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Company Registration No. 11846398 (England and Wales)
Elmire House Ltd Unaudited accounts for the year ended 30 November 2024
Elmire House Ltd Unaudited accounts Contents
Page
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Elmire House Ltd Company Information for the year ended 30 November 2024
Director
Christopher Paton
Company Number
11846398 (England and Wales)
Registered Office
40 Warton Terrace Newcastle upon Tyne NE6 5LS England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Elmire House Ltd Accountants' report
Accountants' report to the director of Elmire House Ltd on the preparation of the unaudited statutory accounts for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Elmire House Ltd for the year ended 30 November 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Elmire House Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Elmire House Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elmire House Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Elmire House Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Elmire House Ltd. You consider that Elmire House Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Elmire House Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 1 July 2025
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Elmire House Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
- 
700,000 
Current assets
Debtors
238,749 
- 
Cash at bank and in hand
265 
367 
239,014 
367 
Creditors: amounts falling due within one year
(9,301)
(1,806)
Net current assets/(liabilities)
229,713 
(1,439)
Total assets less current liabilities
229,713 
698,561 
Creditors: amounts falling due after more than one year
(37,486)
(476,723)
Net assets
192,227 
221,838 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
- 
99,729 
Profit and loss account
192,127 
122,009 
Shareholders' funds
192,227 
221,838 
For the year ending 30 November 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 July 2025 and were signed on its behalf by
Christopher Paton Director Company Registration No. 11846398
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Elmire House Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Elmire House Ltd is a private company, limited by shares, registered in England and Wales, registration number 11846398. The registered office is 40 Warton Terrace, Newcastle upon Tyne, NE6 5LS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0%
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Elmire House Ltd Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 December 2023
1,800 
Disposals
(1,800)
At 30 November 2024
- 
Depreciation
At 1 December 2023
1,800 
On disposals
(1,800)
At 30 November 2024
- 
Net book value
At 30 November 2024
- 
5
Investment property
2024 
£ 
Fair value at 1 December 2023
700,000 
Disposals
(700,000)
At 30 November 2024
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
58,433 
- 
Other debtors
180,316 
- 
238,749 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
8,026 
- 
Loans from directors
- 
531 
Accruals
1,275 
1,275 
9,301 
1,806 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,192 
461,489 
Amounts owed to group undertakings and other participating interests
- 
2,783 
Other creditors
16,294 
12,451 
37,486 
476,723 
Aggregate of amounts that fall due for payment after five years
- 
436,050 
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Elmire House Ltd Notes to the Accounts for the year ended 30 November 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Christopher Paton
Loans to Director
(531)
180,846 
- 
180,315 
(531)
180,846 
- 
180,315 
10
Transactions with related parties
Included in long term debtors is an interest-free loan of £58,433 owed by parent company Aspire North East Limited (2023- £2,783 creditor). Included in long term creditors are interest-free loans owed to related companies of £16,294 (2023 - £12,451). The director owed the company £180,315 at the year end. Interest of 2.25% has been charged, and the loan was fully repaid in May 2025.
11
Controlling party
Aspire North East Limited Clavering House, Clavering Place Newcastle upon Tyne Tyne and Wear NE1 3NG England
12
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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