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REGISTERED NUMBER: 03443653 (England and Wales)















ELECTRA HOLDINGS LIMITED

Unaudited Financial Statements

For The Year Ended 31 January 2024






ELECTRA HOLDINGS LIMITED (REGISTERED NUMBER: 03443653)

Contents of the Financial Statements
For The Year Ended 31 January 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ELECTRA HOLDINGS LIMITED

Company Information
For The Year Ended 31 January 2024







DIRECTORS: E N Heesom
J R Heesom
S Tibbals
C I Wall
Mrs W M D Heesom
Mrs V L M Whale





SECRETARY: Ms S J Large





REGISTERED OFFICE: Roughway Mill
Dunks Green
Tonbridge
Kent
TN11 9SG





REGISTERED NUMBER: 03443653 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Chartered Accountants
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

ELECTRA HOLDINGS LIMITED (REGISTERED NUMBER: 03443653)

Abridged Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 527,380 -
Investments 5 2,607,097 2,607,097
3,134,477 2,607,097

CURRENT ASSETS
Debtors 89,220 118,245
Cash at bank 20,998 22,378
110,218 140,623
CREDITORS
Amounts falling due within one year 1,932,930 1,191,298
NET CURRENT LIABILITIES (1,822,712 ) (1,050,675 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,311,765

1,556,422

CREDITORS
Amounts falling due after more than one
year

400,000

567,313
NET ASSETS 911,765 989,109

CAPITAL AND RESERVES
Called up share capital 200,000 200,000
Retained earnings 711,765 789,109
911,765 989,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

ELECTRA HOLDINGS LIMITED (REGISTERED NUMBER: 03443653)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





E N Heesom - Director


ELECTRA HOLDINGS LIMITED (REGISTERED NUMBER: 03443653)

Notes to the Financial Statements
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

Electra 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on cost

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 in subsidiaries are valued at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

ELECTRA HOLDINGS LIMITED (REGISTERED NUMBER: 03443653)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 528,821
At 31 January 2024 528,821
DEPRECIATION
Charge for year 1,441
At 31 January 2024 1,441
NET BOOK VALUE
At 31 January 2024 527,380

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 February 2023
and 31 January 2024 2,607,097
NET BOOK VALUE
At 31 January 2024 2,607,097
At 31 January 2023 2,607,097

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Easterhouse Limited.

7. SHARE CAPITAL TREATED AS A DEBT

The 600,000 issued 8% Preference Shares have been treated as debt falling due within one year £200,000 (2023: £200,000) and falling due after more than one year £400,000 (2023: £400,000).