Elation Homes Limited 09716201 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true 09716201 2022-03-01 2023-02-28 09716201 2023-02-28 09716201 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 09716201 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 09716201 bus:Micro-entities 2022-03-01 2023-02-28 09716201 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 09716201 bus:FullAccounts 2022-03-01 2023-02-28 09716201 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 09716201 bus:RegisteredOffice 2022-03-01 2023-02-28 09716201 bus:Director1 2022-03-01 2023-02-28 09716201 bus:Director2 2022-03-01 2023-02-28 09716201 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 09716201 countries:England 2022-03-01 2023-02-28 09716201 2021-03-01 2022-02-28 09716201 2022-02-28 09716201 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 09716201 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 09716201

Elation Homes Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Elation Homes Limited

Contents

Company Information

1

Profit and Loss Account

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

3

Detailed Profit and Loss Account

5 to 6

 

Elation Homes Limited

Company Information

Directors

Mrs Zoe Georgina Wyles

Mr Steven Paul Wyles

Registered office

Unit 10 Phoenix Park
Stephenson Industrial Estate
Telford Way
Coalville
Leicestershire
LE67 3HB

Accountants

Evolve Accountants and Business Advisors Limited
Unit 10 Phoenix Park
Stephenson Industrial Estate
Telford Way
Coalville
Leicestershire
LE67 3HB

 

Elation Homes Limited

Profit and Loss Account for the Year Ended 28 February 2023

2023
£

2022
£

Turnover

25,436

24,940

Other charges

(21,362)

(23,980)

Profit before tax

4,074

960

Tax on profit

(101)

-

Profit for the year

3,973

960

 

Elation Homes Limited

(Registration number: 09716201)
Balance Sheet as at 28 February 2023

2023
£

2022
£

Fixed assets

502,056

502,056

Current assets

4,019

265

Prepayments and accrued income

321

407

Creditors: Amounts falling due within one year

(54,403)

(46,102)

Net current liabilities

(50,063)

(45,430)

Total assets less current liabilities

451,993

456,626

Creditors: Amounts falling due after more than one year

(450,422)

(459,082)

Accruals and deferred income

(672)

(618)

 

899

(3,074)

Capital and reserves

899

(3,074)

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 10 Phoenix Park
Stephenson Industrial Estate
Telford Way
Coalville
Leicestershire
LE67 3HB
England

These financial statements were authorised for issue by the Board on 21 November 2023.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

 

Elation Homes Limited

(Registration number: 09716201)
Balance Sheet as at 28 February 2023

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 21 November 2023 and signed on its behalf by:
 

.........................................
Mrs Zoe Georgina Wyles
Director

 

Elation Homes Limited

Detailed Profit and Loss Account for the Year Ended 28 February 2023

2023
£

2022
£

Turnover (analysed below)

25,436

24,940

Gross profit (%)

100%

100%

Administrative expenses

Establishment costs (analysed below)

(3,716)

(8,178)

General administrative expenses (analysed below)

(3,070)

(2,805)

Finance charges (analysed below)

(26)

(325)

(6,812)

(11,308)

Operating profit

18,624

13,632

Interest payable and similar expenses (analysed below)

(14,550)

(12,672)

Profit before tax

4,074

960

 

Elation Homes Limited

Detailed Profit and Loss Account for the Year Ended 28 February 2023

2023
£

2022
£

   

Turnover

Rental income from investment property

25,436

24,940

   

Establishment costs

Rates

-

(101)

Water rates

-

(12)

Light, heat and power

-

(32)

Insurance

(673)

(673)

Repairs and maintenance

(3,043)

(7,360)

(3,716)

(8,178)

   

General administrative expenses

Sundry expenses

(13)

(13)

Letting agent fees

(2,367)

(2,156)

Accountancy fees

(690)

(636)

(3,070)

(2,805)

   

Finance charges

Bank charges

(26)

(325)

   

Interest payable and similar expenses

Bank loan interest payable

(14,550)

(12,672)