Registration number: 11959858

James Ellis Family Investments Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

James Ellis Family Investments Ltd

Company Information

Director

Mr James Douglas Ellis

Company secretary

Mr James Douglas Ellis

Registered office

10 Grange Road West Kirby Wirral CH48 4HA

James Ellis Family Investments Ltd

(Registration number: 11959858)
Balance Sheet as at 31 March 2025

	Note	2025 £	As restated 2024 £
Fixed assets
Investments	4	8,331,643	8,313,997
Current assets
Debtors	5	1,379	1,379
Creditors: Amounts falling due within one year	6	(8,449,720)	(8,492,230)
Net current liabilities		(8,448,341)	(8,490,851)
Net liabilities		(116,698)	(176,854)
Capital and reserves
Called up share capital	7	1	1
Retained earnings		(116,699)	(176,855)
Shareholders' deficit		(116,698)	(176,854)

For the financial 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.

Director's responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 December 2025
 

......................................... Mr James Douglas Ellis Company secretary and director

James Ellis Family Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
10 Grange Road
West Kirby
Wirral
CH48 4HA
United Kingdom

The financial statements were previously prepared under FRS 105. However, the Company has chosen to report under FRS 102 Section 1A. The profit and loss account and balance sheet for the prior year have now been restated to reflect the reporting requirements of FRS 102 Section 1A. The effect of this restatement is shown in note 10.

These financial statements were authorised for issue by the director on 15 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Changes in accounting policy

Valuation of investments

The financial statements were previously prepared under FRS 105. However, as an investment company, the Company is not permitted to take advange of the reduced reporting requirements of FRS 105. As a result, investments which were previously stated in the accounts at cost less impairments are now shown at market value. The profit and loss account and balance sheet for the prior year have now been restated to reflect the reporting requirements of FRS 102 Section 1A. The effect of this restatement is shown in note 10..

Revenue recognition

Turnover comprises the fair value of investment income received.

James Ellis Family Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Investments

Investments are stated at fair (market) value as determined by the Company's investment advisers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, except to the extent that the deferred tax asset arises from the initial recognition of an asset or liability in a transaction that affects neither accounting profit nor taxable profit.

Deferred tax liabilities are generally recognised for all taxable timing differences. 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.

Deferred tax is measured at the tax rates that are expected to apply to the reversal of the timing differences, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax balances are not discounted.

Deferred tax is recognised in the profit and loss account except when it relates to items recognised in other comprehensive income or equity, in which case the deferred tax is also recognised in other comprehensive income or equity respectively.

James Ellis Family Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 0 (2024 - 0).

4	Investments

	Financial assets at fair value through profit and loss £	Total £
Cost or valuation
At 1 April 2024 as previously reported	7,643,664	7,643,664
Prior year revaluation adjustment	670,333	670,333
At 31 March 2024 as restated	8,313,997	8,313,997
Revaluations	14,430	14,430
Additions	230,449	230,449
Disposals	(227,233)	(227,233)
At 31 March 2025	8,331,643	8,331,643
Impairment
At 1 April 2024 as previously reported	20,983	20,983
Prior year revaluation adjustment	(20,983)	(20,983)
At 31 March 2024 as restated	-	-
Provision	-	-
At 31 March 2025	-	-
Carrying amount
At 31 March 2025	8,331,643	8,331,643

5

Debtors

Current	2025 £	2024 £
Other debtors	1,379	1,379
	1,379	1,379

James Ellis Family Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	3,151,690	2,955,027
Accruals and deferred income		3,410	6,602
Other creditors		5,294,620	5,530,601
		8,449,720	8,492,230

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	3,151,690	2,955,027

9	Related party transactions

Transactions with the Director

2025	At 1 April 2024 £	Advances to Director £	Repayments by Director £	At 31 March 2025 £
Loan due to director, no set repayment terms, interest free	5,530,601	(240,272)	4,291	5,294,620

2024	At 1 April 2023 £	Advances to Director £	Repayments by Director £	At 31 March 2024 £
Loan due to director, no set repayment terms, interest free	5,446,671	(4,868)	88,799	5,530,601

James Ellis Family Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10	Prior year adjustment

The financial statements were previously prepared under FRS 105. However, the Company has chosen to report under FRS 103 Section 1A. The profit and loss account and balance sheet for the prior year have now been restated to reflect the reporting requirements of FRS 102 Section 1A.

Balance Sheet at 31 March 2024
 

	As previously reported £	Reclassification £	Remeasurement £	As restated £
Fixed assets
Investments	7,622,681	-	691,316	8,313,997
Current assets
Debtors	1,379	-	-	1,379
Creditors: Amounts falling due within one year	(8,492,230)	-	-	(8,492,230)
Net current liabilities	(8,490,851)	-	-	(8,490,851)
Net (liabilities)/assets	(868,170)	-	691,316	(176,854)
Capital and reserves
Called up share capital	1	-	-	1
Retained earnings	(868,171)	-	691,316	(176,855)
Total equity	(868,170)	-	691,316	(176,854)