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REGISTERED NUMBER: SC687273















ELARA SG LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023






ELARA SG LTD (REGISTERED NUMBER: SC687273)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Balance Sheet 1


ELARA SG LTD (REGISTERED NUMBER: SC687273)

BALANCE SHEET
31 JANUARY 2023

2023 2022
£    £    £    £   
FIXED ASSETS 1,051,999 93,106

CURRENT ASSETS 190,817 18,857

CREDITORS
Amounts falling due within one year (1,545,491 ) (117,683 )
NET CURRENT LIABILITIES (1,354,674 ) (98,826 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(302,675

)

(5,720

)

CAPITAL AND RESERVES (302,675 ) (5,720 )

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Elara SG Ltd is a private company, limited by shares, registered in Scotland. The registered office is Caledonia House, Seaward Street, Glasgow, Scotland, G41 1HJ.

The financial statements are presented in Sterling (£).

2. GOING CONCERN

The company has reported a loss and has a net deficit on its balance sheet. The continuation of the company as a going concern is reliant on continued support from its creditors. The director is confident in this continued support and therefore believes it is appropriate to prepare these financial statements on a going concern basis.

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was NIL (2022 - NIL).



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ELARA SG LTD (REGISTERED NUMBER: SC687273)

BALANCE SHEET - continued
31 JANUARY 2023


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

The financial statements were approved by the director and authorised for issue on 19 April 2024 and were signed by:





S Rehman - Director