Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-2812022-03-01falsea1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09456737 2022-03-01 2023-02-28 09456737 2021-03-01 2022-02-28 09456737 2023-02-28 09456737 2022-02-28 09456737 c:Director1 2022-03-01 2023-02-28 09456737 d:OfficeEquipment 2022-03-01 2023-02-28 09456737 d:OfficeEquipment 2023-02-28 09456737 d:OfficeEquipment 2022-02-28 09456737 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 09456737 d:CurrentFinancialInstruments 2023-02-28 09456737 d:CurrentFinancialInstruments 2022-02-28 09456737 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09456737 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 09456737 d:ShareCapital 2023-02-28 09456737 d:ShareCapital 2022-02-28 09456737 d:RetainedEarningsAccumulatedLosses 2023-02-28 09456737 d:RetainedEarningsAccumulatedLosses 2022-02-28 09456737 c:OrdinaryShareClass1 2022-03-01 2023-02-28 09456737 c:OrdinaryShareClass1 2023-02-28 09456737 c:FRS102 2022-03-01 2023-02-28 09456737 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 09456737 c:FullAccounts 2022-03-01 2023-02-28 09456737 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09456737














ELI CAPITAL GROUP LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

 
ELI CAPITAL GROUP LIMITED
 

CONTENTS



Page
Statement of financial position
 
1
Notes to the financial statements
 
2 - 5


 
ELI CAPITAL GROUP LIMITED
REGISTERED NUMBER:09456737

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
681
786

Current assets
  

Debtors: amounts falling due within one year
 5 
21
1,981

Cash at bank and in hand
  
6,523
19,583

  
6,544
21,564

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(106,186)
(105,593)

Net current liabilities
  
 
 
(99,642)
 
 
(84,029)

  

Net liabilities
  
(98,961)
(83,243)


Capital and reserves
  

Called up share capital 
 7 
1,000
1,000

Profit and loss account
  
(99,961)
(84,243)

  
(98,961)
(83,243)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 November 2023.




N Klugman
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ELI CAPITAL GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Eli Capital Group Limited is a private limited liability company registered in England & Wales. Its registered office and business address is 11 Albermarle Street, London, W1S 4HH.
The principal activity of the company is that of providing financial advice.
The company's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the reporting date the company had net current liabilities and net liabilities. The director has confirmed that he will provide financial support to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved.

 
2.3

Turnover

Turnover is measured at the fair value of amounts receivable in respect of financial advice provided in the year, net of discounts and excluding value added tax. The company recognises revenue from the financial advice delivered to the clients. Revenue is recognised when the services are provided.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Office equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

Page 2

 
ELI CAPITAL GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as other debtors, trade creditors, other creditors, cash at bank and in hand and loans from related parties.
Other debtors are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of other debtors.
Cash at bank and in hand comprises cash balances and call deposits.

 
2.6

Foreign currency translation

The company's functional and presentational currency is £ sterling.
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. 
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.

 
2.7

Taxation

Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
1) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
2) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 3

 
ELI CAPITAL GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 March 2022
4,387


Additions
199



At 28 February 2023

4,586



Depreciation


At 1 March 2022
3,602


Charge for the year on owned assets
303



At 28 February 2023

3,905



Net book value



At 28 February 2023
681



At 28 February 2022
785

Page 4

 
ELI CAPITAL GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022
£
£


Other debtors
21
1,281

Prepayments and accrued income
-
700

21
1,981



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,716
3,672

Taxation and social security
493
1,006

Other creditors
83,606
87,673

Accruals and deferred income
18,371
13,242

106,186
105,593



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 Ordinary shares of £1 each
1,000
1,000


 
Page 5