1 April 2022 false No description of principal activity Taxfiler 2023.9 NI677469business:PrivateLimitedCompanyLtd2022-04-012023-03-31 NI6774692022-03-31 NI6774692022-04-012023-03-31 NI677469business:AuditExemptWithAccountantsReport2022-04-012023-03-31 NI677469business:FilletedAccounts2022-04-012023-03-31 NI6774692023-03-31 NI677469business:Director12022-04-012023-03-31 NI677469business:Director22022-04-012023-03-31 NI677469business:RegisteredOffice2022-04-012023-03-31 NI6774692022-03-31 NI677469core:WithinOneYear2023-03-31 NI677469core:WithinOneYear2022-03-31 NI677469core:AfterOneYear2023-03-31 NI677469core:AfterOneYear2022-03-31 NI677469core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 NI677469core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 NI677469core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 NI677469core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 NI677469core:PreviouslyStatedAmount2023-03-31 NI677469core:PreviouslyStatedAmount2022-03-31 NI677469business:SmallEntities2022-04-012023-03-31 NI677469countries:NorthernIreland2022-04-012023-03-31 NI677469core:AfterOneYear2022-04-012023-03-31 NI677469business:Director112022-03-31 NI677469business:Director112022-04-012023-03-31 NI677469business:Director112023-03-31 NI6774692021-03-162022-03-31 iso4217:GBP xbrli:pure
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
Page
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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
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ELC Property Investment Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
96,284 
96,284 
Current assets
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)
Capital and reserves
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
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ELC Property Investment Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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.
4
Investment property
2023 
£ 
Fair value at 1 April 2022
96,284 
At 31 March 2023
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 
£ 
£ 
Bank loans
70,791 
70,791 
Accruals
738 
750 
71,529 
71,541 
Securities for the bank facilities are as follows: - Kensington mortgage over the properties at 25a Carrigart Manor, Craigavon.
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ELC Property Investment Ltd Notes to the Accounts for the year ended 31 March 2023
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Przemyslaw Bochnia
30,709 
312 
487 
30,534 
30,709 
312 
487 
30,534 
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).
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