REGISTERED NUMBER: 00255065 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

W.& H.ELLIOTTS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible fixed assets

4

104,045

64,834

Investments

5

119,611

105,060

223,656

169,894

CURRENT ASSETS

Debtors

6

20,947,309

21,831,355

Cash at bank

3,038,334

2,582,193

23,985,643

24,413,548

CREDITORS

Amounts falling due within one year

7

(24,292,997

)

(24,604,379

)

NET CURRENT LIABILITIES

(307,354

)

(190,831

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(83,698

)

(20,937

)

PROVISIONS FOR LIABILITIES

(26,011

)

(16,208

)

NET LIABILITIES

(109,709

)

(37,145

)

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

(109,719

)

(37,155

)

SHAREHOLDERS' FUNDS

(109,709

)

(37,145

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

Mrs L G Montgomery - Director

1.	STATUTORY INFORMATION

W.& H.Elliotts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00255065

Registered office:

Shalden Park Steading

Shalden

Alton

Hampshire

GU34 4DS

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The results are presented for the company as a single entity only.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are 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.

Turnover

Turnover is the amount receivable by the company for management services provided to other group companies, excluding VAT.

Tangible fixed assets

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

Furniture and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amounts of its furniture and equipment to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

If the recoverable amount of an asset is estimated to be less than it's carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include other debtors and amounts due from group undertakings, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade creditors, other creditors, bank loans and overdrafts, and accruals and deferred income that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for its employees. The company also operates a defined contribution pension scheme for its directors. The pension charge represents the amounts paid by the company to these funds during the year.

Investments

Fixed asset investments are stated at cost less provision for permanent impairment.

Going concern

At the year end the company was in a net current liability position. Based on current trading and future expectations, the directors are confident the company will trade profitably in future periods and generate sufficient cash flows to meet its obligations as they fall due for payment. Due to continuing support from other group companies the directors feel it is appropriate to prepare these accounts on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Furniture

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

28,255

105,957

25,285

159,497

Additions

-

87,520

1,284

88,804

Disposals

-

(59,540

)

-

(59,540

)

At 31 December 2024

28,255

133,937

26,569

188,761

DEPRECIATION

At 1 January 2024

27,014

51,079

16,570

94,663

Charge for year

214

16,864

2,280

19,358

Eliminated on disposal

-

(29,305

)

-

(29,305

)

At 31 December 2024

27,228

38,638

18,850

84,716

NET BOOK VALUE

At 31 December 2024

1,027

95,299

7,719

104,045

At 31 December 2023

1,241

54,878

8,715

64,834

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

105,060

Additions

14,920

Disposals

(369

)

At 31 December 2024

119,611

NET BOOK VALUE

At 31 December 2024

119,611

At 31 December 2023

105,060

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4

4

Amounts owed by group undertakings

20,930,928

21,760,598

Other debtors

-

5,046

Prepayments and accrued income

16,377

65,707

20,947,309

21,831,355

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

7,452

7,468

Amounts owed to group undertakings

23,668,804

23,976,067

CT61 Payable

3,045

3,320

Social security and other taxes

32,478

30,705

VAT

14,050

15,988

Other creditors

3,612

4,894

Directors' current accounts

560,710

565,681

Accruals and deferred income

2,846

256

24,292,997

24,604,379

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

202

Ordinary

5p

10

10

9.	ULTIMATE PARENT COMPANY