Company No:
Contents
DIRECTORS | Mrs J Kingdon |
Mrs K Rosser | |
Mrs I Rosser |
REGISTERED OFFICE | Hawthorn House Emperor Way |
Exeter Business Park | |
Exeter | |
EX1 3QS | |
United Kingdom |
COMPANY NUMBER | 00949328 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Centenary House | |
Peninsula Park | |
Rydon Lane | |
Exeter | |
Devon EX2 7XE |
Note | 2022 | 2021 | ||
£ | £ | |||
Fixed assets | ||||
Investment property | 3 |
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4,835,000 | 4,835,000 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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1,701,257 | 1,586,946 | |||
Creditors | ||||
Amounts falling due within one year | 5 | (
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Net current assets | 1,403,204 | 1,282,995 | ||
Total assets less current liabilities | 6,238,204 | 6,117,995 | ||
Provisions for liabilities | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 6 |
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Profit and loss account |
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Total shareholder's funds |
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Directors' responsibilities:
The financial statements of Elm Developments Limited (registered number:
Mrs K Rosser
Director |
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.
Elm Developments 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 address of the Company's registered office is Hawthorn House, Emperor Way, Exeter, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties 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. There are no material departures form FRS 102.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
The Company's business activities, together with the factors likely to affect its future development, performance and position are set out in the Directors’ Report.
The Company's financial statements have been prepared on a going concern basis, taking account of the continued possible impact of COVID-19 in trading performance. The directors are confident that the company has adequate resources to continue trade for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
The company recognises revenue:
In the period to which it relates with accrued and deferred income being adjusted as necessary.
Tax is recognised in the profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation 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 taxable income.
Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The company holds the following financial instruments:
• Short term trade and other debtors and other creditors;
• Cash and bank balances.
All financial instruments are classified as basic.
2022 | 2021 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Investment property | |
£ | |
Valuation | |
As at 01 February 2021 |
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As at 31 January 2022 |
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No change in value of investment property has taken place over current period. The historic cost of the investment property is £3,181,551 (2021 - £3,181,551).
2022 | 2021 | ||
£ | £ | ||
Trade debtors |
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Amounts owed by Group undertakings |
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Prepayments |
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Other debtors |
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2022 | 2021 | ||
£ | £ | ||
Trade creditors |
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Other creditors |
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Corporation tax |
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Other taxation and social security |
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2022 | 2021 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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As at 31 January 2021 the profit and loss account included £1,138,456 (2021 £1,138,456 ) of non-distributable reserves. This relates to the revaluation surplus on investment properties.
Parent Company:
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Hawthorn house Emperor Way Exeter Business Park Exeter, EX1 3QS United Kingdom |