ELITE PROPERTY MANAGMENT LTD

Company Registration Number:
13414470 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

ELITE PROPERTY MANAGMENT LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

ELITE PROPERTY MANAGMENT LTD

Company Information

for the Period Ended 31 May 2023




Director: Peter Cray
Charlotte Cray
Registered office: Richmond Farm, Unit 9d
Parsloe Road
Epping Green
Epping
Essex
GBR
CM16 6QB
Company Registration Number: 13414470 (England and Wales)

ELITE PROPERTY MANAGMENT LTD

Profit and Loss Account

for the Period Ended 31 May 2023


Notes

2023
£

2022
£
Turnover 0 5,399
Cost of sales ( 5,414 ) ( 5,786 )
Gross Profit or (Loss) ( 5,414 ) ( 387 )
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 1,018 ) ( 2,349 )
Administrative Expenses ( 2,877 ) ( 6,276 )
Other operating income 0 0
Operating Profit or (Loss) ( 9,309 ) ( 9,012 )
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 4,300 ) ( 2,895 )
Profit or (Loss) Before Tax ( 13,609 ) ( 11,907 )
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period ( 13,609 ) ( 11,907 )

The notes form part of these financial statements

ELITE PROPERTY MANAGMENT LTD

Balance sheet

As at 31 May 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 202,746 205,656
Total fixed assets: 202,746 205,656
Current assets
Stocks: 0 0
Debtors: 5 0 0
Cash at bank and in hand: 424
Total current assets: 0 424
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 0 ) ( 0 )
Net current assets (liabilities): 0 424
Total assets less current liabilities: 202,746 206,080
Creditors: amounts falling due after more than one year: 7 ( 231,735 ) ( 233,474 )
Provision for liabilities: ( 0 )
Accruals and deferred income: ( 0 )
Total net assets (liabilities): ( 28,989 ) ( 27,394 )

The notes form part of these financial statements

ELITE PROPERTY MANAGMENT LTD

Balance sheet continued

As at 31 May 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 8 0 0
Profit and loss account: ( 28,990 ) ( 27,395 )
Shareholders funds: ( 28,989 ) ( 27,394 )

For the year ending 31 May 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 22 February 2024
And Signed On Behalf Of The Board By:

Name: Peter Cray
Status: Director

The notes form part of these financial statements

ELITE PROPERTY MANAGMENT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ELITE PROPERTY MANAGMENT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

ELITE PROPERTY MANAGMENT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 3. Off balance sheet disclosure

    No

ELITE PROPERTY MANAGMENT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Tangible assets

Land & buildings Fixtures & fittings Office equipment Total
Cost £ £ £ £
At 01 June 2022 191,109 14,547 - 205,656
Additions - - - -
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 31 May 2023 191,109 14,547 - 205,656
Depreciation
At 01 June 2022 - - - -
Charge for year - - - -
On disposals - - - -
Other adjustments - 2,910 - 2,910
At 31 May 2023 - 2,910 - 2,910
Net book value
At 31 May 2023 191,109 11,637 - 202,746
At 31 May 2022 191,109 14,547 - 205,656

ELITE PROPERTY MANAGMENT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Debtors


2023
£

2022
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 0 0
Debtors due after more than one year: 0 0

ELITE PROPERTY MANAGMENT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 0 0

ELITE PROPERTY MANAGMENT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 136,352 137,281
Other creditors 95,383 96,193
Total 231,735 233,474

ELITE PROPERTY MANAGMENT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

8. Revaluation reserve


2023
£
Balance at 01 June 2022 0
Surplus or deficit after revaluation 0
Balance at 31 May 2023 0