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REGISTERED NUMBER: 00559387 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

ELLIS & COMPANY (MOTORS) LIMITED

ELLIS & COMPANY (MOTORS) LIMITED (REGISTERED NUMBER: 00559387)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ELLIS & COMPANY (MOTORS) LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mrs B J Johnston
R Evans





SECRETARY: Mrs B J Johnston





REGISTERED OFFICE: New Park Farm
Northaw Road West
Northaw
Potters Bar
Hertfordshire
EN6 4NT





REGISTERED NUMBER: 00559387 (England and Wales)





ACCOUNTANTS: Cox & Co. (Accountancy) Limited
Chartered Accountants
The Granary
High Street
Turvey
Bedford
Bedfordshire
MK43 8DB

ELLIS & COMPANY (MOTORS) LIMITED (REGISTERED NUMBER: 00559387)

Balance Sheet
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,749,734 5,622,616

CURRENT ASSETS
Debtors 5 461,389 478,170
Cash at bank 20,934 30,101
482,323 508,271
CREDITORS
Amounts falling due within one year 6 739,755 694,830
NET CURRENT LIABILITIES (257,432 ) (186,559 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,492,302

5,436,057

CAPITAL AND RESERVES
Called up share capital 1,902 1,902
Retained earnings 5,490,400 5,434,155
SHAREHOLDERS' FUNDS 5,492,302 5,436,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 2 May 2025 and were signed on its behalf by:





Mrs B J Johnston - Director


ELLIS & COMPANY (MOTORS) LIMITED (REGISTERED NUMBER: 00559387)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Ellis & Company (Motors) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2024 5,511,544 130,085 5,641,629
Additions - 127,414 127,414
At 31 March 2025 5,511,544 257,499 5,769,043
DEPRECIATION
At 1 April 2024 - 19,013 19,013
Charge for year - 296 296
At 31 March 2025 - 19,309 19,309
NET BOOK VALUE
At 31 March 2025 5,511,544 238,190 5,749,734
At 31 March 2024 5,511,544 111,072 5,622,616

ELLIS & COMPANY (MOTORS) LIMITED (REGISTERED NUMBER: 00559387)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2025 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2019 4,664,173 - 4,664,173
Valuation in 2023 (55,790 ) - (55,790 )
Cost 903,161 257,499 1,160,660
5,511,544 257,499 5,769,043

The accounts are prepared under Financial Reporting Standard (FRS) 102 (1A). This requires that investment property is recorded at fair value. In previous year's the exemption that fair value cannot be measured reliably without undue cost or effort, was taken advantage of which required the cost basis to be used. However, a valuation was obtained at considerable cost at 31 March 2019 and these valuations form the investment property asset value in these accounts.

The valuation was carried out by an independent professional valuer who is FRICS qualified.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 461,389 478,170

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 624,954 622,540
Taxation and social security 79,436 59,367
Other creditors 35,365 12,923
739,755 694,830

7. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 624,954 622,540

The bank holds security in the form of a debenture and legal charges over the property of the company.

8. RELATED PARTY DISCLOSURES

The Trustees of L N Johnston (Deceased) own 1901 shares which is a majority shareholding and controlling interest of Ellis & Co (Motors) Ltd. The Trustees of L N Johnston (Deceased) owe £461,389 (2024 £461,389) to Ellis & Co (Motors) Ltd and this is included in other debtors in the accounts.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the Trustees of the Late L N Johnston.