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REGISTERED NUMBER: 03143948 (England and Wales)















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: J A Griffin
R I Frankl
J S Brownson
Rev Canon R W Hawkins
P Hegarty
D McGurty
J Curry
Dr S K Archer
P O'Carroll





SECRETARY: R Fielding





REGISTERED OFFICE: Ashday Lea
Haslingden Road
Rawtenstall
Rossendale
Lancashire
BB4 6QX





REGISTERED NUMBER: 03143948 (England and Wales)





AUDITORS: Percy Westhead & Company
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 4 263,848 276,296

CURRENT ASSETS
Debtors 5 - 2,950
Cash at bank 38,323 17,567
38,323 20,517
CREDITORS
Amounts falling due within one year 6 6,685 7,069
NET CURRENT ASSETS 31,638 13,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,486

289,744

RESERVES
Income and expenditure account 295,486 289,744
295,486 289,744

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th September 2024 and were signed on its behalf by:





J Curry - Director


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 private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 10 (2023 - 10 ) .

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 233,267 43,029 276,296
Additions 5,848 1,166 7,014
Disposals (24,270 ) (10,117 ) (34,387 )
Revaluations 14,925 - 14,925
At 31st March 2024 229,770 34,078 263,848
NET BOOK VALUE
At 31st March 2024 229,770 34,078 263,848
At 31st March 2023 233,267 43,029 276,296

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 - 2,950

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax - 494
Accrued expenses 6,685 6,575
6,685 7,069

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Timothy A R Elston (Senior Statutory Auditor)
for and on behalf of Percy Westhead & Company

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.