Company Registration No. NI677469 (Northern Ireland)
ELC Property Investment Ltd
Unaudited accounts
for the year ended 31 March 2023
ELC Property Investment Ltd
Unaudited accounts
Contents
ELC Property Investment Ltd
Company Information
for the year ended 31 March 2023
Directors
Przemyslaw Bochnia
Monika Korczak
Company Number
NI677469 (Northern Ireland)
Registered Office
c/o SJK Chartered Accountants
8 Bridge Road
Moira
Co. Armagh
BT67 0PF
Accountants
SJK
8 Bridge Road
Moira
Co. Armagh
BT67 0PF
ELC Property Investment Ltd
Statement of financial position
as at 31 March 2023
Investment property
96,284
96,284
Cash at bank and in hand
5,422
2,184
Creditors: amounts falling due within one year
(30,534)
(30,709)
Net current liabilities
(25,112)
(28,525)
Total assets less current liabilities
71,172
67,759
Creditors: amounts falling due after more than one year
(71,529)
(71,541)
Net liabilities
(357)
(3,782)
Called up share capital
100
100
Profit and loss account
(457)
(3,882)
Shareholders' funds
(357)
(3,782)
For the year ending 31 March 2023 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 28 September 2023 and were signed on its behalf by
Przemyslaw Bochnia
Director
Company Registration No. NI677469
ELC Property Investment Ltd
Notes to the Accounts
for the year ended 31 March 2023
ELC Property Investment Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI677469. The registered office is c/o SJK Chartered Accountants, 8 Bridge Road, Moira, Co. Armagh, BT67 0PF.
2
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 April 2022
96,284
The directors consider that the above value of investment property represents the market value at 31 March 2023.
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
30,534
30,709
6
Creditors: amounts falling due after more than one year
2023
2022
Securities for the bank facilities are as follows:
- Kensington mortgage over the properties at 25a Carrigart Manor, Craigavon.
ELC Property Investment Ltd
Notes to the Accounts
for the year ended 31 March 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The company owes £30,534 (2022: £30,709) to the directors at year end. These loans are repayable on demand and non-interest bearing.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).