Silverfin false false 31/01/2025 01/02/2024 31/01/2025 Mrs J Kingdon 05/07/1991 Mrs K Rosser 05/07/1991 Mrs I Rosser 14/02/2013 18 March 2025 The principal activity of the Company during the year was property investment and development. 00949328 2025-01-31 00949328 bus:Director1 2025-01-31 00949328 bus:Director2 2025-01-31 00949328 bus:Director3 2025-01-31 00949328 2024-01-31 00949328 core:CurrentFinancialInstruments 2025-01-31 00949328 core:CurrentFinancialInstruments 2024-01-31 00949328 core:ShareCapital 2025-01-31 00949328 core:ShareCapital 2024-01-31 00949328 core:RetainedEarningsAccumulatedLosses 2025-01-31 00949328 core:RetainedEarningsAccumulatedLosses 2024-01-31 00949328 bus:OrdinaryShareClass1 2025-01-31 00949328 2024-02-01 2025-01-31 00949328 bus:FilletedAccounts 2024-02-01 2025-01-31 00949328 bus:SmallEntities 2024-02-01 2025-01-31 00949328 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 00949328 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 00949328 bus:Director1 2024-02-01 2025-01-31 00949328 bus:Director2 2024-02-01 2025-01-31 00949328 bus:Director3 2024-02-01 2025-01-31 00949328 2023-02-01 2024-01-31 00949328 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 00949328 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 00949328 1 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00949328 (England and Wales)

ELM DEVELOPMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

ELM DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

ELM DEVELOPMENTS LIMITED

BALANCE SHEET

As at 31 January 2025
ELM DEVELOPMENTS LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Investment property 3 4,135,000 4,135,000
4,135,000 4,135,000
Current assets
Debtors 4 237,539 242,404
Cash at bank and in hand 1,707,714 1,872,337
1,945,253 2,114,741
Creditors: amounts falling due within one year 5 ( 307,185) ( 304,119)
Net current assets 1,638,068 1,810,622
Total assets less current liabilities 5,773,068 5,945,622
Provision for liabilities ( 41,000) ( 41,000)
Net assets 5,732,068 5,904,622
Capital and reserves
Called-up share capital 6 500,000 500,000
Profit and loss account 5,232,068 5,404,622
Total shareholder's funds 5,732,068 5,904,622

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Elm Developments Limited (registered number: 00949328) were approved and authorised for issue by the Board of Directors on 18 March 2025. They were signed on its behalf by:

Mrs K Rosser
Director
ELM DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
ELM DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Elm Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business is:

Hawthorn House
Emperor Way
Exeter Business Park
Exeter, EX1 3QS
United Kingdom

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of rental income receivable in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue in the period to which it relates with accrued and deferred income being adjusted as necessary.

Interest income

Interest income is recognised over time based on the amount outstanding and the effective interest rate.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 2

3. Investment property

Investment property
£
Valuation
As at 01 February 2024 4,135,000
As at 31 January 2025 4,135,000

The directors assessed the value of the property as at 31 January 2025 and determined there was no change in the fair value of the investment properties at that date. The historic cost of the investment properties is £3,148,875 (2024 - £3,148,875)

4. Debtors

2025 2024
£ £
Trade debtors 0 6,835
Amounts owed by Group undertakings 231,033 231,864
Prepayments 277 231
Other debtors 6,229 3,474
237,539 242,404

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 5,686 0
Accruals 23,448 24,731
Taxation and social security 119,970 107,577
Other creditors 158,081 171,811
307,185 304,119

6. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
500,000 Ordinary shares of £ 1.00 each 500,000 500,000

7. Reserves

As at 31 Jan 2025, the profit and loss account included £455,326 (2024: £455,326) of non-distributable reserves where deferred tax of £41,000 (2024: £41,000) arising on the revaluation is included within the reserves. This relates to the revaluation surplus on investment properties.

8. Ultimate controlling party

Parent Company:

Elm Developments Holdings Limited
Hawthorn house
Emperor Way
Exeter Business Park
Exeter
EX1 3QS
United Kingdom

The group is exempt from preparing consolidated accounts.