REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 January 2024 |
for |
Elliot Properties (Uk) Ltd |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 January 2024 |
for |
Elliot Properties (Uk) Ltd |
Elliot Properties (Uk) Ltd (Registered number: 07963380) |
Contents of the Financial Statements |
for the Year Ended 30 January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Elliot Properties (Uk) Ltd |
Company Information |
for the Year Ended 30 January 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
116 Duke Street |
Liverpool |
Merseyside |
L1 5JW |
Elliot Properties (Uk) Ltd (Registered number: 07963380) |
Balance Sheet |
30 January 2024 |
30.1.24 | 30.1.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
Elliot Properties (Uk) Ltd (Registered number: 07963380) |
Balance Sheet - continued |
30 January 2024 |
The financial statements were approved by the director and authorised for issue on |
Elliot Properties (Uk) Ltd (Registered number: 07963380) |
Notes to the Financial Statements |
for the Year Ended 30 January 2024 |
1. | STATUTORY INFORMATION |
Elliot Properties (Uk) Ltd is a |
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 in the UK and Republic of Ireland'' including provisions of Section 1A ''Small Entities'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention and prepared on a going concern basis, management have determined the Covid - 19 pandemic is not expected to have significant impact on the entity's ability to continue as a going concern. |
Significant judgements and estimates |
The director has made a judgement that a debt previously written off is now recoverable, further details are given in the prior year adjustments note. |
There are no other judgements that have a significant impact on the financial statements. |
Turnover |
Turnover, derived from ordinary activities represents rental income which is recognised as the rent becomes due. |
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 or loss. |
Financial instruments |
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss 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. |
Elliot Properties (Uk) Ltd (Registered number: 07963380) |
Notes to the Financial Statements - continued |
for the Year Ended 30 January 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
Financial instruments |
Short term debtors and creditors are measured at transaction price, less any impairment where applicable. |
Bank loans are initially measured at the transaction price, net of transaction costs, and subsequently measured at ammortised cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 31 January 2023 |
Additions |
At 30 January 2024 |
NET BOOK VALUE |
At 30 January 2024 |
At 30 January 2023 |
Investment properties are valued annually by the director who does not believe the value has changed since last year. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.1.24 | 30.1.23 |
£ | £ |
Trade debtors |
Other debtors |
Elliot Properties (Uk) Ltd (Registered number: 07963380) |
Notes to the Financial Statements - continued |
for the Year Ended 30 January 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.1.24 | 30.1.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.1.24 | 30.1.23 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 1,672,699 | 1,541,052 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.1.24 | 30.1.23 |
£ | £ |
Bank loans |
9. | RESERVES |
Fair |
value |
reserve |
£ |
At 31 January 2023 |
Transfer to fair value | (138,460 | ) |
At 30 January 2024 |
10. | RELATED PARTY DISCLOSURES |
Included in other debtors is £135,483 (2023 £135,483) due from HDCO EPL 1 Limited, a company under common control. |
11. | ULTIMATE CONTROLLING PARTY |
The controlling party is E Lawless. |