Registered number
09750365
ELITE LONDON PROPERTY LTD
Filleted Accounts
31 August 2023
ELITE LONDON PROPERTY LTD
Registered number: 09750365
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,200 2,400
Current assets
Cash at bank and in hand 15,952 19,073
Creditors: amounts falling due within one year 4 (5,741) (16,328)
Net current assets 10,211 2,745
Net assets 11,411 5,145
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,311 5,045
Shareholders' funds 11,411 5,145
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sami K Elias
Director
Approved by the board on 10 October 2023
ELITE LONDON PROPERTY LTD
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 September 2022 6,000
At 31 August 2023 6,000
Depreciation
At 1 September 2022 3,600
Charge for the year 1,200
At 31 August 2023 4,800
Net book value
At 31 August 2023 1,200
At 31 August 2022 2,400
4 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 1,080 1,080
Corporation Tax 2,924 1,646
Other creditors 1,737 13,602
5,741 16,328
5 Other information
ELITE LONDON PROPERTY LTD is a private company limited by shares and incorporated in England. Its registered office is:
92 Crawford Street
London
W1H 2HE
ELITE LONDON PROPERTY LTD 09750365 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts April 2022 Sami K Elias No description of principal activity 09750365 2021-09-01 2022-08-31 09750365 core:WithinOneYear 2022-08-31 09750365 core:ShareCapital 2022-08-31 09750365 core:RetainedEarningsAccumulatedLosses 2022-08-31 09750365 2022-09-01 2023-08-31 09750365 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09750365 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 09750365 bus:Director40 2022-09-01 2023-08-31 09750365 1 2022-09-01 2023-08-31 09750365 2 2022-09-01 2023-08-31 09750365 core:Vehicles 2022-09-01 2023-08-31 09750365 countries:England 2022-09-01 2023-08-31 09750365 bus:FRS102 2022-09-01 2023-08-31 09750365 bus:FullAccounts 2022-09-01 2023-08-31 09750365 2023-08-31 09750365 core:WithinOneYear 2023-08-31 09750365 core:ShareCapital 2023-08-31 09750365 core:RetainedEarningsAccumulatedLosses 2023-08-31 09750365 core:Vehicles 2023-08-31 09750365 2022-08-31 09750365 core:Vehicles 2022-08-31 iso4217:GBP xbrli:pure