Elements Property (London) Ltd |
Registered number: |
13725403 |
Balance Sheet |
as at 31 March 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
8,876 |
|
|
11,095 |
Investments |
4 |
|
|
447,500 |
|
|
447,500 |
|
|
|
|
456,376 |
|
|
458,595 |
|
Current assets |
Cash at bank and in hand |
|
|
2,053 |
|
|
7,200 |
|
Creditors: amounts falling due within one year |
5 |
|
(17,694) |
|
|
(17,174) |
|
Net current liabilities |
|
|
|
(15,641) |
|
|
(9,974) |
|
Total assets less current liabilities |
|
|
|
440,735 |
|
|
448,621 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(448,689) |
|
|
(452,022) |
|
|
|
Net liabilities |
|
|
|
(7,954) |
|
|
(3,401) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
2 |
|
|
2 |
Profit and loss account |
|
|
|
(7,956) |
|
|
(3,403) |
|
Shareholders' funds |
|
|
|
(7,954) |
|
|
(3,401) |
|
|
|
|
|
|
|
|
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. |
|
|
|
|
Clare Occomore |
Director |
Approved by the board on 23 November 2023 |
|
Elements Property (London) Ltd |
Notes to the Accounts |
for the period from 1 December 2022 to 31 March 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 in respect of rental income |
|
|
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: |
|
|
Plant and machinery |
over 5 years |
|
|
Investments |
|
Investments relate to a residential property held for rental |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 December 2022 |
11,095 |
|
At 31 March 2023 |
11,095 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the period |
2,219 |
|
At 31 March 2023 |
2,219 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2023 |
8,876 |
|
At 30 November 2022 |
11,095 |
|
|
4 |
Investments |
|
Other |
investments |
£ |
|
Cost |
|
At 1 December 2022 |
447,500 |
|
|
At 31 March 2023 |
447,500 |
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Mortgage |
|
12,000 |
|
12,000 |
|
Other creditors |
5,694 |
|
5,174 |
|
|
|
|
|
|
17,694 |
|
17,174 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Trade creditors |
298,689 |
|
302,022 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
150,000 |
|
150,000 |
|
|
|
|
|
|
448,689 |
|
452,022 |
|
|
|
|
|
|
|
|
|
|
7 |
Other information |
|
|
Elements Property (London) Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
39 Rowtown |
|
Addlestone |
|
Surrey, |
|
United Kingdom, KT15 1EJ |
|
|
8 |
Going concern |
|
|
The accounts are prepared on the going concern basis which assumes the continued support of the assocated company ( see note 6 ) |