ACCOUNTS - Final Accounts preparation

Registered number: 13146685

ELYSIAN BERKHAMSTED OPERATING COMPANY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024


ELYSIAN BERKHAMSTED OPERATING COMPANY LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 7


ELYSIAN BERKHAMSTED OPERATING COMPANY LIMITED REGISTERED NUMBER:13146685

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

	31 December	30 September
	2024	2023
Note	£	£

Fixed assets
Tangible assets	4		1,944		-
Current assets
Stocks	5	7,500		-
Debtors: amounts falling due within one year	6	63,843		6,669
Cash at bank and in hand		114,717		-
		186,060		6,669
Current liabilities
Creditors: amounts falling due within one year	7	(209,615)		(41,470)
Net current liabilities			(23,555)		(34,801)
Total assets less current liabilities			(21,611)		(34,801)

Net liabilities			(21,611)		(34,801)

Capital and reserves
Called up share capital	8	1	1
Profit and loss account		(21,612)	(34,802)
		(21,611)	(34,801)

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ELYSIAN BERKHAMSTED OPERATING COMPANY LIMITED REGISTERED NUMBER:13146685

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 comprehensive income 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 on 23 December 2025.

G Stein

Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2


ELYSIAN BERKHAMSTED OPERATING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Elysian Berkhamsted Operating Company Limited is a private limited liabililty company registered in England and Wales. It's principle place of business and registered office is at The Denton, Shootersway, Berkhamsted, HP4 3NG.
The principal activity of the company is that of property management.
The company's functional and presentational currency is £ sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

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 following principal accounting policies have been applied:

2.2

Going concern

At the Statement of Financial Position date the company had net current liabilities and net liabilities. The directors have obtained assurance from a company under common control that funds will be made available to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have therefore been prepared under the going concern basis.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue from management charges in relation to the operating services agreement are recognised in accordance with the terms of the agreement.
Revenue from services charges are recognised in the period the service is provided.
Revenue from the sale of food and beverages are recognised at point of sale.

2.4

Pensions

The company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

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ELYSIAN BERKHAMSTED OPERATING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings

33%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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ELYSIAN BERKHAMSTED OPERATING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank, and loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors, and loans from related parties are recognised initially at transaction price plus attributable costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits.

Employees

The average monthly number of employees, including directors, during the period was 12 (2023 - 3).

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ELYSIAN BERKHAMSTED OPERATING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Fixtures and fittings
		£
	Cost
	Additions	2,000
	At 31 December 2024	2,000
	Depreciation
	Charge for the period on owned assets	56
	At 31 December 2024	56
	Net book value
	At 31 December 2024	1,944
	At 30 September 2023	-

5.	Stocks
		31 December	30 September
		2024	2023
		£	£

	Food and beverages	7,500	-

Debtors

					31 December	30 September
					2024	2023
					£	£


Trade debtors	11,980	-
Other debtors	14,150	1
Prepayments and accrued income	37,713	6,668
	63,843	6,669

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ELYSIAN BERKHAMSTED OPERATING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due within one year
		31 December	30 September
		2024	2023
		£	£

Other loans	100,000	-
Trade creditors	9,699	-
Amounts owed to group undertakings	70,113	40,020
Other taxation and social security	10,133	-
Other creditors	2,406	-
Accruals and deferred income	17,264	1,450
	209,615	41,470

8.	Share capital
		31 December	30 September
		2024	2023
		£	£

Allotted, called up and fully paid

1 Ordinary share of £1	1	1

9.	Contingent liabilities

The company is a chargor under a composite debenture entered into by an entity which owns the freehold property that the company provides property management services for. That entity took out a loan to finance the construction of the property. Under the terms of the composite debenture, the company's assets have been provided as security for the loan by way of a fixed and floating charge.

10.	Pension commitments

The company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable to the fund and amounted to £20,466 (30 September 2023 - £nil) Contributions totalling £2,406 (30 September 2023 - £nil) were payable to the fund at the reporting date and are included in other creditors.

11.	Parent undertaking

The immediate parent undertaking is Elysian Residences Limited, a company registered in England and Wales. It's registered office address is 112-116 New Oxford Street, London, WC1A 1HH.
The ultimate parent undertaking is Elysian Group Holdings Limited, a company registered in Jersey. It's registered office address is 1st Floor, Osprey House, Old Street, St. Helier, Jersey, JE2 3RG.

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