Elite Development and Letting Limited 07331483 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is the management of let properties. Digita Accounts Production Advanced 6.30.9574.0 true true 07331483 2022-08-01 2023-07-31 07331483 2023-07-31 07331483 core:RetainedEarningsAccumulatedLosses 2023-07-31 07331483 core:ShareCapital 2023-07-31 07331483 core:CurrentFinancialInstruments 2023-07-31 07331483 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 07331483 core:MotorVehicles 2023-07-31 07331483 core:OfficeEquipment 2023-07-31 07331483 core:PlantMachinery 2023-07-31 07331483 bus:SmallEntities 2022-08-01 2023-07-31 07331483 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 07331483 bus:FullAccounts 2022-08-01 2023-07-31 07331483 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 07331483 bus:RegisteredOffice 2022-08-01 2023-07-31 07331483 bus:CompanySecretaryDirector2 2022-08-01 2023-07-31 07331483 bus:Director1 2022-08-01 2023-07-31 07331483 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07331483 core:MotorVehicles 2022-08-01 2023-07-31 07331483 core:OfficeEquipment 2022-08-01 2023-07-31 07331483 core:PlantMachinery 2022-08-01 2023-07-31 07331483 countries:EnglandWales 2022-08-01 2023-07-31 07331483 2022-07-31 07331483 core:MotorVehicles 2022-07-31 07331483 core:OfficeEquipment 2022-07-31 07331483 core:PlantMachinery 2022-07-31 07331483 2021-08-01 2022-07-31 07331483 2022-07-31 07331483 core:RetainedEarningsAccumulatedLosses 2022-07-31 07331483 core:ShareCapital 2022-07-31 07331483 core:CurrentFinancialInstruments 2022-07-31 07331483 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 07331483 core:MotorVehicles 2022-07-31 07331483 core:OfficeEquipment 2022-07-31 07331483 core:PlantMachinery 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 07331483

Elite Development and Letting Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Elite Development and Letting Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Elite Development and Letting Limited

Company Information

Directors

D M Lloyd

T Lloyd

Company secretary

T Lloyd

Registered office

Maes Y Llwyfen
Heol-Y-Mynach Ynysybwl
Pontypridd
CF37 3PE

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
North Somerset
BS22 8NG

 

Elite Development and Letting Limited

(Registration number: 07331483)
Balance Sheet
31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,814

4,487

Current assets

 

Debtors

5

538

299

Cash at bank and in hand

 

3,549

4,066

 

4,087

4,365

Creditors: Amounts falling due within one year

6

(23,796)

(25,214)

Net current liabilities

 

(19,709)

(20,849)

Net liabilities

 

(15,895)

(16,362)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(15,896)

(16,363)

Shareholders' deficit

 

(15,895)

(16,362)

 

Elite Development and Letting Limited

(Registration number: 07331483)
Balance Sheet
31 July 2023

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 13 March 2024 and signed on its behalf by:
 

.........................................
T Lloyd
Company secretary and director

 

Elite Development and Letting Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2023

1

General information

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

The address of its registered office is:
Maes Y Llwyfen
Heol-Y-Mynach Ynysybwl
Pontypridd
CF37 3PE

These financial statements were authorised for issue by the Board on 13 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The net liabilities at the balance sheet date amounted to £15,895 (2022 £16,362). The company has the support of the directors and the bank.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Elite Development and Letting Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2023

Tax

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

15% Reducing Balance

Motor Vehicles

15% Reducing Balance

Office Equipment

15% Reducing Balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Elite Development and Letting Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2023

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2022

2,640

762

22,833

26,235

At 31 July 2023

2,640

762

22,833

26,235

Depreciation

At 1 August 2022

2,226

272

19,250

21,748

Charge for the year

62

74

537

673

At 31 July 2023

2,288

346

19,787

22,421

Carrying amount

At 31 July 2023

352

416

3,046

3,814

At 31 July 2022

414

490

3,583

4,487

5

Debtors

2023
£

2022
£

Prepayments

538

299

538

299

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Other creditors

 

23,796

25,214