Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31true2022-11-01falseProperty rental11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10420951 2022-11-01 2023-10-31 10420951 2021-11-01 2022-10-31 10420951 2023-10-31 10420951 2022-10-31 10420951 c:Director1 2022-11-01 2023-10-31 10420951 d:FreeholdInvestmentProperty 2022-11-01 2023-10-31 10420951 d:FreeholdInvestmentProperty 2023-10-31 10420951 d:FreeholdInvestmentProperty 2022-10-31 10420951 d:CurrentFinancialInstruments 2023-10-31 10420951 d:CurrentFinancialInstruments 2022-10-31 10420951 d:Non-currentFinancialInstruments 2023-10-31 10420951 d:Non-currentFinancialInstruments 2022-10-31 10420951 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10420951 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 10420951 d:ShareCapital 2023-10-31 10420951 d:ShareCapital 2022-10-31 10420951 d:RetainedEarningsAccumulatedLosses 2023-10-31 10420951 d:RetainedEarningsAccumulatedLosses 2022-10-31 10420951 c:FRS102 2022-11-01 2023-10-31 10420951 c:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 10420951 c:FullAccounts 2022-11-01 2023-10-31 10420951 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10420951 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 10420951










ELMDEN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
ELMDEN LIMITED
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ELMDEN LIMITED
FOR THE YEAR ENDED 31 OCTOBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Elmden Limited for the year ended 31 October 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the director of Elmden Limited in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Elmden Limited and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elmden Limited and its  director for our work or for this report.
 
 
It is your duty to ensure that Elmden Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Elmden Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Elmden Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







Shipleys Tax Planning
 
Shipleys

23 October 2024
Page 1

 
ELMDEN LIMITED
REGISTERED NUMBER: 10420951

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
2,227,880
873,190

  
2,227,880
873,190

Current assets
  

Debtors: amounts falling due after more than one year
 5 
400
-

Debtors: amounts falling due within one year
 5 
2,000
3,118

Cash at bank and in hand
 6 
4,916
88,833

  
7,316
91,951

Creditors: amounts falling due within one year
 7 
(2,153,628)
(904,691)

Net current liabilities
  
 
 
(2,146,312)
 
 
(812,740)

Total assets less current liabilities
  
81,568
60,450

  

Net assets
  
81,568
60,450


Capital and reserves
  

Called up share capital 
  
400
100

Profit and loss account
  
81,168
60,350

  
81,568
60,450


The director considers 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 director acknowledges his 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 profit and loss account 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 23 October 2024.





Page 2

 
ELMDEN LIMITED
REGISTERED NUMBER: 10420951

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023


Mazhar Khan
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
ELMDEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Elmden Limited is a company domiciled in England and Wales, registration number 10420951.  The registered office is Wharf House, Victoria Quays, Wharf Street, Sheffield, S2 5SY. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue 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, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss 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 balance sheet date in the countries where the Company operates and generates income.


 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

Page 4

 
ELMDEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 November 2022
873,190


Additions at cost
1,354,690



At 31 October 2023
2,227,880

The 2023 valuations were made by the director Mr Mazhar Khan, on an open market value for existing use basis.



At 31 October 2023




Page 5

 
ELMDEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
400
-

400
-


2023
2022
£
£

Due within one year

Other debtors
2,000
1,500

Prepayments and accrued income
-
1,618

2,000
3,118



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,916
88,833

4,916
88,833



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
4,883
11,179

Other creditors
2,141,537
892,072

Accruals and deferred income
7,208
1,440

2,153,628
904,691



8.


Related party transactions

At the balance sheet date, the company owed the director Mr Mazhar Khan £2,138,934 (2022: £867,559). This is included in other creditors due within one year.


Page 6