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Registration number: 11069864

Ellbeck Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Ellbeck Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Ellbeck Limited

Company Information

Directors

Mrs S C Llewellyn

Mr M E R Llewellyn

Registered office

Hirwaun House
Hirwaun Industrial Estate
Hirwaun
Aberdare
Rhondda Cynon Taf
CF44 9UL

Solicitors

Hugh James
Two Central Square
Cardiff
CF10 1FS

 

Ellbeck Limited

(Registration number: 11069864)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

2,150,877

2,150,877

Investments

5

2,239,951

2,239,951

 

4,390,828

4,390,828

Current assets

 

Debtors

6

391,724

367,604

Cash at bank and in hand

 

1,764,678

1,630,560

 

2,156,402

1,998,164

Creditors: Amounts falling due within one year

7

(61,401)

(53,088)

Net current assets

 

2,095,001

1,945,076

Net assets

 

6,485,829

6,335,904

Capital and reserves

 

Called up share capital

8

25

25

Share premium reserve

2,228,781

2,228,781

Retained earnings

4,257,023

4,107,098

Shareholders' funds

 

6,485,829

6,335,904

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 8 August 2025 and signed on its behalf by:
 

.........................................
Mr M E R Llewellyn
Director

 

Ellbeck Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hirwaun House
Hirwaun Industrial Estate
Hirwaun
Aberdare
Rhondda Cynon Taf
CF44 9UL
Wales

These financial statements were authorised for issue by the Board on 8 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Group accounts not prepared

The financial statements contain information about Ellbeck Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Rents receivable on investment properties are recognised on a straight line basis in relation to the period.

 

Ellbeck Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Tax

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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined periodically by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Ellbeck Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Investment properties

2024
£

At 1 December

2,150,877

At 30 November 2024

2,150,877

Investment property is carried at fair value, derived from current market prices for comparable real estate, as assessed by the directors. The directors consider the fair value of the property at the year end to be equal to the cost paid in 2022.

There has been no valuation of investment property by an independent valuer.

5

Investments

2024
£

2023
£

Investments in subsidiaries

2,239,951

2,239,951

Subsidiaries

£

Cost or valuation

At 1 December 2023

2,239,951

Provision

Carrying amount

At 30 November 2024

2,239,951

At 30 November 2023

2,239,951

6

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

9

391,199

367,604

Other debtors

 

525

-

 

391,724

367,604

Details of non-current trade and other debtors

£80,000 (2023 -£367,604) of amounts owed by group undertakings is classified as non current.

 

Ellbeck Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

10

10

Taxation and social security

54,250

45,438

Accruals and deferred income

7,141

7,640

61,401

53,088

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

25

25

25

25

       

9

Related party transactions

Loans to related parties

2024

Subsidiary
£

Total
£

At start of period

367,604

367,604

Interest transactions

23,595

23,595

At end of period

391,199

391,199

2023

Subsidiary
£

Total
£

At start of period

346,118

346,118

Interest transactions

21,486

21,486

At end of period

367,604

367,604

Terms of loans to related parties

The loans accrue interest at 2% above Barclays Bank base rate. £311,199 is repayable in March 2025 whilst £80,000 is repayable in March 2026.