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REGISTERED NUMBER: 06298065 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 June 2023

for

Elite Finance Group Limited

Elite Finance Group Limited (Registered number: 06298065)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Elite Finance Group Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: J. C. Owen
G. M. Timmins





REGISTERED OFFICE: Elite House
Spellowgate
Driffield
East Yorkshire
YO25 5UP





REGISTERED NUMBER: 06298065 (England and Wales)





ACCOUNTANTS: ESR Professionals Limted
Suite B
The Hall
Lairgate
Beverley
East Yorkshire
HU17 8HL

Elite Finance Group Limited (Registered number: 06298065)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 608,521 608,521

CURRENT ASSETS
Debtors 5 494 494
Cash at bank - 94
494 588
CREDITORS
Amounts falling due within one year 6 371,305 371,281
NET CURRENT LIABILITIES (370,811 ) (370,693 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,710

237,828

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 400,000 400,000
Retained earnings (162,390 ) (162,272 )
SHAREHOLDERS' FUNDS 237,710 237,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 11 March 2024 and were signed on its behalf by:




J. C. Owen - Director



G. M. Timmins - Director


Elite Finance Group Limited (Registered number: 06298065)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Elite Finance Group 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.

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 NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 608,521
NET BOOK VALUE
At 30 June 2023 608,521
At 30 June 2022 608,521

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 494 494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other creditors 370,805 370,781
Accrued expenses 500 500
371,305 371,281

7. RELATED PARTY DISCLOSURES

Elite Finance Group Limited has a loan from Catfoss Finance Limited, its wholly owned subsidiary. At the year end the balance due to Catfoss Finance Limited was £370,805 (2022 £370,781). During this and the previous year Catfoss Finance Limited waived interest on the loan.