REGISTERED NUMBER: SC181120 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ELMHURST LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F H R Milligan

R M Grant

SECRETARY:

F H R Milligan

REGISTERED OFFICE:

Stanley House

69/71 Hamilton Road

Motherwell

ML13DG

REGISTERED NUMBER:

SC181120 (Scotland)

ACCOUNTANTS:

McDaid & Partners

Chartered Accountants

Stanley House

69/71 Hamilton Road

Motherwell

ML1 3DG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

-

Investment property

6

269,800

269,800

269,800

269,800

CURRENT ASSETS

Debtors

7

2,256

466

Cash at bank

6,587

1,265

8,843

1,731

CREDITORS

Amounts falling due within one year

8

3,070

4,587

NET CURRENT ASSETS/(LIABILITIES)

5,773

(2,856

)

TOTAL ASSETS LESS CURRENT LIABILITIES

275,573

266,944

PROVISIONS FOR LIABILITIES

29,638

29,638

NET ASSETS

245,935

237,306

CAPITAL AND RESERVES

Called up share capital

70,000

70,000

Fair value reserve

10

155,988

155,988

Retained earnings

19,947

11,318

SHAREHOLDERS' FUNDS

245,935

237,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 27 August 2025 and were signed on its behalf by:

F H R Milligan - Director

R M Grant - Director

1.	STATUTORY INFORMATION

Elmhurst Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1998, was amortised evenly over its estimated useful life on ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings

-

20% on cost

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.

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the sale of services is recognised when the customer receives an invoice. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the services provided at that date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

10,000

AMORTISATION

At 1 April 2024

and 31 March 2025

10,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

& fittings

£

COST

At 1 April 2024

and 31 March 2025

25,000

DEPRECIATION

At 1 April 2024

and 31 March 2025

25,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

269,800

NET BOOK VALUE

At 31 March 2025

269,800

At 31 March 2024

269,800

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

2,256

466

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

2,024

368

Other creditors

1,046

4,219

3,070

4,587

9.	SECURED DEBTS

Clydesdale bank hold a standard security over the property 61 High Road, Motherwell, G31 1DJ.

Cadzow Street Limited hold a charge over the property which contains a negative pledge.

MH Option Limited hold a charge over the property 61 High Road, Motherwell, G31 1DJ.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

155,988