| REGISTERED NUMBER: |
| ESL HOLDINGS LIMITED |
| Financial Statements |
| for the Year Ended 31 October 2024 |
| REGISTERED NUMBER: |
| ESL HOLDINGS LIMITED |
| Financial Statements |
| for the Year Ended 31 October 2024 |
| ESL HOLDINGS LIMITED (REGISTERED NUMBER: 13254943) |
| Contents of the Financial Statements |
| for the year ended 31 October 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| ESL HOLDINGS LIMITED |
| Company Information |
| for the year ended 31 October 2024 |
| Directors: |
| Registered office: |
| Registered number: |
| Auditors: |
| Statutory Auditor |
| 1st Floor, Abbey Square |
| Davidson House |
| The Forbury |
| Reading |
| RG1 3EU |
| ESL HOLDINGS LIMITED (REGISTERED NUMBER: 13254943) |
| Balance Sheet |
| 31 October 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Investments | 4 |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital | 6 |
| Shareholders' funds |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ESL HOLDINGS LIMITED (REGISTERED NUMBER: 13254943) |
| Notes to the Financial Statements |
| for the year ended 31 October 2024 |
| 1. | Statutory information |
| ESL Holdings Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Financial instruments |
| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at band and bank overdrafts which are an integral part of the company's cash management. |
| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
| Going concern |
| The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In addition, Smart Electronic Technologies Ltd has provided confirmation that it will provide financial support to the company as necessary. Accordingly, the directors have adopted the going concern basis of accounting in preparing the annual financial statements. |
| 3. | Employees and directors |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | Fixed asset investments |
| Shares in |
| group |
| undertakings |
| £ |
| Cost |
| At 1 November 2023 |
| and 31 October 2024 |
| Net book value |
| At 31 October 2024 |
| At 31 October 2023 |
| ESL HOLDINGS LIMITED (REGISTERED NUMBER: 13254943) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2024 |
| 4. | Fixed asset investments - continued |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: Unit 3, The Western Centre, Western Road, Bracknell, England, RG12 1RW |
| Nature of business: |
| % |
| Class of shares: | holding |
| 5. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Amounts owed to group undertakings |
| 6. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary shares | £1 | 9,350 | 9,350 |
| 7. | Disclosure under Section 444(5B) of the Companies Act 2006 |
| The Auditors' Report was unqualified. |
| for and on behalf of |
| 8. | Ultimate controlling party |
| The ultimate controlling party is Bestport Ventures LLP. |