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Company No: 08282931 (England and Wales)

# ELM DEVELOPMENTS HOLDINGS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 January 2026
Pages for filing with the registrar

ELM DEVELOPMENTS HOLDINGS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 January 2026

Contents

ELM DEVELOPMENTS HOLDINGS LIMITED

## BALANCE SHEET

As at 31 January 2026
ELM DEVELOPMENTS HOLDINGS LIMITED

## BALANCE SHEET (continued)

As at 31 January 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 3 | 6,074,116 |  | 6,074,116
|  | 6,074,116 |  | 6,074,116
Current assets |  |  |  |
Cash at bank and in hand |  | 6,689 |  | 7,915
|  | 6,689 |  | 7,915
Creditors: amounts falling due within one year | 4 | ( 3,251,279) |  | ( 3,363,031)
Net current liabilities |  | (3,244,590) |  | (3,355,116)
Total assets less current liabilities |  | 2,829,526 |  | 2,719,000
Net assets |  | 2,829,526 |  | 2,719,000
Capital and reserves |  |  |  |
Called-up share capital | 5 | 15,714 |  | 15,714
Capital redemption reserve |  | 1,453,556 |  | 1,341,744
Profit and loss account |  | 1,360,256 |  | 1,361,542
Total shareholders' funds |  | 2,829,526 |  | 2,719,000

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Elm Developments Holdings Limited (registered number: 08282931) were approved and authorised for issue by the Board of Directors on 12 March 2026. They were signed on its behalf by:

Mrs K Rosser Director |

ELM DEVELOPMENTS HOLDINGS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2026
ELM DEVELOPMENTS HOLDINGS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Elm Developments Holdings Limited is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.
The principal place of business and registered address of the Company is:
Hawthorn House
Emperor Way
Exeter Business Park
Exeter, EX1 3QS
United Kingdom
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

##### Interest income

Interest income is recognised over time based on the amount outstanding and the effective interest rate.

##### Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Fixed asset investments

Investments in subsidiaries

| 2026
| £
Cost |
At 01 February 2025 | 6,074,116
At 31 January 2026 | 6,074,116
Carrying value at 31 January 2026 | 6,074,116
Carrying value at 31 January 2025 | 6,074,116

#### 4. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Amounts owed to Group undertakings | 231,033 |  | 231,033
Accruals | 1,320 |  | 1,260
Other creditors | 3,018,926 |  | 3,130,738
| 3,251,279 |  | 3,363,031

#### 5. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
15,714 Ordinary shares of £ 1.00 each | 15,714 |  | 15,714
3,018,928 Preference cumulative redeemable shares of £ 1.00 each (2025: 3,130,738 shares of £ 1.00 each) | 3,018,928 |  | 3,130,738
| 3,034,642 |  | 3,146,452

During the year, £111,812 (2025: £111,812 ) worth of preference shares were redeemed at par.

#### 6. Loans and borrowings

Current loans and borrowings

| 2026 |  | 2025
| £ |  | £
Redeemable preference shares | 3,018,926 |  | 3,130,738

Borrowings

Included in the total amount of preference shares at the year end is £3,018,926 (2025: £3,130,738).
The preference shares are redeemable at anytime at par by the company by giving a minimum of 20 days and a maximum of 60 days' notice in writing or by the preference shareholders by serving the company a shareholder redemption notice. Any redemption of preference shares is subject to a minimum redemption of £100,000 per annum.
In the event of a winding up, the preference shareholders are entitled to the repayment of the amounts paid on their shares and payment of any arrears of preference dividend.
The preference shares will be redeemable in full in the event of a change of control.
The preference shares carry a coupon rate of 2%.