ELM TREE ASSETS LIMITED - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04852997 (England and Wales)

Financial Statements for the Year Ended 31st December 2023

for

ELM TREE ASSETS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

F D Kaimakamis

SECRETARY:

Andreas Kaimakamis

REGISTERED OFFICE:

51 THE GROVE

EALING

London

W5 5DX

REGISTERED NUMBER:

04852997 (England and Wales)

ACCOUNTANTS:

C. Charles & Co Limited

Chartered Certified Accountants

Argyle Court

105 Seven Sisters Road

London

London

N7 7QR

FIXED ASSETS

Tangible assets

4

1,338,313

1,558,620

CURRENT ASSETS

Debtors

5

1,677,098

1,966,151

Prepayments and accrued income

8,109

13,698

Cash at bank and in hand

725

5,370

1,685,932

1,985,219

CREDITORS

Amounts falling due within one year

6

15,977

33,670

NET CURRENT ASSETS

1,669,955

1,951,549

TOTAL ASSETS LESS CURRENT LIABILITIES

3,008,268

3,510,169

CREDITORS

Amounts falling due after more than one year

7

2,412,584

2,979,529

NET ASSETS

595,684

530,640

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

595,584

530,540

SHAREHOLDERS' FUNDS

595,684

530,640

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 2nd May 2024 and were signed by:

F D Kaimakamis - Director

1.	STATUTORY INFORMATION

ELM TREE ASSETS 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st January 2023

1,558,620

Disposals

(220,307

)

At 31st December 2023

1,338,313

NET BOOK VALUE

At 31st December 2023

1,338,313

At 31st December 2022

1,558,620

5.

DEBTORS

2023

2022

£

£

Amounts falling due within one year:

Trade debtors

122,600

15,061

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,554,498

1,951,090

Aggregate amounts

1,677,098

1,966,151

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

5,569

8,185

Taxation and social security

6,833

21,510

Other creditors

3,575

3,975

15,977

33,670

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

1,594,812

1,858,978

Other creditors

817,772

1,120,551

2,412,584

2,979,529

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,594,812

1,858,978