ELMEAS LTD.


Director	M. W KOELB


Company Secretary	OHS SECRETARIES LIMITED


Registered Address	9th Floor 107 Cheapside
	London
	EC2V 6DN


Registered Number	13771023 (England and Wales)

Balance Sheet as at
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		5,387		6,741
Investments	4		21,677		21,677
			27,064		28,418
Current assets
Debtors	5	129,534		146,449
Cash at bank and on hand		20,387		9,566
		149,921		156,015
Creditors amounts falling due within one year	6	(1,578,733)		(1,153,596)
Net current assets (liabilities)			(1,428,812)		(997,581)
Total assets less current liabilities			(1,401,748)		(969,163)
Net assets			(1,401,748)		(969,163)
Capital and reserves
Called up share capital			10		10
Profit and loss account			(1,401,758)		(969,173)
Shareholders' funds			(1,401,748)		(969,163)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 22 December 2025, and are signed on its behalf by:

M. W KOELB
Director
Registered Company No. 13771023

ELMEAS LTD.

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The Company has negative reserves at the balance sheet date. The director continues to provide financial support by way of a director’s loan and has confirmed an intention to do so for at least twelve months from the date of approval of these financial statements. Accordingly, the director considers the going concern basis of preparation to be appropriate.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Defined contribution pension plan
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

	Current taxation
	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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	5

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		3

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 December 24	11,442	11,442
Additions	994	994
At 30 November 25	12,436	12,436
Depreciation and impairment
At 01 December 24	4,701	4,701
Charge for year	2,348	2,348
At 30 November 25	7,049	7,049
Net book value
At 30 November 25	5,387	5,387
At 30 November 24	6,741	6,741

4.	Fixed asset investments
	The Company has taken advance of the special rules for small groups to not prepare group accounts, as the group qualifies as small.

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 December 24	21,677	21,677
At 30 November 25	21,677	21,677
Net book value
At 30 November 25	21,677	21,677
At 30 November 24	21,677	21,677

	Notes
	¹Investments in group undertakings and participating interests

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	16,184	-
Other debtors	110,764	144,629
Prepayments and accrued income	2,586	1,820
Total	129,534	146,449


	Amounts due by group undertakings relate to monies owed by the Company’s subsidiary and this loan is unsecured, interest free and repayable on demand.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	4,392	16,844
Amounts owed to related parties	18,496	6,238
Taxation and social security	1,395	4,750
Other creditors	1,554,450	1,125,764
Total	1,578,733	1,153,596


	At the balance sheet date, the Company owed £1,554,193 (2024: £1,125,763) to the director and this amount is included within Other creditors. The loan is unsecured, interest free and repayable on demand. Amounts owed to related parties relate to monies owed to the Company’s subsidiary and this loan is unsecured, interest free and repayable on demand.

7.	Related party transactions
	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.