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REGISTERED NUMBER: 11196417 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

ELM COURT (SEAFORD) LIMITED

ELM COURT (SEAFORD) LIMITED (REGISTERED NUMBER: 11196417)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ELM COURT (SEAFORD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: T G Brightmore
J C W Broyd
D J Broyd
A E Broyd





REGISTERED OFFICE: Fishpond House
Beechwood Lane
Cooksbridge
East Sussex
BN7 3QG





REGISTERED NUMBER: 11196417 (England and Wales)





AUDITORS: Parkers
Chartered Accountants and Registered Auditors
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

ELM COURT (SEAFORD) LIMITED (REGISTERED NUMBER: 11196417)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 4 2,259,812 941,473
Debtors 5 5,955 8,907
Cash at bank 8,341 -
2,274,108 950,380
CREDITORS
Amounts falling due within one year 6 3,000 21,669
NET CURRENT ASSETS 2,271,108 928,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,271,108

928,711

CREDITORS
Amounts falling due after more than one
year

7

2,288,532

943,532
NET LIABILITIES (17,424 ) (14,821 )

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings (18,424 ) (15,821 )
SHAREHOLDERS' FUNDS (17,424 ) (14,821 )

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 20th May 2025 and were signed on its behalf by:





T G Brightmore - Director


ELM COURT (SEAFORD) LIMITED (REGISTERED NUMBER: 11196417)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Elm Court (Seaford) 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.

The financial statements have been prepared on the going concern basis due to the continued support of the directors and parent company.

Significant judgements and estimates
In the Directors' considered judgement the balance of the company's development in progress will, after all costs to complete and selling costs, realise at least the total of those costs.

Development in progress
The development in progress is valued at its direct cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like property sale proceeds and VAT recoverable, trade and other accounts payable and loans from related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

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.

ELM COURT (SEAFORD) LIMITED (REGISTERED NUMBER: 11196417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Impairment of non-financial assets
The development work in progress is assessed for impairment at each reporting date. The carrying amount of the development work in progress is compared with its selling price less costs to complete and sell and, if impaired, its carrying amount would be reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

4. STOCKS
2024 2023
£    £   
Development-in-progress 2,259,812 941,473

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 250 250
VAT 5,705 8,657
5,955 8,907

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 18,669
Accrued expenses 3,000 3,000
3,000 21,669

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 2,288,532 943,532

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
750 A Ordinary £1 750 750
250 B Ordinary £1 250 250
1,000 1,000

ELM COURT (SEAFORD) LIMITED (REGISTERED NUMBER: 11196417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Annette Watson PhD BSc FCA (Senior Statutory Auditor)
for and on behalf of Parkers

10. ULTIMATE CONTROLLING PARTY

The company's parent company is Dinnages Holdings Limited, a company registered in England and Wales. Its registered office address is 22 Wivelsfield Road, Haywards Heath, West Sussex, RH16 4EQ.