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Registered number: 09972337

Elate Rose Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023

Prepared By:
Somersby Consulting Limited
Accountants and Tax Advisors
Unit 2 Sherbrook Enterprise
100 Sherbrook Road
Daybrook
Nottingham
NG5 6AB

Elate Rose Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
DIRECTORS
Ms N S Asher
Mr R B Asher
REGISTERED OFFICE
Unit 2 Sherbrook Enterprise
100 Sherbrook Road
Daybrook
Nottingham
NG5 6AB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09972337
ACCOUNTANTS
Somersby Consulting Limited
Accountants and Tax Advisors
Unit 2 Sherbrook Enterprise
100 Sherbrook Road
Daybrook
Nottingham
NG5 6AB

Elate Rose Limited

ACCOUNTS
FOR THEYEARENDED31/01/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

Elate Rose Limited

BALANCE SHEET AT 31/01/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3475,549475,849
CURRENT ASSETS
Debtors51,169906
Cash at bank and in hand6,92516,806
8,09417,712
CREDITORS: Amounts falling due within one year6356,429371,646
NET CURRENT LIABILITIES(348,335)(353,934)
TOTAL ASSETS LESS CURRENT LIABILITIES127,214121,915
PROVISIONS FOR LIABILITIES AND CHARGES1,8614,809
NET ASSETS125,353117,106
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account125,253117,006
SHAREHOLDERS' FUNDS125,353117,106
For the year ending 31/01/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 17/10/2023 and signed on their behalf by
.............................
Ms N S Asher
Director

Elate Rose Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
1. ACCOUNTING POLICIES
1a. General Information
Elate Rose Limited is a private company, limited by shares and registered in England and Wales. The registered office address is stated on page 1 of these accounts. The company's principle activity is that of the rental of property.
1b. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention except that as disclosed in the accounting policies certain items shown at fair value.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are presented in Sterling (£).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line33.3%
1d. Investment Properties
Investment properties are included in the financial statements at fair value, derived from the current market prices and comparable real estate determined annually. Gains are recognised in the statement of comprehensive income through other operating income.
Deferred taxation is provided on these at the rate expected to apply when the property is sold.
1e. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Elate Rose Limited

1f. Revenue Recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
2. EMPLOYEES
20232022
No.No.
Average number of employees42
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/02/2022899899
At 31/01/2023899899
Depreciation
At 01/02/20225050
For the year300300
At 31/01/2023350350
Net Book Amounts
At 31/01/2023549549
At 31/01/2022849849
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/02/2022475,000475,000
At 31/01/2023475,000475,000
Tangible fixed assets included at valuation would have been included on an historical cost basis at £450,544 (2022: £450,544). The investment properties are revalued annually by the directors on an open market value basis, and consider themselves able to do so given their expertise and knowledge of the investment property market.

Elate Rose Limited

5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors1,169906
1,169906
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax2,2511,242
PAYE control90-
Directors current account350,250353,933
Other creditors600600
Accruals3,23815,871
356,429371,646
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. RELATED PARTY TRANSACTIONS
During the year a loan existed between the company and the directors.
At the balance sheet date the amount owed to the directors amounted to £350,250 (2022: £353,933).