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REGISTERED NUMBER: SC174755 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

ELIEMOUNT LIMITED

ELIEMOUNT LIMITED (REGISTERED NUMBER: SC174755)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

ELIEMOUNT LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Ms M I Laing
J A Laing





SECRETARY: Ms M I Laing





REGISTERED OFFICE: Wayman Lodge Milton Of Arbuthnott
Arbuthnott
Laurencekirk
Kincardineshire
AB30 1PF





REGISTERED NUMBER: SC174755 (Scotland)





ACCOUNTANTS: Enrich Tax Consultancy Ltd
4 Kingshill Park
Venture Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FL

ELIEMOUNT LIMITED (REGISTERED NUMBER: SC174755)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 41,615 40,912
41,615 40,912

CURRENT ASSETS
Debtors 6 2,865 3,235
Cash at bank 34,401 66,238
37,266 69,473
CREDITORS
Amounts falling due within one year 7 2,508 2,202
NET CURRENT ASSETS 34,758 67,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,373

108,183

PROVISIONS FOR LIABILITIES 103 -
NET ASSETS 76,270 108,183

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 308 (9,038 )
Retained earnings 9 75,862 117,121
SHAREHOLDERS' FUNDS 76,270 108,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 16 February 2025 and were signed on its behalf by:





Ms M I Laing - Director


ELIEMOUNT LIMITED (REGISTERED NUMBER: SC174755)

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

1. STATUTORY INFORMATION

Eliemount Limited is a private company, limited by shares , registered in Scotland. 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
The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 2,564
DEPRECIATION
At 1 June 2023
and 31 May 2024 2,564
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

ELIEMOUNT LIMITED (REGISTERED NUMBER: SC174755)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2023 40,912
Additions 41,204
Disposals (48,659 )
Revaluations 8,158
At 31 May 2024 41,615
NET BOOK VALUE
At 31 May 2024 41,615
At 31 May 2023 40,912

Cost or valuation at 31 May 2024 is represented by:

Other
investments
£   
Valuation in 2015 (14,463 )
Valuation in 2016 (67 )
Valuation in 2017 2,463
Valuation in 2018 425
Valuation in 2019 1,991
Valuation in 2020 (523 )
Valuation in 2021 (3,434 )
Valuation in 2022 2,920
Valuation in 2023 2,938
Valuation in 2024 8,158
Cost 41,207
41,615

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 2,865 3,235

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 2,508 2,202

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

ELIEMOUNT LIMITED (REGISTERED NUMBER: SC174755)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2023 117,121 (9,038 ) 108,083
Deficit for the year (2,913 ) (2,913 )
Dividends (29,000 ) (29,000 )
Revaluation (9,346 ) 9,346 -
At 31 May 2024 75,862 308 76,170

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Ms M I Laing
Balance outstanding at start of year (312 ) 1,457
Amounts repaid (312 ) (1,769 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (624 ) (312 )

The loan is interest free and there are no fixed repayment terms.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Eliemount Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eliemount Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Eliemount Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eliemount Limited and state those matters that we have agreed to state to the Board of Directors of Eliemount Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Eliemount Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Eliemount Limited. You consider that Eliemount Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eliemount 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.






Enrich Tax Consultancy Ltd
4 Kingshill Park
Venture Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FL


16 February 2025