Company registration number 03282040 (England and Wales)
ELLAM HOMES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ELLAM HOMES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
The following pages do not form part of the statutory financial statements
ELLAM HOMES LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
15,152
20,203
Investment property
5
335,076
335,076
Investments
6
6,989
4,447
357,217
359,726
Current assets
Stocks
460,519
460,519
Debtors
7
2,644
2,714
Cash at bank and in hand
25,445
22,755
488,608
485,988
Creditors: amounts falling due within one year
8
(192,644)
(207,970)
Net current assets
295,964
278,018
Total assets less current liabilities
653,181
637,744
Provisions for liabilities
(3,800)
(5,100)
Net assets
649,381
632,644
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
648,381
631,644
Total equity
649,381
632,644

The notes on pages 3 to 7 form part of these financial statements.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

ELLAM HOMES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 16 September 2025
..............................................
Mr C A Ellam
Director
Company registration number 03282040 (England and Wales)
ELLAM HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Ellam Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is 13 Valley Mill, Park Road, Elland, Halifax, HX5 9GY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Any tangible fixed assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that assets as follow s:

Plant and machinery
25% reducing balance
Equipment
25% reducing balance
Motor vehicle
25% reducing balance

In the year of acquisition tangible fixed assets are depreciated from 1 January.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is recognised at cost, which includes the purchase cost and any directly attributable expenditure.

FRS102 requires that investment property whose fair value can be measured reliably without undue cost or effort and on an on-going basis be measured at fair value in accordance with section 16 of FRS 102.

The director considers that to measure investment property held by the company at fair value on an on-going basis would involve undue cost. Investment properties are therefore continued to be stated at cost.

1.4
Fixed asset investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

ELLAM HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

1.6
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at the date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

1.8
Leases

Assets held under finance leases are hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ELLAM HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
3
Employees

The average monthly number of persons (including director) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
4
Tangible fixed assets
Plant and machinery
Equipment
Motor vehicle
Total
£
£
£
£
Cost
At 1 January 2024 and 31 December 2024
60,658
8,491
39,883
109,032
Depreciation and impairment
At 1 January 2024
60,243
7,866
20,720
88,829
Depreciation charged in the year
104
156
4,791
5,051
At 31 December 2024
60,347
8,022
25,511
93,880
Carrying amount
At 31 December 2024
311
469
14,372
15,152
At 31 December 2023
415
625
19,163
20,203
5
Investment property
2024
£
Fair value
At 1 January 2024 and 31 December 2024
335,076

The director considers that to measure investment property held by the company at fair value on an on-going basis would involve undue cost. Investment properties are therefore continued to be stated at cost.

6
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
100
100
Other investments other than loans
6,889
4,347
6,989
4,447
ELLAM HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
6
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 January 2024
100
4,347
4,447
Valuation changes
-
2,542
2,542
At 31 December 2024
100
6,889
6,989
Carrying amount
At 31 December 2024
100
6,889
6,989
At 31 December 2023
100
4,347
4,447
7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,781
1,781
Prepayments and accrued income
863
933
2,644
2,714
8
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases
-
0
18,238
Amounts owed to group undertakings
100
100
Corporation tax
10,175
9,950
Other taxation and social security
143
128
Other creditors
177,996
175,324
Accruals and deferred income
4,230
4,230
192,644
207,970
9
Secured liabilities

Aggregate amount of secured liabilities £Nil (2023: £18,238).

ELLAM HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
10
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
3,800
5,100
2024
Movements in the year:
£
Liability at 1 January 2024
5,100
Credit to profit or loss
(1,300)
Liability at 31 December 2024
3,800
11
Related party transactions

Transactions with the director

Included in other creditors is a loan from the director in the amount of £177,996 (2023: £175,324). This loan is unsecured, repayable on demand and currently interest free.

The director has occupied property owned by the company during the year and rent of £9,000 (2023: £9,000) has been charged to him.

12
Parent company

The company is a subsidiary of Ellam Holdings Limited.

Ellam Holdings Limited is controlled by Mr C A Ellam.

2024-12-31 2024-01-01 false false false 16 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr C A Ellam 03282040 2024-01-01 2024-12-31 03282040 2024-12-31 03282040 2023-12-31 03282040 core:PlantMachinery 2024-12-31 03282040 core:ComputerEquipment 2024-12-31 03282040 core:MotorVehicles 2024-12-31 03282040 core:PlantMachinery 2023-12-31 03282040 core:ComputerEquipment 2023-12-31 03282040 core:MotorVehicles 2023-12-31 03282040 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 03282040 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03282040 core:CurrentFinancialInstruments 2024-12-31 03282040 core:CurrentFinancialInstruments 2023-12-31 03282040 core:ShareCapital 2024-12-31 03282040 core:ShareCapital 2023-12-31 03282040 core:RetainedEarningsAccumulatedLosses 2024-12-31 03282040 core:RetainedEarningsAccumulatedLosses 2023-12-31 03282040 bus:Director1 2024-01-01 2024-12-31 03282040 core:PlantMachinery 2024-01-01 2024-12-31 03282040 core:ComputerEquipment 2024-01-01 2024-12-31 03282040 core:MotorVehicles 2024-01-01 2024-12-31 03282040 2023-01-01 2023-12-31 03282040 core:PlantMachinery 2023-12-31 03282040 core:ComputerEquipment 2023-12-31 03282040 core:MotorVehicles 2023-12-31 03282040 2023-12-31 03282040 core:Non-currentFinancialInstruments 2024-12-31 03282040 core:Non-currentFinancialInstruments 2023-12-31 03282040 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03282040 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03282040 bus:FRS102 2024-01-01 2024-12-31 03282040 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 03282040 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP