ELM ENTERPRISES LTD

ELM ENTERPRISES LTD

ELM ENTERPRISES LTD - Company Information

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ELM ENTERPRISES LTD

Company Registration Number:
09291844 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2017

Period of accounts

Start date: 01 December 2016

End date: 30 November 2017

ELM ENTERPRISES LTD

Contents of the Financial Statements

for the Period Ended 30 November 2017

Balance sheet
Notes

ELM ENTERPRISES LTD

Balance sheet

As at 30 November 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 1,633 2,179
Investments: 3 608,700 608,700
Total fixed assets: 610,333 610,879
Current assets
Debtors: 4 1,877 347
Cash at bank and in hand: 1,573 1,355
Total current assets: 3,450 1,702
Creditors: amounts falling due within one year: 5 (167,470) (170,185)
Net current assets (liabilities): (164,020) (168,483)
Total assets less current liabilities: 446,313 442,396
Creditors: amounts falling due after more than one year: 6 (439,200) (424,560)
Total net assets (liabilities): 7,113 17,836
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: (2,887) 7,836
Shareholders funds: 7,113 17,836

The notes form part of these financial statements

ELM ENTERPRISES LTD

Balance sheet statements

For the year ending 30 November 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 March 2018
and signed on behalf of the board by:

Name: L Katsantonis
Status: Director

The notes form part of these financial statements

ELM ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ELM ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2017

2. Tangible Assets

Total
Cost £
At 01 December 2016 3,874
At 30 November 2017 3,874
Depreciation
At 01 December 2016 1,695
Charge for year 546
At 30 November 2017 2,241
Net book value
At 30 November 2017 1,633
At 30 November 2016 2,179

ELM ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2017

3. Fixed investments

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and loss account.

ELM ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2017

4. Debtors

2017 2016
££
Debtors due after more than one year: 1,877 347

ELM ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2017

5. Creditors: amounts falling due within one year note

Trade creditors £800Other creditors £166,661Accruals £9

ELM ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2017

6. Creditors: amounts falling due after more than one year note

Bank Loan £439,200