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REGISTERED NUMBER: 03098143 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ELLEMARK LIMITED

ELLEMARK LIMITED (REGISTERED NUMBER: 03098143)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ELLEMARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr J Goldman
Mrs S M Valenzuela





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 03098143 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

ELLEMARK LIMITED (REGISTERED NUMBER: 03098143)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,206 2,941
Investment property 5 2,605,000 3,080,000
2,607,206 3,082,941

CURRENT ASSETS
Stocks 6 79,008 -
Debtors 7 216,559 146,175
Cash at bank 9,906 30,516
305,473 176,691
CREDITORS
Amounts falling due within one year 8 1,264,837 1,404,199
NET CURRENT LIABILITIES (959,364 ) (1,227,508 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,647,842

1,855,433

PROVISIONS FOR LIABILITIES 9 289,981 346,791
NET ASSETS 1,357,861 1,508,642

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 1,256,810 1,477,805
Retained earnings 11 100,951 30,737
SHAREHOLDERS' FUNDS 1,357,861 1,508,642

ELLEMARK LIMITED (REGISTERED NUMBER: 03098143)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by:





Mr J Goldman - Director


ELLEMARK LIMITED (REGISTERED NUMBER: 03098143)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Ellemark Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
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.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ELLEMARK LIMITED (REGISTERED NUMBER: 03098143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 October 2023
and 30 September 2024 10,910 14,713 25,623
Depreciation
At 1 October 2023 10,496 12,186 22,682
Charge for year 103 632 735
At 30 September 2024 10,599 12,818 23,417
Net book value
At 30 September 2024 311 1,895 2,206
At 30 September 2023 414 2,527 2,941

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 October 2023 3,080,000
Disposals (475,000 )
At 30 September 2024 2,605,000
Net book value
At 30 September 2024 2,605,000
At 30 September 2023 3,080,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2017 2,634,000
Valuation in 2018 476,000
Valuation in 2021 350,000
Valuation in 2022 10,000
Valuation in 2023 (390,000 )
Valuation in 2024 (475,000 )
2,605,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,375,525 1,375,525

Investment property was valued on an open market basis on 30 September 2018 by the directors .

ELLEMARK LIMITED (REGISTERED NUMBER: 03098143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. STOCKS
2024 2023
£    £   
Work-in-progress 79,008 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 216,559 146,175

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,243,947 1,394,069
Taxation and social security 15,881 5,016
Other creditors 5,009 5,114
1,264,837 1,404,199

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 289,981 346,791

Deferred
tax
£   
Balance at 1 October 2023 346,791
Utilised during year (56,810 )
Balance at 30 September 2024 289,981

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES

SPECIAL RESERVE
The special reserves comprise the balance of revaluations relating to the investment property net of deferred tax on the gain. This reserve is non-distributable.

PROFIT AND LOSS ACCOUNT
The profit and loss account comprise the balance of profits accumulated over the life of the company. This reserve is distributable.