REGISTERED NUMBER: 03929151 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ELLIOT CHARLES

HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A C E Inchbald

M Inchbald

REGISTERED OFFICE:

17 Wood Lane

Aspley Guise

Milton Keynes

Buckinghamshire

MK17 8EJ

REGISTERED NUMBER:

03929151 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

5 Argosy Court

Scimitar Way

Whitley Business Park

Coventry

CV3 4GA

FIXED ASSETS

Tangible assets

4

1,083

239

Investments

5

1,350,000

1,350,000

Investment property

6

742,141

742,141

2,093,224

2,092,380

CURRENT ASSETS

Debtors

7

585,185

594,009

Cash at bank

92,263

22,637

677,448

616,646

CREDITORS

Amounts falling due within one year

8

625,039

495,155

NET CURRENT ASSETS

52,409

121,491

TOTAL ASSETS LESS CURRENT LIABILITIES

2,145,633

2,213,871

CREDITORS

Amounts falling due after more than one year

9

915,356

1,011,666

NET ASSETS

1,230,277

1,202,205

CAPITAL AND RESERVES

Called up share capital

10,300

10,300

Share premium

800

800

Retained earnings

1,219,177

1,191,105

SHAREHOLDERS' FUNDS

1,230,277

1,202,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2026 and were signed on its behalf by:

A C E Inchbald - Director

1.	STATUTORY INFORMATION

Elliot Charles Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The directors have confirmed that in their opinion the Company will have adequate cash resources available to finance its trading and meet its obligations for the foreseeable future due to the continued support of the company's directors, bankers and creditors.

Turnover

Turnover represents:

(i) net invoiced sales, excluding value added tax, adjusted for work in progress.

(ii) profit shares from joint ventures.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33.33% on cost and 25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds, other than unsecured loans made by the scheme to the company. Contributions payable for the year are charged in the profit and loss account.

Investments

Investments are stated at cost. An annual impairment review is prepared by the directors and the carrying value of the investment is adjusted accordingly.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

9,764

Additions

1,300

At 31 March 2025

11,064

DEPRECIATION

At 1 April 2024

9,525

Charge for year

456

At 31 March 2025

9,981

NET BOOK VALUE

At 31 March 2025

1,083

At 31 March 2024

239

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Cost b/fwd

1,350,000

1,350,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

742,141

NET BOOK VALUE

At 31 March 2025

742,141

At 31 March 2024

742,141

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

280,086

273,446

Other debtors

305,099

320,563

585,185

594,009

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

22,126

20,164

Trade creditors

17,238

13,477

Taxation and social security

334,993

273,281

Other creditors

250,682

188,233

625,039

495,155

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

349,504

370,576

Other creditors

565,852

641,090

915,356

1,011,666

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors due within one year are loan notes for a face value of £2,000,000 £in favour of ACE Inchbald which partially funded the company's purchase of 800 shares in Grantmaster Limited.

Under the matching concept, during 2009 ACE Inchbald agreed to a potential reduction in the valuation of the loan note to reflect the impairment provision against the company investment in Grantmaster Limited.

Since 2009 the directors have reviewed the position of the potential reduction in the value of ACE Inchbald's loan notes and have reinstated the value as appropriate.

During the year to 31 March 2025 the directors reviewed the position of the potential reduction in the valuation of ACE Inchbald's loan notes and no redemption was required.

At 31 March 2025 there remains a balance of £815,000 (2024: £815000) in respect of these loan notes which are yet to be redeemed.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A C E Inchbald.