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REGISTERED NUMBER: 02704419 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Elmswell (Holdings) Limited

Elmswell (Holdings) Limited (Registered number: 02704419)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Elmswell (Holdings) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: C P McAteer
M M McAteer



SECRETARY: M M McAteer



REGISTERED OFFICE: Ghia, Eastwood Lane
Ashfield Road
Elmswell
Bury St Edmunds
Suffolk
IP30 9HL



REGISTERED NUMBER: 02704419 (England and Wales)



ACCOUNTANTS: Knights Lowe
The Barn
11 Bury Road
Thetford
Norfolk
IP24 3PJ



BANKERS: Lloyds TSB
9 Buttermarket
Bury St Edmunds
Suffolk
IP33 1DF

Elmswell (Holdings) Limited (Registered number: 02704419)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 264,852 264,852
Investment property 6 605,000 605,000
869,852 869,852

CURRENT ASSETS
Debtors 7 46,484 792
Cash at bank 182,233 239,684
228,717 240,476
CREDITORS
Amounts falling due within one year 8 103,104 109,812
NET CURRENT ASSETS 125,613 130,664
TOTAL ASSETS LESS CURRENT LIABILITIES 995,465 1,000,516

PROVISIONS FOR LIABILITIES 9 113,292 113,456
NET ASSETS 882,173 887,060

CAPITAL AND RESERVES
Called up share capital 10 1,758 1,758
Share premium 11 79,002 79,002
Fair value reserve 11 415,868 415,868
Retained earnings 11 385,545 390,432
SHAREHOLDERS' FUNDS 882,173 887,060

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.

Elmswell (Holdings) Limited (Registered number: 02704419)

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 30 May 2025 and were signed on its behalf by:





C P McAteer - Director


Elmswell (Holdings) Limited (Registered number: 02704419)

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

1. STATUTORY INFORMATION

Elmswell (Holdings) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value 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.

Elmswell (Holdings) Limited (Registered number: 02704419)

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

2. ACCOUNTING POLICIES - continued

Impairment
At each reporting date, tangible fixed assets and investments are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 2,312
DEPRECIATION
At 1 January 2024
and 31 December 2024 2,312
NET BOOK VALUE
At 31 December 2024 -

5. FIXED ASSET INVESTMENTS
Shares in
subsidiary
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 264,852
NET BOOK VALUE
At 31 December 2024 264,852
At 31 December 2023 264,852

Elmswell (Holdings) Limited (Registered number: 02704419)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 605,000
NET BOOK VALUE
At 31 December 2024 605,000
At 31 December 2023 605,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2014 229,160
Valuation in 2016 200,000
Valuation in 2023 100,000
Cost 75,840
605,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 75,840 75,840

The investment property was valued on an open market basis on 31 December 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors (572 ) 464
Amounts owed by group undertaking 46,758 -
Other debtors 298 328
46,484 792

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 122 -
Amounts owed to group undertaking - 3,541
Taxation and social security - 2,733
Other creditors 102,982 103,538
103,104 109,812

Other creditors includes £99,576 (2023 - £99,722) due to the directors.

Elmswell (Holdings) Limited (Registered number: 02704419)

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

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax on fair values 113,292 113,456

Deferred
tax
£   
Balance at 1 January 2024 113,456
Provided during year (164 )
Balance at 31 December 2024 113,292

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,758 Ordinary £1 1,758 1,758

11. RESERVES

Share premium account
This reserve records the amount above the nominal value received for shares sold, less transaction costs.

Fair value reserve
This reserve is used to record movements in the fair value of investment property and other fixed asset investments, which as unrealised is not distributable.