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Unaudited Financial Statements |
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for the Year Ended 31 January 2018 |
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for |
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Elandome Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 January 2018 |
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for |
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Elandome Limited |
Elandome Limited (Registered number: 04400336) |
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Contents of the Financial Statements |
for the Year Ended 31 January 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Elandome Limited |
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Company Information |
for the Year Ended 31 January 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Chartered Tax Advisers |
Pavilion 1 |
Finnieston Business Park |
Minerva Way |
GLASGOW |
G3 8AU |
Elandome Limited (Registered number: 04400336) |
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Balance Sheet |
31 January 2018 |
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31.1.18 | 31.1.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Fair value reserve | 7 | ( |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Elandome Limited (Registered number: 04400336) |
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Notes to the Financial Statements |
for the Year Ended 31 January 2018 |
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1. | STATUTORY INFORMATION |
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Elandome Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
Elandome Limited (Registered number: 04400336) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2018 |
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3. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 February 2017 |
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Disposals | ( |
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At 31 January 2018 |
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DEPRECIATION |
At 1 February 2017 |
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Eliminated on disposal |
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At 31 January 2018 |
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NET BOOK VALUE |
At 31 January 2018 |
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At 31 January 2017 |
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Land and buildings have been reallocated to Investment Property for disclosure purposes. |
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4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
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At 31 January 2018 |
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NET BOOK VALUE |
At 31 January 2018 |
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Investment property was included within Property, Plant & Equipment in the prior year financial statements. In |
the current year, the property has been reallocated to correctly disclose as Investment Property in line with the |
requirements of FRS 102 1A.There has been no change to the valuation included within the financial statements. |
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The company's investment property was valued to £2,736,540 in 2016 by the director after taking advice from |
independent property advisers.The director considers the fair value of the property on an annual basis based on |
experience and knowledge of the business sector. |
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The carrying value under the historical cost basis that would have been recognised, had the investment property |
not been revalued in 2016, would be £6,683,057. |
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The fair value reserve (balance £3,787,027) is shown separately from the retained earnings on the balance sheet. |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Elandome Limited (Registered number: 04400336) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2018 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 February 2017 |
and 31 January 2018 | ( |
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8. | PARENT COMPANY |
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The name of the parent company which draws up consolidated financial statements for the group is Dunvale |
Investments Limited with registered office Capella Building (Tenth Floor), 60 York Street, Glasgow, G2 8JX. |