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REGISTERED NUMBER: 10309002 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Elysium Homes Yorkshire Limited

Elysium Homes Yorkshire Limited (Registered number: 10309002)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elysium Homes Yorkshire Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr K M Young
Mrs A J Young





REGISTERED OFFICE: Pickering House
40A York Place
Leeds
LS1 2ED





REGISTERED NUMBER: 10309002 (England and Wales)





ACCOUNTANTS: Aysgarth Chartered Accountants
Pickering House
40A York Place
Leeds
LS1 2ED

Elysium Homes Yorkshire Limited (Registered number: 10309002)

Balance Sheet
28 February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,100 750
Investment property 5 520,000 433,182
522,100 433,932

CURRENT ASSETS
Debtors 6 - 181
Cash at bank 13,014 1,723
13,014 1,904
CREDITORS
Amounts falling due within one year 7 114,001 160,334
NET CURRENT LIABILITIES (100,987 ) (158,430 )
TOTAL ASSETS LESS CURRENT LIABILITIES 421,113 275,502

CREDITORS
Amounts falling due after more than one year 8 (254,015 ) (204,015 )

PROVISIONS FOR LIABILITIES (36,600 ) (11,300 )
NET ASSETS 130,498 60,187

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 109,690 48,172
Retained earnings 10 20,708 11,915
SHAREHOLDERS' FUNDS 130,498 60,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Elysium Homes Yorkshire Limited (Registered number: 10309002)

Balance Sheet - continued
28 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





Mrs A J Young - Director


Elysium Homes Yorkshire Limited (Registered number: 10309002)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Elysium Homes Yorkshire 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

All tangible fixed assets are recorded at cost, being purchase price, less accumulated depreciation.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 2 (2022 - 2 ) .

Elysium Homes Yorkshire Limited (Registered number: 10309002)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2022 1,250
Additions 2,000
At 28 February 2023 3,250
DEPRECIATION
At 1 March 2022 500
Charge for year 650
At 28 February 2023 1,150
NET BOOK VALUE
At 28 February 2023 2,100
At 28 February 2022 750

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 433,182
Revaluations 86,818
At 28 February 2023 520,000
NET BOOK VALUE
At 28 February 2023 520,000
At 28 February 2022 433,182

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2020 59,472
Valuation in 2023 86,818
Cost 373,710
520,000

Elysium Homes Yorkshire Limited (Registered number: 10309002)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

28/2/23 28/2/22
£    £   
Cost 373,710 373,710

Investment property was valued on an open market basis on 28 February 2023 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Other debtors - 181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Taxation and social security 1,281 -
Other creditors 112,720 160,334
114,001 160,334

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans 154,015 154,015
Other creditors 100,000 50,000
254,015 204,015

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 154,015 154,015

9. SECURED DEBTS

The following secured debts are included within creditors:

28/2/23 28/2/22
£    £   
Bank loans 154,015 154,015

Elysium Homes Yorkshire Limited (Registered number: 10309002)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2022 11,915 48,172 60,087
Profit for the year 70,311 70,311
Revaluation arising in year (61,518 ) 61,518 -
At 28 February 2023 20,708 109,690 130,398

11. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £108,394 (2022: £108,394) due to Cathedral Builders (Bradford) Limited, a company that Mr K M Young and Mrs A J Young are also directors.

12. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party.