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Registered number: 13920802
ELM Lodge Holdings Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13920802
29 February 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,350,000 745,058
1,350,000 745,058
CURRENT ASSETS
Debtors 5 27,529 13,234
Cash at bank and in hand 7,389 1,387
34,918 14,621
Creditors: Amounts Falling Due Within One Year 6 (1,260,922 ) (798,017 )
NET CURRENT ASSETS (LIABILITIES) (1,226,004 ) (783,396 )
TOTAL ASSETS LESS CURRENT LIABILITIES 123,996 (38,338 )
NET ASSETS/(LIABILITIES) 123,996 (38,338 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 123,995 (38,339 )
SHAREHOLDERS' FUNDS 123,996 (38,338)
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
J S Egan
Director
20/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ELM Lodge Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13920802 . The registered office is Northgate House, North Gate, New Basford, Nottingham, NG7 7BQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
29 February 2024
£
Fair Value
As at 1 March 2023 745,058
Additions 364,138
Revaluations 240,804
As at 29 February 2024 1,350,000
5. Debtors
29 February 2024 28 February 2023
£ £
Due within one year
Other debtors 27,529 13,234
6. Creditors: Amounts Falling Due Within One Year
29 February 2024 28 February 2023
£ £
Trade creditors 11,930 -
Other loans 738,549 504,250
Other creditors 510,443 293,767
1,260,922 798,017
The loan of £657,701 (2023: £504,250) is secured over the investment property held within fixed assets.
7. Share Capital
29 February 2024 28 February 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3
Page 4
8. Related Party Transactions
At the year end, an amount of £292,890 (2023: £27,630) was owed to Egan BLG Limited.
At the year end, an amount of £5,150 (2023: £nil) was owed to 81 Holdings Limited.
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