Elmscot Group Limited 05556267 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is that of a holding company Digita Accounts Production Advanced 6.30.9574.0 true false true true true true true true true true 05556267 2023-06-01 2024-05-31 05556267 2024-05-31 05556267 bus:OrdinaryShareClass1 2024-05-31 05556267 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 05556267 core:Non-currentFinancialInstruments 2024-05-31 05556267 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 05556267 bus:SmallEntities 2023-06-01 2024-05-31 05556267 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 05556267 bus:FilletedAccounts 2023-06-01 2024-05-31 05556267 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05556267 bus:RegisteredOffice 2023-06-01 2024-05-31 05556267 bus:CompanySecretaryDirector1 2023-06-01 2024-05-31 05556267 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 05556267 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05556267 core:Subsidiary1 2023-06-01 2024-05-31 05556267 core:Subsidiary1 1 2023-06-01 2024-05-31 05556267 core:Subsidiary1 countries:England 2023-06-01 2024-05-31 05556267 core:Subsidiary2 2023-06-01 2024-05-31 05556267 core:Subsidiary2 1 2023-06-01 2024-05-31 05556267 core:Subsidiary2 countries:England 2023-06-01 2024-05-31 05556267 core:Subsidiary3 2023-06-01 2024-05-31 05556267 core:Subsidiary3 1 2023-06-01 2024-05-31 05556267 core:Subsidiary3 countries:England 2023-06-01 2024-05-31 05556267 core:Subsidiary4 2023-06-01 2024-05-31 05556267 core:Subsidiary4 1 2023-06-01 2024-05-31 05556267 core:Subsidiary4 countries:England 2023-06-01 2024-05-31 05556267 core:Subsidiary5 2023-06-01 2024-05-31 05556267 core:Subsidiary5 1 2023-06-01 2024-05-31 05556267 core:Subsidiary5 countries:England 2023-06-01 2024-05-31 05556267 core:Subsidiary6 2023-06-01 2024-05-31 05556267 core:Subsidiary6 1 2023-06-01 2024-05-31 05556267 core:Subsidiary6 countries:England 2023-06-01 2024-05-31 05556267 core:Subsidiary7 2023-06-01 2024-05-31 05556267 core:Subsidiary7 1 2023-06-01 2024-05-31 05556267 core:Subsidiary7 countries:England 2023-06-01 2024-05-31 05556267 core:Subsidiary8 2023-06-01 2024-05-31 05556267 core:Subsidiary8 1 2023-06-01 2024-05-31 05556267 core:Subsidiary8 countries:England 2023-06-01 2024-05-31 05556267 countries:England 2023-06-01 2024-05-31 05556267 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 05556267 2022-06-01 2023-05-31 05556267 2023-05-31 05556267 bus:OrdinaryShareClass1 2023-05-31 05556267 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 05556267 core:Non-currentFinancialInstruments 2023-05-31 05556267 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 05556267 core:Subsidiary1 1 2022-06-01 2023-05-31 05556267 core:Subsidiary2 1 2022-06-01 2023-05-31 05556267 core:Subsidiary3 1 2022-06-01 2023-05-31 05556267 core:Subsidiary4 1 2022-06-01 2023-05-31 05556267 core:Subsidiary5 1 2022-06-01 2023-05-31 05556267 core:Subsidiary6 1 2022-06-01 2023-05-31 05556267 core:Subsidiary7 1 2022-06-01 2023-05-31 05556267 core:Subsidiary8 1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05556267

Elmscot Group Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 May 2024

 

Elmscot Group Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Elmscot Group Limited

Company Information

Director

D C McKenzie

Company secretary

D C McKenzie

Registered office

27 Warwick Road
Hale
Altrincham
WA15 9NP

Accountants

McKellens Limited
Chartered Accountants
11 Riverview
The Embankment Business Park
Vale Road
Heaton Mersey
Stockport
SK4 3GN

 

Elmscot Group Limited

(Registration number: 05556267)
Abridged Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

1,347,195

1,347,195

Current assets

 

Cash at bank and in hand

 

216

7,722

Creditors: Amounts falling due within one year

6.1

246,299

(472,512)

Net current assets/(liabilities)

 

246,515

(464,790)

