Ellor (Management) Limited - Period Ending 2023-06-30

Ellor (Management) Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 6

Ellor (Management) Limited

Company Information

Directors

Mrs S Lapwood Mr R A Pyne Mrs S A Gallagher

Company secretary

Mr S I Jarrett

Registered office

Hillsdon House High Street Sidmouth Devon EX10 8LD

Accountants

Easterbrook Eaton Limited Chartered Accountants Cosmopolitan House Old Fore Street Sidmouth Devon EX10 8LS

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Ellor (Management) Limited
for the Year Ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ellor (Management) Limited for the year ended 30 June 2023 as set out on pages 3 to 6 from the company's 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Ellor (Management) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ellor (Management) Limited and state those matters that we have agreed to state to the Board of Directors of Ellor (Management) Limited, 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 Ellor (Management) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ellor (Management) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Ellor (Management) Limited. You consider that Ellor (Management) Limited 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 Ellor (Management) Limited. 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.

......................................

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

9 January 2024

Ellor (Management) Limited

(Registration number: 01290077)
Balance Sheet as at 30 June 2023

	Note	2023 £	2022 £
fixed assets
tangible assets	4	41,918	41,918
Creditors: Amounts falling due within one year	5	(11,885)	(11,885)
Net assets		30,033	30,033
capital and reserves
Called up share capital		32	32
Capital redemption reserve		1	1
Members contribution to freehold		30,000	30,000
Total equity		30,033	30,033

For the financial year ending 30 June 2023 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 year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 January 2024 and signed on its behalf by:
 

......................................... Mrs S Lapwood Director

Ellor (Management) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hillsdon House
High Street
Sidmouth
Devon
EX10 8LD

These financial statements were authorised for issue by the Board on 8 January 2024.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax. Tax is recognised in 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 income 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	Nil

Ellor (Management) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Bank, Cash and Other Assets

A statutory trust is placed over service charge monies received under section 42 of the Landlord and Tenant Act 1987 and the Residential Management Company acts as a trustee in this capacity.

The closing balance of cash and other assets held in trust by the Residential Management Company are £213,480:
£31,876 Harrison Lavers & Potburys Ltd Re Ellor (Management) Ltd Clients Account Barclays Acc. 20351644 (non-interest bearing)
£90,237 Harrison Lavers & Potburys Ltd Re Ellor (Management) Ltd Clients Account Barclays Premium Acc. 43424170 (interest bearing)
£91,367 Harrison Lavers & Potburys Ltd Re Ellor (Management) Ltd Clients Account Nat West Client Deposit Manager Acc. 56133391 (interest bearing)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 5).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 July 2022	41,918	41,918
At 30 June 2023	41,918	41,918
Depreciation
Carrying amount
At 30 June 2023	41,918	41,918
At 30 June 2022	41,918	41,918

Included within the net book value of land and buildings above is £41,918 (2022 - £41,918) in respect of freehold land and buildings.
 

Ellor (Management) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

5

Creditors

Creditors: amounts falling due within one year

	Note	2023 £	2022 £
Due within one year
Service charge account		11,885	11,885

6	Share capital

Allotted, called up and fully paid shares

	2023		2022
	No.	£	No.	£
Ordinary of £1 each	32	32	32	32