Company Registration No. 11717539 (England and Wales)
Elite Property Estates Limited
Unaudited accounts
for the year ended 31 December 2022
Elite Property Estates Limited
Unaudited accounts
Contents
Elite Property Estates Limited
Company Information
for the year ended 31 December 2022
Directors
Mr A Jones
Mr C Cottam
Company Number
11717539 (England and Wales)
Registered Office
UNIT 14 MATCHMILL BUSINESS PARK, NEWNHAM
PLYMPTON
PLYMOUTH
PL7 4AW
UNITED KINGDOM
Accountants
Earnings Determined
7 High Street
North Tawton
Devon
EX20 2HF
Elite Property Estates Limited
Statement of financial position
as at 31 December 2022
Tangible assets
832,725
832,725
Cash at bank and in hand
10,692
16,014
Creditors: amounts falling due within one year
(265,408)
(256,461)
Net current liabilities
(219,343)
(207,201)
Total assets less current liabilities
613,382
625,524
Creditors: amounts falling due after more than one year
(585,413)
(606,504)
Called up share capital
100
100
Profit and loss account
27,869
18,920
Shareholders' funds
27,969
19,020
For the year ending 31 December 2022 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by
Mr A Jones
Director
Company Registration No. 11717539
Elite Property Estates Limited
Notes to the Accounts
for the year ended 31 December 2022
Elite Property Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 11717539. The registered office is UNIT 14 MATCHMILL BUSINESS PARK, NEWNHAM, PLYMPTON, PLYMOUTH, PL7 4AW, UNITED KINGDOM.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
At 31 December 2022
832,725
At 31 December 2022
832,725
At 31 December 2021
832,725
Amounts falling due within one year
Other debtors
35,373
33,246
Elite Property Estates Limited
Notes to the Accounts
for the year ended 31 December 2022
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Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
20,343
23,448
Taxes and social security
2,100
5,423
Loans from directors
232,757
222,994
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Creditors: amounts falling due after more than one year
2022
2021
Bank loans
585,413
606,504
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Average number of employees
During the year the average number of employees was 0 (2021: 0).