1 April 2022 false No description of principal activity Taxfiler 2023.11 09409327business:PrivateLimitedCompanyLtd2022-04-012023-03-31 094093272022-03-31 094093272022-04-012023-03-31 09409327business:AuditExemptWithAccountantsReport2022-04-012023-03-31 09409327business:FilletedAccounts2022-04-012023-03-31 094093272023-03-31 094093272022-03-31 09409327core:WithinOneYear2023-03-31 09409327core:WithinOneYear2022-03-31 09409327core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 09409327core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 09409327core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 09409327core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 09409327core:PreviouslyStatedAmount2023-03-31 09409327core:PreviouslyStatedAmount2022-03-31 09409327business:SmallEntities2022-04-012023-03-31 09409327business:Director12022-04-012023-03-31 09409327countries:EnglandWales2022-04-012023-03-31 09409327business:RegisteredOffice2022-04-012023-03-31 09409327core:AdditionsToInvestments2023-03-31 09409327core:DisposalsRepaymentsInvestments2023-03-31 094093272021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 09409327 (England and Wales)
ELGIN CAPITAL PARTNERS LIMITED Unaudited accounts for the year ended 31 March 2023
ELGIN CAPITAL PARTNERS LIMITED Unaudited accounts Contents
Page
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ELGIN CAPITAL PARTNERS LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
- 
20,000 
Current assets
Debtors
39,876 
48,320 
Cash at bank and in hand
22,266 
53,331 
62,142 
101,651 
Creditors: amounts falling due within one year
(3,820)
(3,820)
Net current assets
58,322 
97,831 
Net assets
58,322 
117,831 
Capital and reserves
Called up share capital
187,003 
187,003 
Profit and loss account
(128,681)
(69,172)
Shareholders' funds
58,322 
117,831 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by
Shariffa Mubarak Director Company Registration No. 09409327
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ELGIN CAPITAL PARTNERS LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
ELGIN CAPITAL PARTNERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09409327. The registered office is 27 Leyburn Gardens, Croydon, Surrey, CR0 5NL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
4
Investment property
2023 
£ 
Additions
472,120 
Disposals
(490,000)
Transfers from tangible fixed assets
17,880 
At 31 March 2023
- 
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ELGIN CAPITAL PARTNERS LIMITED Notes to the Accounts for the year ended 31 March 2023
5
Investments
Other investments 
£ 
Valuation at 1 April 2022
20,000 
Additions
74,500 
Disposals
(94,500)
Valuation at 31 March 2023
- 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
39,876 
48,320 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Accruals
3,820 
3,820 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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