the year end. |