| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| FOR |
| ELM PARK MANSIONS LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| FOR |
| ELM PARK MANSIONS LIMITED |
| ELM PARK MANSIONS LIMITED (REGISTERED NUMBER: 02003294) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 29 September 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| ELM PARK MANSIONS LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 29 September 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 1 Rushmills |
| Bedford Road |
| Northampton |
| Northamptonshire |
| NN4 7YB |
| ELM PARK MANSIONS LIMITED (REGISTERED NUMBER: 02003294) |
| BALANCE SHEET |
| 29 September 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Share premium | 7 |
| Retained earnings | 7 |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ELM PARK MANSIONS LIMITED (REGISTERED NUMBER: 02003294) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 29 September 2024 |
| 1. | STATUTORY INFORMATION |
| Elm Park Mansions Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover comprises ground rent, lease extension premiums and sundry income, measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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. |
| Tangible fixed assets and depreciation |
| In the opinion of the directors the freehold property does not qualify as an investment property and accordingly is carried at historical cost (nil) in the balance sheet. |
| Service charge costs |
| All cost of maintaining the freehold property are bourne by the tenants and are recovered by the managing agents via service charge demands. The expenditure is recovered in the separately prepared Service Charge accounts and these accounts do not therefore include any maintenance costs. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| ELM PARK MANSIONS LIMITED (REGISTERED NUMBER: 02003294) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 29 September 2024 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| Ground rent / Administrative |
| charges debtors | 2,525 | 5,006 |
| Prepayments |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Corporation tax |
| Other creditors |
| Accrued expenses |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £5 | 945 | 945 |
| 7. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 30 September 2023 | 471,126 |
| Profit for the year | - |
| At 29 September 2024 | 476,862 |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 9. | RELATED PARTY DISCLOSURES |
| Included in other creditors is £52,437 (2023: £38,260), a loan due from Elm Park Mansions Reserve Fund. The loan is interest free and repayable on demand. |
| 10. | TANGIBLE FIXED ASSETS |
| The company owns the freehold interest in Elm Park Mansions. This was acquired by the company at nil cost. In the opinion of the directors, in view of the leasehold interests in the property a nil valuation continues to be appropriate. |