Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-282024-07-282023-07-29falseBuying and selling of own real estate22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07794004 2023-07-29 2024-07-28 07794004 2022-07-29 2023-07-28 07794004 2024-07-28 07794004 2023-07-28 07794004 2022-07-29 07794004 c:Director1 2023-07-29 2024-07-28 07794004 d:CurrentFinancialInstruments 2024-07-28 07794004 d:CurrentFinancialInstruments 2023-07-28 07794004 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-28 07794004 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-28 07794004 d:ShareCapital 2023-07-29 2024-07-28 07794004 d:ShareCapital 2024-07-28 07794004 d:ShareCapital 2022-07-29 2023-07-28 07794004 d:ShareCapital 2023-07-28 07794004 d:ShareCapital 2022-07-29 07794004 d:RetainedEarningsAccumulatedLosses 2023-07-29 2024-07-28 07794004 d:RetainedEarningsAccumulatedLosses 2024-07-28 07794004 d:RetainedEarningsAccumulatedLosses 2022-07-29 2023-07-28 07794004 d:RetainedEarningsAccumulatedLosses 2023-07-28 07794004 d:RetainedEarningsAccumulatedLosses 2022-07-29 07794004 c:FRS102 2023-07-29 2024-07-28 07794004 c:AuditExempt-NoAccountantsReport 2023-07-29 2024-07-28 07794004 c:FullAccounts 2023-07-29 2024-07-28 07794004 c:PrivateLimitedCompanyLtd 2023-07-29 2024-07-28 07794004 d:Subsidiary1 2023-07-29 2024-07-28 07794004 d:Subsidiary1 1 2023-07-29 2024-07-28 07794004 6 2023-07-29 2024-07-28 iso4217:GBP xbrli:pure

Registered number: 07794004









ELEPHANT & CITY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 JULY 2024

 
ELEPHANT & CITY LIMITED
REGISTERED NUMBER: 07794004

BALANCE SHEET
AS AT 28 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
219,954
222,067

  
219,954
222,067

Creditors: amounts falling due within one year
 6 
(155,203)
(128,477)

Net current assets
  
 
 
64,751
 
 
93,590

Total assets less current liabilities
  
64,752
93,591

  

Net assets
  
64,752
93,591


Capital and reserves
  

Called up share capital 
  
198
198

Profit and loss account
  
64,554
93,393

  
64,752
93,591


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
ELEPHANT & CITY LIMITED
REGISTERED NUMBER: 07794004
    
BALANCE SHEET (CONTINUED)
AS AT 28 JULY 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 July 2025.




Ms S L Honey
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 2

 
ELEPHANT & CITY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 JULY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 July 2022
198
94,143
94,341


Comprehensive income for the year

Loss for the year

-
(750)
(750)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(750)
(750)


Total transactions with owners
-
-
-



At 29 July 2023
198
93,393
93,591


Comprehensive income for the year

Loss for the year

-
(28,839)
(28,839)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(28,839)
(28,839)


Total transactions with owners
-
-
-


At 28 July 2024
198
64,554
64,752


The notes on pages 4 to 6 form part of these financial statements.

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ELEPHANT & CITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 JULY 2024

1.


General information

The Company is a private company limited by share capital, incorporated in England & Wales. The principal activity of the Company is the buying and selling of own real estate.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
ELEPHANT & CITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 JULY 2024

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to and from related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 29 July 2023
1



At 28 July 2024
1





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Mill Lofts Limited
England & Wales
Ordinary
100%

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ELEPHANT & CITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 JULY 2024
Subsidiary undertaking (continued)

The aggregate of the share capital and reserves as at 28 July 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

Mill Lofts Limited
60,852
126,700


5.


Debtors

2024
2023
£
£


Amounts owed by related parties
210,753
212,866

Other debtors
9,201
9,201

219,954
222,067



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
27,576
100

Other creditors
126,877
126,877

Accruals and deferred income
750
1,500

155,203
128,477



7.


Related party transactions

Included in amounts owed by related parties is £292,049 (2023: £292,049) owed by Bankside Lofts Limited, £52,056 (2023: £54,169) owed by Bankside Group Limited and £133,352 (2023: £133,352) owed to Mill Lofts Limited. These companies are related to the Company by common directorship and overlapping shareholding up until 11 June 2024.


8.


Controlling party

The Company is wholly owned by Ms S L Honey. 

 
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