Total assets less current liabilities

 

1,593,710

882,405

Creditors: Amounts falling due after more than one year

6.2

(549,149)

(647,431)

Accruals and deferred income

 

-

(29,787)

Net assets

 

1,044,561

205,187

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

1,044,461

205,087

Shareholders' funds

 

1,044,561

205,187

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Elmscot Group Limited

(Registration number: 05556267)
Abridged Balance Sheet as at 31 May 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 22 January 2025
 

D C McKenzie
Company secretary and director

   
     
 

Elmscot Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
27 Warwick Road
Hale
Altrincham
WA15 9NP

These financial statements were authorised for issue by the director on 22 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company and its subsidiary companies comprise a small group. The company has taken advantage of the exemption provided by Section 398 of the Compnaies Act 2006 and has not prepared group accounts..

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Elmscot Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investments

 

Elmscot Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

Total
£

Cost or valuation

At 1 June 2023

1,347,195

Provision

Carrying amount

At 31 May 2024

1,347,195

At 31 May 2023

1,347,195

2024
£

2023
£

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Broussa Day Nursery Limited

As Elmscot Group Limited

England

Ordinary

100%

100%

Chester Day Nursery Limited

As Elmscot Group Limited

England

Ordinary

100%

100%

Elmscot Day Nursery Limited

As Elmscot Group Limited

England

Ordinary

100%

100%

Hale Day Nursery Limited

As Elmscot Group Limited

England

Ordinary

100%

100%

Kids Collective Limited

As Elmscot Group Limited

England

Ordinary

100%

100%

Poppies Day Nursery (Knutsford) Limited

As Elmscot Group Limited

England

Ordinary

100%

100%

Willow Tree Day Nursery (Sale) Limited

As Elmscot Group Limited

England

Ordinary

100%

100%

Woodlands Nursery Limited

As Elmscot Group Limited

England

Ordniary

100%

100%

 

Elmscot Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

Subsidiary undertakings

Broussa Day Nursery Limited

The principal activity of Broussa Day Nursery Limited is Day Nursery. The profit for the financial period of Broussa Day Nursery Limited was £130,293 and the aggregate amount of capital and reserves at the end of the period was £8,809.

Chester Day Nursery Limited

The principal activity of Chester Day Nursery Limited is Day Nursery. The profit for the financial period of Chester Day Nursery Limited was £15,078 and the aggregate amount of capital and reserves at the end of the period was £11,798.

Elmscot Day Nursery Limited

The principal activity of Elmscot Day Nursery Limited is Day Nursery. The profit for the financial period of Elmscot Day Nursery Limited was £42,799 and the aggregate amount of capital and reserves at the end of the period was £9,436.

Hale Day Nursery Limited

The principal activity of Hale Day Nursery Limited is Day Nursery. The profit for the financial period of Hale Day Nursery Limited was £267,356 and the aggregate amount of capital and reserves at the end of the period was £16,823.

Kids Collective Limited

The principal activity of Kids Collective Limited is Out of school club. The profit for the financial period of Kids Collective Limited was £207,402 and the aggregate amount of capital and reserves at the end of the period was £7,259.

Poppies Day Nursery (Knutsford) Limited

The principal activity of Poppies Day Nursery (Knutsford) Limited is Day Nursery. The profit for the financial period of Poppies Day Nursery (Knutsford) Limited was £79,027 and the aggregate amount of capital and reserves at the end of the period was £(27,142).

Willow Tree Day Nursery (Sale) Limited

The principal activity of Willow Tree Day Nursery (Sale) Limited is Day Nursery. The profit for the financial period of Willow Tree Day Nursery (Sale) Limited was £50,088 and the aggregate amount of capital and reserves at the end of the period was £963.

Woodlands Nursery Limited

The principal activity of Woodlands Nursery Limited is Day Nursery. The profit for the financial period of Woodlands Nursery Limited was £39,246 and the aggregate amount of capital and reserves at the end of the period was £86.

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

 

Elmscot Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

6

Creditors

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £150,966 (2023 - £147,496).

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £549,149 (2023 - £647,431).

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Dividends

2024

2023

£

£

Interim dividend of £4,560.00 (2023 - £4,560.00) per ordinary share

456,000

456,000