ELDRICKCO LIMITED

Company Registration Number:
11273463 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

ELDRICKCO LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ELDRICKCO LIMITED

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

The principal activity of the Company remains that of an intermediate holding company co-ordinating the activities of its subsidiary undertakings.

Additional information

The results of the Company for the year show a loss after tax of £9,082k (2023: £5,638k loss). The company paid no dividend during the year (2023: £nil).



Directors

The directors shown below have held office during the whole of the period from
1 October 2023 to 30 September 2024

Richard Calvert
David Smith
Ian Wood


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
1 May 2025

And signed on behalf of the board by:
Name: David Smith
Status: Director

ELDRICKCO LIMITED

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Administrative expenses: ( 255,446 ) ( 236,731 )
Operating profit(or loss): (255,446) (236,731)
Interest payable and similar charges: ( 9,668,520 ) ( 7,991,858 )
Profit(or loss) before tax: (9,923,966) (8,228,589)
Tax: 841,822 2,591,182
Profit(or loss) for the financial year: (9,082,144) (5,637,407)

ELDRICKCO LIMITED

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Investments: 3 30,286,569 30,286,569
Total fixed assets: 30,286,569 30,286,569
Current assets
Debtors: 4 89,120,139 68,608,175
Cash at bank and in hand: 45 65
Total current assets: 89,120,184 68,608,240
Creditors: amounts falling due within one year: 5 ( 64,418,843 ) ( 53,702,160 )
Net current assets (liabilities): 24,701,341 14,906,080
Total assets less current liabilities: 54,987,910 45,192,649
Creditors: amounts falling due after more than one year: 6 ( 85,976,898 ) ( 67,099,493 )
Provision for liabilities: 0
Total net assets (liabilities): (30,988,988) (21,906,844)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (30,988,989 ) (21,906,845 )
Total Shareholders' funds: ( 30,988,988 ) (21,906,844)

The notes form part of these financial statements

ELDRICKCO LIMITED

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 May 2025
and signed on behalf of the board by:

Name: David Smith
Status: Director

The notes form part of these financial statements

ELDRICKCO LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Other accounting policies

    Going concern The Company forms part of the larger Club Company Group and the Directors assess Going Concern as part of the wider Group. The Company has ongoing financial support from companies within the Group if required. In that context, in the year ended 30th September 2024, the Directors prepared forecasts and projections taking account of reasonable possible changes in trading fo the Group performance. These forecasts and projections show that the Company has the financial resources to continue in operational existence for the foreseeable future. Accordingly, at the time of approving the financial statements, the Directors are confident that the Company has adequate resources to continue in operational existence for the foreseeable future, and there is no material uncertainty in relation to going concern.

ELDRICKCO LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

ELDRICKCO LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Fixed assets investments note

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. Interests in subsidiaries are assessed for impairment at each reporting date. Any impairments losses or reversals of impairment losses are recognised immediately in profit or loss.

ELDRICKCO LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

2024 2023
£ £
Other debtors 89,120,139 68,608,175
Total 89,120,139 68,608,175
Debtors due after more than one year: 0 0

Due from subsidiaries and deferred tax asset

ELDRICKCO LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 650,000 650,000
Trade creditors 45,000 0
Accruals and deferred income 3,284,162 2,610,707
Other creditors 60,439,681 50,441,453
Total 64,418,843 53,702,160

Other creditors are amounts due to subsidiaries

ELDRICKCO LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 85,976,898 67,099,493
Total 85,976,898 67,099,493

The bank loans at September 2024 were secured against the freehold and long leasehold properties held by the group. The bank loans shown above are net of £1,294k (2023: £1,196k) of deferred financing costs. The loan is secured against the freehold and long leasehold properties held by the Group, at a margin of 5.50% over SONIA. The bank loan is repayable in full on 26th November 2026. The Group extended the existing debt arrangement termination date by one year from November 2025 to November 2026, during the financial year.