Elderloch Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08821278 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Elderloch Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C Allen

B G Eades

D W Tracey

REGISTERED OFFICE:

Universal Square

Building 2, 3rd Floor

Devonshire Street North

Manchester

M12 6JH

REGISTERED NUMBER:

08821278 (England and Wales)

ACCOUNTANTS:

Uppal & Warr

Chartered Accountants

452 Manchester Road

Heaton Chapel

Stockport

SK4 5DL

FIXED ASSETS

Tangible assets

4

1,190,701

7,849,944

CURRENT ASSETS

Debtors

5

64,452

49,985

Cash at bank and in hand

10

571,162

64,462

621,147

CREDITORS

Amounts falling due within one year

6

376,960

2,866,491

NET CURRENT LIABILITIES

(312,498

)

(2,245,344

)

TOTAL ASSETS LESS CURRENT LIABILITIES

878,203

5,604,600

CREDITORS

Amounts falling due after more than one year

7

477,729

6,564,832

NET ASSETS/(LIABILITIES)

400,474

(960,232

)

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

9

400,464

(960,242

)

SHAREHOLDERS' FUNDS

400,474

(960,232

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 18 December 2023 and were signed on its behalf by:

Mrs C Allen - Director

1.	STATUTORY INFORMATION

Elderloch 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

not provided

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2022

7,849,944

Additions

3,150,627

Disposals

(9,809,870

)

At 31 March 2023

1,190,701

NET BOOK VALUE

At 31 March 2023

1,190,701

At 31 March 2022

7,849,944

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Other debtors

26,536

4,665

VAT

10,658

44,420

Prepayments

27,258

900

64,452

49,985

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

24,649

-

Trade creditors

114,185

808,326

Deposits

-

5,000

Associated company loans

220,672

1,766,859

Accrued expenses

17,454

286,306

376,960

2,866,491

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans

477,729

6,564,832

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

10

Ordinary

£1

10

10

9.

RESERVES

Retained

earnings

£

At 1 April 2022

(960,242

)

Profit for the year

1,360,706

At 31 March 2023

400,464