REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2024 |
FOR |
ELPREM LIMITED |
(A COMPANY LIMITED BY GUARANTEE) |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2024 |
FOR |
ELPREM LIMITED |
(A COMPANY LIMITED BY GUARANTEE) |
ELPREM LIMITED |
(A COMPANY LIMITED BY GUARANTEE) (REGISTERED NUMBER: 03143948) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ELPREM LIMITED |
(A COMPANY LIMITED BY GUARANTEE) |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
and Statutory Auditors |
Hanover House |
30-32 Charlotte Street |
Manchester |
M1 4FD |
ELPREM LIMITED |
(A COMPANY LIMITED BY GUARANTEE) (REGISTERED NUMBER: 03143948) |
BALANCE SHEET |
31ST MARCH 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
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 |
ELPREM LIMITED |
(A COMPANY LIMITED BY GUARANTEE) (REGISTERED NUMBER: 03143948) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2024 |
1. | STATUTORY INFORMATION |
Elprem Limited (A Company Limited by Guarantee) is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is the total amount receivable by the company for donations, legacies and fund raising activities and interest on loans to masonic halls. Donations are recognised in the accounts at the date when these are advised to the company. Legacies are recognised in the accounts when these are received. Interest on loans to other masonic organisations is recognised in the accounts on an accruals basis. The turnover was derived from the company's principal activity which was carried out wholly in the UK. |
Investment income and interest receivable |
Investment income comprises dividends and interest receivable on listed investments. |
Dividends are accrued when the underlying security is quoted ex-dividend. Interest on interest bearing securities is included in the income and expenditure account on an accruals basis with only the amount earned since the date of acquisition being recognised. |
Interest on bank deposits is recognised in the accounts on an accruals basis and is stated gross. |
Fixed asset investments |
Listed investments are measured at fair value. Changes in fair value are recognised in the income and expenditure account. Fair value is based on the mid market price. Unlisted investments comprise loans to other masonic organisations and are included at cost less amounts repaid. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
ELPREM LIMITED |
(A COMPANY LIMITED BY GUARANTEE) (REGISTERED NUMBER: 03143948) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2024 |
4. | FIXED ASSET INVESTMENTS |
Listed | Unlisted |
investments | investments | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1st April 2023 | 276,296 |
Additions | 7,014 |
Disposals | ( |
) | ( |
) | (34,387 | ) |
Revaluations | 14,925 |
At 31st March 2024 | 263,848 |
NET BOOK VALUE |
At 31st March 2024 | 263,848 |
At 31st March 2023 | 276,296 |
Cost or valuation at 31st March 2024 is represented by: |
Listed | Unlisted |
investments | investments | Totals |
£ | £ | £ |
Valuation in 2024 | 229,770 | - | 229,770 |
Cost | - | 34,078 | 34,078 |
229,770 | 34,078 | 263,848 |
Unlisted investments comprise loans to other masonic organisations. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Corporation tax |
Accrued expenses |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | COMPANY STATUS |
Elprem Limited is a company limited by guarantee. The guarantors are the members of the company. Their liability in respect of the guarantee as set out in the Memorandum of Association is limited to £1 per member. |
ELPREM LIMITED |
(A COMPANY LIMITED BY GUARANTEE) (REGISTERED NUMBER: 03143948) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2024 |
9. | MEMBERS' FUNDS |
As the company has no shareholders, the whole of its Funds and Reserves relate to its members. |