Elco Property Holdings Ltd - Accounts

ELCO PROPERTY HOLDINGS LTD - Company Information

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Registered Number: 13555070

England and Wales

ELCO PROPERTY HOLDINGS LTD

Unaudited Financial Statements

Period of accounts

Start date: 09 August 2021

End date: 31 August 2022

Elco Property Holdings Ltd
Contents Page
For the period ended 31 August 2022

Company information	1
Directors' report	2
Accountants' report	3
Statement of financial position	4
Notes to the financial statements	5
Statement of changes in equity	6

Elco Property Holdings Ltd
Company Information
For the period ended 31 August 2022

Directors	Helen Elworthy Richard Elworthy Susan Cocks Christopher Cocks
Registered Number	13555070
Registered Office	The Old Manor House Reedness Goole DN14 8EY
Accountants	aa Chartered Accountants Fenlake House Fenlake Business Centre Peterborough PE1 5BQ

Elco Property Holdings Ltd
Directors' Report
For the period ended 31 August 2022

Director's report and financial statements
The directors present their annual report and the financial statements for the period ended 31 August 2022.

Principal activities

Principal activity of the company during the financial period was of letting and operating of own or leased real estate.

Directors
The directors who served the company throughout the period were as follows:

Helen Elworthy

Richard Elworthy

Susan Cocks

Christopher Cocks

Statement of directors' responsibilities

The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:

----------------------------------
Helen Elworthy
Director

Date approved: 17 March 2023

Elco Property Holdings Ltd Accountants' Report For the period ended 31 August 2022
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Elco Property Holdings Ltd for the year ended 31 August 2022. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Elco Property Holdings Ltd for the year ended 31 August 2022 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Elco Property Holdings Ltd, as a body, in accordance with the terms of our engagement letter dated 17 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of Elco Property Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of Elco Property Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elco Property Holdings Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Elco Property Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Elco Property Holdings Ltd. You consider that Elco Property Holdings Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Elco Property Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the period ended 31 August 2022. .................................................... aa Chartered Accountants Fenlake House Fenlake Business Centre Peterborough PE1 5BQ 17 March 2023 3

Elco Property Holdings Ltd
Accountants' Report
For the period ended 31 August 2022

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Elco Property Holdings Ltd for the year ended 31 August 2022.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Elco Property Holdings Ltd for the year ended 31 August 2022 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Elco Property Holdings Ltd, as a body, in accordance with the terms of our engagement letter dated 17 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of Elco Property Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of Elco Property Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elco Property Holdings Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Elco Property Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Elco Property Holdings Ltd. You consider that Elco Property Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Elco Property Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the period ended 31 August 2022.

....................................................
aa Chartered Accountants
Fenlake House
Fenlake Business Centre
Peterborough
PE1 5BQ
17 March 2023

Elco Property Holdings Ltd
Statement of Financial Position
As at 31 August 2022

	Notes	2022 £
Fixed assets
Tangible fixed assets	3	296,282
		296,282
Current assets
Debtors	4	2,211
Cash at bank and in hand		751
		2,962
Creditors: amount falling due within one year	5	(126,610)
Net current liabilities		(123,648)

Total assets less current liabilities		172,634
Creditors: amount falling due after more than one year	6	(165,380)
Net assets		7,254

Capital and reserves
Called up share capital	7	100
Profit and loss account		7,154
Shareholder's funds		7,254

For the period ended 31 August 2022 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 accounts for the period in question 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 accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 17 March 2023 and were signed on its behalf by:

--------------------------------
Helen Elworthy
Director

Elco Property Holdings Ltd
Statement of Changes in Equity
For the period ended 31 August 2022

	Equity share capital	Revaluation reserve	Capital redemption reserve	Retained Earnings	Total
	£	£	£	£	£
At 09 August 2021					-
Profit for the period				7,154	7,154
Total comprehensive income for the period	-	-	-	7,154	7,154
Shares issued	100				100
Total investments by and distributions to owners	100	-	-	-	100
At 31 August 2022	100			7,154	7,254

Elco Property Holdings Ltd
Notes to the Financial Statements
For the period ended 31 August 2022

General Information

Elco Property Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 13555070, registration address The Old Manor House, Reedness, Goole, DN14 8EY.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.	Average number of employees including directors Average number of employees during the period was 1.

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 09 August 2021	-	-
Additions	296,282	296,282
Disposals	-	-
At 31 August 2022	296,282	296,282
Depreciation
At 09 August 2021	-	-
Charge for period	-	-
On disposals	-	-
At 31 August 2022	-	-
Net book values
Closing balance as at 31 August 2022	296,282	296,282
Opening balance as at 09 August 2021	-	-

Debtors: amounts falling due within one year

	2022 £
Prepayments & Accrued Income	553
	553

Debtors: amounts falling due after one year

	2022 £
Prepayments	1,658
	1,658

Creditors: amount falling due within one year

	2022 £
Bank Loans & Overdrafts	12,860
Corporation Tax	1,775
Related Party	94,764
Shareholders Loan Accounts	12,150
Directors' Current Accounts	5,061
	126,610

Creditors: amount falling due after more than one year

	2022 £
Bank Loans & Overdrafts	165,380
	165,380

Share Capital

Authorised
100 Class A shares of £1.00 each

Allotted, called up and fully paid	2022 £
100 Class A shares of £1.00 each	100
	100

Related Party Transactions

Particulars		Current £
Northwood Doncaster Ltd (Reg No 06398785 )		76,264
Enfuse Plumbing and Building Services Ltd (Reg No 12478330 )		18,500

During the year the company was lent funds from the above related parties of which are controlled by similar directors and shareholders on a interest free basis and repayable upon demand.