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REGISTERED NUMBER: 10024992 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Elvers Properties Limited

Elvers Properties Limited (Registered number: 10024992)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Elvers Properties Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs E J Johnson





REGISTERED OFFICE: Torwood, Elvers
Green Lane
Knowle
Solihull
West Midlands
B93 0AA





REGISTERED NUMBER: 10024992 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Elvers Properties Limited (Registered number: 10024992)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 450 -
Investment property 5 912,411 912,411
912,861 912,411

CURRENT ASSETS
Debtors 6 300 483
Cash at bank 67,512 95,909
67,812 96,392
CREDITORS
Amounts falling due within one year 7 (856,713 ) (905,681 )
NET CURRENT LIABILITIES (788,901 ) (809,289 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,960

103,122

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 123,860 103,022
SHAREHOLDERS' FUNDS 123,960 103,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 May 2023 and were signed by:




Mrs E J Johnson - Director


Elvers Properties Limited (Registered number: 10024992)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Elvers Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration of rent received or receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
The investment property is shown at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 450
At 31 March 2023 450
NET BOOK VALUE
At 31 March 2023 450

Elvers Properties Limited (Registered number: 10024992)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2022
and 31 March 2023 912,411
NET BOOK VALUE
At 31 March 2023 912,411
At 31 March 2022 912,411

In the opinion of the director, the current market value of the investment property is not materially different to its cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 219
Other debtors 300 264
300 483

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 5,803 7,155
Other creditors 850,910 898,526
856,713 905,681

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
65 Ordinary £1 135 100
35 Ordinary "A" shares £1 (35 ) -
100 100

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
35 Share capital 2 £1 (35 ) -

Elvers Properties Limited (Registered number: 10024992)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. RESERVES
Retained
earnings
£   

At 1 April 2022 103,022
Profit for the year 24,838
Dividends (4,000 )
At 31 March 2023 123,860

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Elvers Properties Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Elvers Properties Limited for the year ended 31 March 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Elvers Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Elvers Properties Limited and state those matters that we have agreed to state to the director of Elvers Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elvers Properties Limited and its director for our work or for this report.

It is your duty to ensure that Elvers Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Elvers Properties Limited. You consider that Elvers Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Elvers Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


4 May 2023