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REGISTERED NUMBER: 12311611 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

ELMS HOMES LIMITED

ELMS HOMES LIMITED (REGISTERED NUMBER: 12311611)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELMS HOMES LIMITED

COMPANY INFORMATION
for the Year Ended 31st August 2024







DIRECTOR: E J G Shoreman-Lawson





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 12311611 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

ELMS HOMES LIMITED (REGISTERED NUMBER: 12311611)

BALANCE SHEET
31st August 2024

31/8/24 31/8/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 10,000 10,000
Investments 5 100 -
Investment property 6 946,636 946,636
956,736 956,636

CURRENT ASSETS
Debtors 7 5,818 4,327
Cash at bank 1,438 2,829
7,256 7,156
CREDITORS
Amounts falling due within one year 8 320,854 301,006
NET CURRENT LIABILITIES (313,598 ) (293,850 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

643,138

662,786

CREDITORS
Amounts falling due after more than one year 9 (579,341 ) (568,345 )

PROVISIONS FOR LIABILITIES 11 (22,942 ) (30,603 )
NET ASSETS 40,855 63,838

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 40,755 63,738
SHAREHOLDERS' FUNDS 40,855 63,838

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

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.

ELMS HOMES LIMITED (REGISTERED NUMBER: 12311611)

BALANCE SHEET - continued
31st August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th April 2025 and were signed by:





E J G Shoreman-Lawson - Director


ELMS HOMES LIMITED (REGISTERED NUMBER: 12311611)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

Elms Homes 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 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.
Fixtures and fittings - None as not yet in use

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.

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.

Unlisted investments
Investments relate to an investment in an unlisted entity which is stated at cost less impairment. At each balance sheet date, the investment is assessed for indicators of impairment and where there are indicators of impairment, recoverable amount is assessed. If recoverable amount is less than carrying amount, the investment is written down to recoverable amount by way of an impairment loss which is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

ELMS HOMES LIMITED (REGISTERED NUMBER: 12311611)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st September 2023
and 31st August 2024 10,000
NET BOOK VALUE
At 31st August 2024 10,000
At 31st August 2023 10,000

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 100
At 31st August 2024 100
NET BOOK VALUE
At 31st August 2024 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2023
and 31st August 2024 946,636
NET BOOK VALUE
At 31st August 2024 946,636
At 31st August 2023 946,636

Fair value at 31st August 2024 is represented by:
£   
Valuation in 2021 74,069
Valuation in 2022 96,419
Valuation in 2023 (10,999 )
Cost 787,147
946,636

ELMS HOMES LIMITED (REGISTERED NUMBER: 12311611)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2024

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31/8/24 31/8/23
£    £   
Cost 787,147 787,147

Investment property was valued on an open market basis on 31st August 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Other debtors 200 200
Prepayments 5,618 4,127
5,818 4,327

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade creditors 1,056 -
Other creditors 418 2,691
Directors' current accounts 318,294 297,259
Accrued expenses 1,086 1,056
320,854 301,006

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans more 5 yrs non-inst 579,341 568,345

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 579,341 568,345

10. SECURED DEBTS

The following secured debts are included within creditors:

31/8/24 31/8/23
£    £   
Bank loans 579,341 568,345

The bank loans are secured on the properties to which they relate.

ELMS HOMES LIMITED (REGISTERED NUMBER: 12311611)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2024

11. PROVISIONS FOR LIABILITIES
31/8/24 31/8/23
£    £   
Deferred tax 22,942 30,603

Deferred
tax
£   
Balance at 1st September 2023 30,603
Credit to Statement of Income and Retained Earnings during year (7,661 )
Balance at 31st August 2024 22,942

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/24 31/8/23
value: £    £   
100 Ordinary £1 100 100