Company registration number 13125191 (England and Wales)
ELLINGHAM HOUSE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
ELLINGHAM HOUSE LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
ELLINGHAM HOUSE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
1,256,933
1,256,933
Current assets
Debtors
38,988
16,822
Creditors: amounts falling due within one year
(466,772)
(443,357)
Net current liabilities
(427,784)
(426,535)
Total assets less current liabilities
829,149
830,398
Creditors: amounts falling due after more than one year
(838,977)
(838,977)
Net liabilities
(9,828)
(8,579)
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
(9,829)
(8,580)
Total equity
(9,828)
(8,579)
ELLINGHAM HOUSE LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 AUGUST 2024
31 August 2024
- 2 -
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 28 May 2025
Mr H Kaveh Baghbadrani
Director
Company registration number 13125191 (England and Wales)
ELLINGHAM HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
1
Accounting policies
Company information
Ellingham House Limited is a private company limited by shares incorporated in England and Wales. The registered office is 251-253 Wells Road, Malvern Wells, Malvern, Worcestershire, WR14 4JF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
The company had net liabilities and net current liabilities at the year-end. The director has considered the working capital needs of the company for a period of greater than twelve months from the date of approval of these financial statements. The director concludes that he will be able to generate sufficient working capital funding through the support of himself and other companies that he controls to enable this company to operate as a going concern. As a result the director considers it appropriate to prepare these financial statements on the going concern basis of accounting.
1.3
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.4
Leases
As lessor
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
ELLINGHAM HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
3
Investment property
2024
£
Fair value
At 1 September 2023 and 31 August 2024
1,256,933
The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director.
4
Loans and overdrafts
2024
2023
£
£
Bank loans
838,977
838,977
Payable after one year
838,977
838,977
The bank loan is secured against a debenture over the company's investment property.
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
6
Related party transactions
Transactions with related parties
Crystalight Limited
Company under common control
This company has received working capital funding from the related party. At the year end the company owed £407,921 (2023: £399,512) to the related party, which is shown in 'other creditors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.
H Mirkamali
Wife of the sole director and shareholder
This company has received working capital funding from the related party. At the year end this company owed £56,882 (2023: £28,441) to the related party, which is shown in 'other creditors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.
Ellingham House Flats Limited
Company under common control
This company has received working capital funding from the related party. At the year end the company was owed £22,818 by (2023 £13,499 owed to) the related party, which is shown in 'other creditors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.