Abbreviated Company Accounts - ELM FINANCE LIMITED

ELM FINANCE LIMITED - Company Information

Registered Number 03512133

ELM FINANCE LIMITED

Abbreviated Accounts

5 April 2016

ELM FINANCE LIMITED Registered Number 03512133

Abbreviated Balance Sheet as at 5 April 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	1	1
Investments		-	-
		1	1
Current assets
Stocks		-	-
Debtors		1	1
Investments		-	-
Cash at bank and in hand		2	2
		3	3
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		0	0
Net current assets (liabilities)		3	3
Total assets less current liabilities		4	4
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		4	4
Capital and reserves
Called up share capital		2	2
Profit and loss account		2	2
Shareholders' funds		4	4

For the year ending 5 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 2 March 2018

And signed on their behalf by:
Iain Liddell, Director

ELM FINANCE LIMITED Registered Number 03512133

Notes to the Abbreviated Accounts for the period ended 5 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
tangible fixed assets are stated at cost less depreciation. depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2Tangible fixed assets

	£
Cost
At 6 April 2015	1
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 5 April 2016	1
Depreciation
At 6 April 2015	0
Charge for the year	0
On disposals	0
At 5 April 2016	0
Net book values
At 5 April 2016	1
At 5 April 2015	1

The parent undertaking has a call option which enables it to purchase the freehold title for £10. The option period runs from 22 December 2060 for 949 years