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REGISTERED NUMBER: 04551663 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Elm House Ullswater Limited
T/A
1863 Restaurant With Rooms

Elm House Ullswater Limited (Registered number: 04551663)
T/A 1863 Restaurant With Rooms






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elm House Ullswater Limited
T/A 1863 Restaurant With Rooms

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M F Vause
Mrs A Vause





REGISTERED OFFICE: Elm House
Pooley Bridge
Penrith
Cumbria
CA10 2NH





REGISTERED NUMBER: 04551663 (England and Wales)





ACCOUNTANTS: Xeinadin
Ground Floor
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Elm House Ullswater Limited (Registered number: 04551663)
T/A 1863 Restaurant With Rooms

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 259,876 276,908

CURRENT ASSETS
Stocks 14,955 11,353
Debtors 5 37,366 -
Cash at bank and in hand 15,009 40,662
67,330 52,015
CREDITORS
Amounts falling due within one year 6 99,500 91,313
NET CURRENT LIABILITIES (32,170 ) (39,298 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,706

237,610

CREDITORS
Amounts falling due after more than
one year

7

11,638

15,000
NET ASSETS 216,068 222,610

CAPITAL AND RESERVES
Called up share capital 8 300,100 300,100
Retained earnings 9 (84,032 ) (77,490 )
SHAREHOLDERS' FUNDS 216,068 222,610

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

Elm House Ullswater Limited (Registered number: 04551663)
T/A 1863 Restaurant With Rooms

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:





M F Vause - Director


Elm House Ullswater Limited (Registered number: 04551663)
T/A 1863 Restaurant With Rooms

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Elm House Ullswater 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.

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.
Improvements to property - 2% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 House Ullswater Limited (Registered number: 04551663)
T/A 1863 Restaurant With Rooms

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 250,560 23,725 200,241
Additions 7,504 - 308
At 31 December 2024 258,064 23,725 200,549
DEPRECIATION
At 1 January 2024 35,603 12,331 153,021
Charge for year 5,121 3,014 14,887
At 31 December 2024 40,724 15,345 167,908
NET BOOK VALUE
At 31 December 2024 217,340 8,380 32,641
At 31 December 2023 214,957 11,394 47,220

Elm House Ullswater Limited (Registered number: 04551663)
T/A 1863 Restaurant With Rooms

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 3,900 8,641 487,067
Additions - - 7,812
At 31 December 2024 3,900 8,641 494,879
DEPRECIATION
At 1 January 2024 1,950 7,254 210,159
Charge for year 975 847 24,844
At 31 December 2024 2,925 8,101 235,003
NET BOOK VALUE
At 31 December 2024 975 540 259,876
At 31 December 2023 1,950 1,387 276,908

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accruals 37,366 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 15,014 23,475
Social security and other taxes 13,563 5,573
VAT 12,037 10,511
Directors' current accounts 9,297 2,323
Accrued expenses 39,589 39,431
99,500 91,313

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 1,638 5,000
11,638 15,000

Elm House Ullswater Limited (Registered number: 04551663)
T/A 1863 Restaurant With Rooms

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
300,000 Redeemable Preference £1 300,000 300,000
300,100 300,100

9. RESERVES
Retained
earnings
£   

At 1 January 2024 (77,490 )
Deficit for the year (6,542 )
At 31 December 2024 (84,032 )