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REGISTERED NUMBER: 04795146 (England and Wales)






















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

ELCOT CAPITAL MANAGEMENT LIMITED

ELCOT CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04795146)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ELCOT CAPITAL MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: M A Vogel
H Carrington
L A Wiseman



SECRETARY: H Carrington



REGISTERED OFFICE: 6 Queripel House
1 Duke Of York Square
SW3 4LY



REGISTERED NUMBER: 04795146 (England and Wales)



SENIOR STATUTORY AUDITOR: Andrew Fox



AUDITORS: George Hay & Company
Chartered Accountants
& Statutory Auditors
83 Cambridge Street
London
SW1V 4PS

ELCOT CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04795146)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 440,419 458,083
Cash at bank 739,876 1,015,603
1,180,295 1,473,686
CREDITORS
Amounts falling due within one year 6 677,694 765,436
NET CURRENT ASSETS 502,601 708,250
TOTAL ASSETS LESS CURRENT
LIABILITIES

502,601

708,250

CAPITAL AND RESERVES
Called up share capital 210,000 210,000
Retained earnings 292,601 498,250
SHAREHOLDERS' FUNDS 502,601 708,250

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th September 2024 and were signed on its behalf by:





L A Wiseman - Director


ELCOT CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04795146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Elcot Capital Management 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.

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.

Turnover
Turnover is attributable to the one principal activity of the company and represents fees received in respect of investment fund management advice.

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

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and 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.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

ELCOT CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04795146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Assets and liabilities in foreign currencies are translated into sterling at rates of exchange ruling at the end of the financial year. All exchange differences are dealt with in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st June 2023
and 31st May 2024 46,461
DEPRECIATION
At 1st June 2023
and 31st May 2024 46,461
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 385,966 387,423
Other debtors 1,627 11,403
Lease deposit 32,043 32,043
Prepayments 20,783 27,214
440,419 458,083

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 69,253 66,760
Social security and other taxes 5,453 5,873
Other creditors 146,945 156,010
Dividends payable 400,000 430,000
Accrued expenses 56,043 106,793
677,694 765,436

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Fox (Senior Statutory Auditor)
for and on behalf of George Hay & Company

ELCOT CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04795146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

8. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to help prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.