Registration number:
Elliot James Group Ltd
for the Period from 15 August 2017 to 30 June 2018
Chartered Certified Accountants
81 King Street
Manchester
M2 4AH
Elliot James Group Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Elliot James Group Ltd
Company Information
Director |
Mr Martin Webb |
Registered office |
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Accountants |
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Page 1 |
Elliot James Group Ltd
(Registration number: 10917073)
Balance Sheet as at 30 June 2018
Note |
2018 |
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Fixed assets |
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Investments |
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Creditors: Amounts falling due within one year |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Total equity |
( |
For the financial period ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his 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 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Director
Page 2 |
Elliot James Group Ltd
Notes to the Financial Statements for the Period from 15 August 2017 to 30 June 2018
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
Summary of disclosure exemptions
The accounts do not include a cash flow statement because the Company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Going concern
At the balance sheet date, the company has net liabilties of £1,220. The directors have confirmed their continued support in ensuring the company has sufficient working capital in order to continue its trade, the accounts have therefore been prepared on a going concern basis.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Page 3 |
Elliot James Group Ltd
Notes to the Financial Statements for the Period from 15 August 2017 to 30 June 2018
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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.
Investments |
2018 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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Additions |
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Provision |
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Carrying amount |
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At 30 June 2018 |
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Page 4 |
Elliot James Group Ltd
Notes to the Financial Statements for the Period from 15 August 2017 to 30 June 2018
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2018 |
Subsidiary undertakings |
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94 Gravel Lane, Wilmslow, SK9 6LT |
Ordinary |
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England and Wales |
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81 King Street, Manchester, M2 4AH |
Ordinary |
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England and Wales |
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81 King Street, Manchester, M2 4AH |
Ordinary |
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England and Wales |
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81 King Street, Manchester, M2 4AH |
Ordinary |
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England and Wales |
The principal activity of Elliot James Developments Limited is |
The principal activity of Elliot James Property Limited is |
The principal activity of Elliot James Property Deals Ltd is |
The principal activity of EMS Property Developments Ltd is |
Creditors |
Note |
2018 |
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Due within one year |
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Amounts owed to related parties |
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Accruals and deferred income |
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Other creditors |
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Page 5 |
Elliot James Group Ltd
Notes to the Financial Statements for the Period from 15 August 2017 to 30 June 2018
Share capital |
Allotted, called up and fully paid shares
2018 |
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No. |
£ |
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100 |
Related party transactions |
Summary of transactions with subsidiaries
Page 6 |