Six Ellis Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10091584

Six Ellis Limited

Filleted Unaudited Financial Statements

31 March 2025

Six Ellis Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	600,679	520,849

Current assets

Debtors	5	125	2,553
Cash at bank and in hand		8,274	6,351
		-------	-------
		8,399	8,904

Creditors: amounts falling due within one year	6	215,290	171,383
		---------	---------
Net current liabilities		206,891	162,479
		---------	---------
Total assets less current liabilities		393,788	358,370

Creditors: amounts falling due after more than one year	7	49,342	124,748

Provisions	45,470	30,270
	---------	---------
Net assets	298,976	203,352
	---------	---------

Capital and reserves

Called up share capital	600	600
Fair value reserve	193,844	129,044
Profit and loss account	104,532	73,708
	---------	---------
Shareholders funds	298,976	203,352
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

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

Six Ellis Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 17 June 2025 , and are signed on behalf of the board by:

Mr R H K J Ellis

Director

Company registration number: 10091584

Six Ellis Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

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 entity.

Revenue recognition

Turnover is measured at the fair value of the rent, net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible 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

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 asset as follows:

Fixtures and fittings	-	10% straight line
Equipment	-	10 % straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. No depreciation is charged on investment property. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Tangible assets

	Investment Property	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	520,000	274	1,418	521,692
Revaluations	80,000	–	–	80,000
	---------	----	-------	---------
At 31 March 2025	600,000	274	1,418	601,692
	---------	----	-------	---------
Depreciation
At 1 April 2024	–	41	802	843
Charge for the year	–	28	142	170
	---------	----	-------	---------
At 31 March 2025	–	69	944	1,013
	---------	----	-------	---------
Carrying amount
At 31 March 2025	600,000	205	474	600,679
	---------	----	-------	---------
At 31 March 2024	520,000	233	616	520,849
	---------	----	-------	---------

The Director's consider that the investment property is disclosed at it's fair value.

The investment properties were revalued on 23 October 2024 by SMC Brownill Vickers on an open maintenance basis.

5. Debtors

	2025	2024
	£	£
Other debtors	125	2,553
	----	-------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,790	10,794
Corporation tax	7,614	5,545
Social security and other taxes	2,624	2,766
Other creditors	194,262	152,278
	---------	---------
	215,290	171,383
	---------	---------

Included in the bank loans and overdrafts is the amount of £2,647 (2024: 8,291) is secured by NatWest Bank Plc.

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	49,342	124,748
	--------	---------

Included in the bank loans and overdrafts is £48,722 (2024: £119,620) is secured by NatWest Bank Plc.

Included within creditors: amounts falling due after more than one year is an amount of £32,139 (2024: £94,746) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

Included in the bank loans and overdrafts is £48,722 (2024: £119,620) is secured by NatWest Bank Plc.

8. Fair value reserve

The following movements on the fair value reserve are included within fair value reserve in the statement of changes in equity:

	2025	2024
	£	£
At start of year	129,044	129,044
Profit and loss - Reclassification to fair value reserve from profit and loss account	64,800	–
	---------	---------
At end of year	193,844	129,044
	---------	---------

The Director's consider that he investment property is disclosed at its fair value.

9. Related party transactions

The company has received an interest free loan in the sum of £17,572 (2024: £2,428 - debtor) from a related party.