| The Elmdene Partnership Limited |
| Registered number: |
08215225 |
| Balance Sheet |
| as at 30 June 2021 |
|
| Notes |
|
|
2021 |
|
|
2020 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
4,636 |
|
|
- |
| Investments |
4 |
|
|
2,730,507 |
|
|
- |
|
|
|
|
2,735,143 |
|
|
- |
|
| Current assets |
| Debtors |
5 |
|
88,253 |
|
|
- |
| Cash at bank and in hand |
|
|
9,655 |
|
|
100 |
|
|
|
97,908 |
|
|
100 |
|
| Creditors: amounts falling due within one year |
6 |
|
(45,062) |
|
|
- |
|
| Net current assets |
|
|
|
52,846 |
|
|
100 |
|
| Total assets less current liabilities |
|
|
|
2,787,989 |
|
|
100 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(2,591,601) |
|
|
- |
|
| Provisions for liabilities |
|
|
|
(8,614) |
|
|
- |
|
| Net assets |
|
|
|
187,774 |
|
|
100 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
187,674 |
|
|
- |
|
| Shareholders' funds |
|
|
|
187,774 |
|
|
100 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| C Williams |
| Director |
| Approved by the board on 22 March 2022 |
|
| The Elmdene Partnership Limited |
| Notes to the Accounts |
| for the year ended 30 June 2021 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised when the service is performed. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Office equipment |
over 3 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. Long term loans to participating interests and companies under common control are recorded in investments and accounted for in accordance with the debtors policy below. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
|
|
|
|
|
|
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
1 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
Office equipment |
|
Total |
| £ |
£ |
|
Cost |
|
At 1 July 2020 |
- |
|
- |
|
Additions |
6,427 |
|
6,427 |
|
At 30 June 2021 |
6,427 |
|
6,427 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2020 |
- |
|
- |
|
Charge for the year |
1,791 |
|
1,791 |
|
At 30 June 2021 |
1,791 |
|
1,791 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2021 |
4,636 |
|
4,636 |
|
At 30 June 2020 |
- |
|
- |
|
|
|
|
|
|
|
|
|
| 4 |
Investments |
|
|
Investments in |
Unlisted |
|
|
participating |
Loans |
investment |
|
|
interests |
(see below) |
funds |
Total |
|
|
At cost |
At cost |
At valuation |
| £ |
£ |
£ |
£ |
|
Cost or valuation |
|
At 1 July 2020 |
- |
|
- |
|
- |
|
- |
|
Additions |
340,913 |
|
1,696,832 |
|
692,762 |
|
2,730,507 |
|
At 30 June 2021 |
340,913 |
|
1,696,832 |
|
692,762 |
|
2,730,507 |
|
|
|
|
|
|
|
|
Loans comprise loans to participating interests and to companies under common control. |
|
|
On 25 June 2021, the company acquired ordinary shares in Delfield Group Holdings Limited for a consideration of £340,913, as shown in investments in participating interests. |
|
|
| 5 |
Debtors |
2021 |
|
2020 |
| £ |
£ |
|
|
Trade debtors |
3,600 |
|
- |
|
Other debtors |
84,653 |
|
- |
|
|
|
|
|
|
88,253 |
|
- |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
25,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Trade creditors |
318 |
|
- |
|
Taxation and social security costs |
43,870 |
|
- |
|
Other creditors |
874 |
|
- |
|
|
|
|
|
|
45,062 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Other creditors - Directors loans |
2,591,601 |
|
- |
|
|
|
|
|
|
2,591,601 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 8 |
Controlling party |
|
|
The ultimate controlling party is Mr. C Williams, by virtue of his majority shareholding in the company. |
|
|
| 9 |
Other information |
|
|
The Elmdene Partnership Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
William Old Centre |
|
Ducks Hill Road |
|
Northwood |
|
Middlesex |
|
HA6 2NP |
