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Registered number: 06683550
EXPRESS LIFT INVESTMENTS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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EXPRESS LIFT INVESTMENTS LIMITED
REGISTERED NUMBER: 06683550
BALANCE SHEET
AS AT 31 MARCH 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 2 to 5 form part of these financial statements.
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EXPRESS LIFT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Express Lift Investments Limited is a private company limited by shares, incorporated in England and Wales. The registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London E11 1GA. The registered number is 06683550.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 a going concern basis.
The company has no income other than interest receivable, as described below in Note 2.4.
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Interest income and expenditure
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Interest income is recognised in profit or loss using the effective interest method.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price.
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EXPRESS LIFT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
The company has entered into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
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The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
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Investments in subsidiary companies
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EXPRESS LIFT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Due after more than one year
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Amounts owed by group undertakings
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Borrowings of £2,086,860 (2024 - £2,086,860) are secured.
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Analysis of the maturity of loans is given below:
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Amounts falling due after more than 5 years
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EXPRESS LIFT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Allotted, called up and fully paid
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120,000 (2024 - 120,000) 'A' shares of £1 each
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999 (2024 - 999) 'B' shares of £1 each
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1 (2024 - 1) 'C' share of £1
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The 'A' shareholders are only entitled to receive notice of, attend and vote at general meetings relating to 'A' shareholder reserved matters. 'A' shareholders are entitled to dividends equal to the amount of the company's distributable reserves which can reasonably be attributed to being derived from the 'A' shares. 'A' shareholder reserved matters relate to the Sedbergh project.
The 'B' shareholders are only entitled to receive notice of, attend and vote at general meetings relating to 'B' shareholder reserved matters. 'B' shareholders are entitled to dividends equal to the amount of the company's distributable reserves which can reasonably be attributed to being derived from the 'B' shares. 'B' shareholder reserved matters relate to the Cumbria T1 project.
The 'C' shareholders are only entitled to receive notice of, attend and vote at general meetings relating to 'C' shareholder reserved matters. 'C' shareholders are entitled to dividends equal to the amount of the company's distributable reserves which can reasonably be attributed to being derived from the 'C' shares. 'C' shareholder reserved matters relate to all other new business, excluding the Sedbergh and Cumbria T1 projects.
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The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.
The audit report was signed on 23 December 2025 by Graham Wallace (senior statutory auditor) on behalf of Barnes Roffe Audit Limited.
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