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REGISTERED NUMBER: 03906300 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

ELM PARK SECURITIES LIMITED

ELM PARK SECURITIES LIMITED (REGISTERED NUMBER: 03906300)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELM PARK SECURITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Martin Ainsworth
David Mark Hurst



SECRETARY: Martin Ainsworth



REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH



REGISTERED NUMBER: 03906300 (England and Wales)



ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH



BANKERS: NatWest Bank plc
1 Hardman Boulevard
Manchester
M3 3AQ



SOLICITORS: Harrison Drury
1A Chapel Street
Winckley Square
Preston
Lancashire
PR1 8BU

ELM PARK SECURITIES LIMITED (REGISTERED NUMBER: 03906300)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,960 5,303
Investment property 5 1,025,000 1,025,000
1,031,960 1,030,303

CURRENT ASSETS
Debtors 6 60,955 69,715

CREDITORS
Amounts falling due within one year 7 38,367 38,427
NET CURRENT ASSETS 22,588 31,288
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,054,548

1,061,591

PROVISIONS FOR LIABILITIES 8 24,168 17,567
NET ASSETS 1,030,380 1,044,024

CAPITAL AND RESERVES
Called up share capital 9 3,000 3,000
Share premium 10 52,355 52,355
Fair value reserve 10 (2,563 ) (2,563 )
Retained earnings 10 977,588 991,232
SHAREHOLDERS' FUNDS 1,030,380 1,044,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ELM PARK SECURITIES LIMITED (REGISTERED NUMBER: 03906300)

BALANCE SHEET - continued
30 APRIL 2024


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 22 January 2025 and were signed on its behalf by:




Martin Ainsworth - Director



David Mark Hurst - Director


ELM PARK SECURITIES LIMITED (REGISTERED NUMBER: 03906300)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Elm Park Securities Limited is a private company, limited by shares , 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost

Fixed assets are initially recorded at cost and are stated in the accounts at cost less accumulated depreciation.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Other operating income
Amounts in other operating income relate to rents received net of value added tax which are recognised on the accruals basis.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

ELM PARK SECURITIES LIMITED (REGISTERED NUMBER: 03906300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023 14,540 15,918 30,458
Additions - 3,498 3,498
At 30 April 2024 14,540 19,416 33,956
DEPRECIATION
At 1 May 2023 14,540 10,615 25,155
Charge for year - 1,841 1,841
At 30 April 2024 14,540 12,456 26,996
NET BOOK VALUE
At 30 April 2024 - 6,960 6,960
At 30 April 2023 - 5,303 5,303

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,025,000
NET BOOK VALUE
At 30 April 2024 1,025,000
At 30 April 2023 1,025,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 11,769
Cost 1,013,231
1,025,000

If investment properties had not been revalued they would have been included at the following historical cost:

30/4/24 30/4/23
£    £   
Cost 1,013,231 1,013,231

Investment properties were valued on an open market basis on 30 April 2024 by the directors of the company .

ELM PARK SECURITIES LIMITED (REGISTERED NUMBER: 03906300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 3,120 6,514
Other debtors 57,835 63,201
60,955 69,715

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Taxation and social security 17,438 15,238
Other creditors 20,929 23,189
38,367 38,427

8. PROVISIONS FOR LIABILITIES
30/4/24 30/4/23
£    £   
Deferred tax 24,168 17,567

Deferred
tax
£   
Balance at 1 May 2023 17,567
Charge to Income Statement during year 345
Charge for increased tax rate 6,256
Balance at 30 April 2024 24,168

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
3,000 Ordinary £1 3,000 3,000

10. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 1 May 2023 991,232 52,355 (2,563 ) 1,041,024
Profit for the year 43,356 43,356
Dividends (57,000 ) (57,000 )
At 30 April 2024 977,588 52,355 (2,563 ) 1,027,380