IRIS Accounts Production v23.3.1.45 08557490 Board of Directors 1.7.22 31.3.23 31.3.23 0 0 true false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085574902022-06-30085574902023-03-31085574902022-07-012023-03-31085574902021-06-30085574902021-07-012022-06-30085574902022-06-3008557490ns10:Originalns15:EnglandWales2022-07-012023-03-3108557490ns14:PoundSterlingns10:Original2022-07-012023-03-3108557490ns10:Originalns10:Director12022-07-012023-03-3108557490ns10:Original2022-07-012023-03-3108557490ns10:Original2023-03-3108557490ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-03-3108557490ns10:Originalns10:SmallEntities2022-07-012023-03-3108557490ns10:Originalns10:AuditExemptWithAccountantsReport2022-07-012023-03-3108557490ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-03-3108557490ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-03-3108557490ns10:Originalns10:FullAccounts2022-07-012023-03-3108557490ns10:Original2021-07-012022-06-3008557490ns10:Originalns10:OrdinaryShareClass22022-07-012023-03-3108557490ns10:OrdinaryShareClass3ns10:Original2022-07-012023-03-3108557490ns10:Originalns10:Director22022-07-012023-03-3108557490ns10:Originalns10:RegisteredOffice2022-07-012023-03-3108557490ns10:Original2022-06-3008557490ns10:Originalns5:CurrentFinancialInstruments2023-03-3108557490ns10:Originalns5:CurrentFinancialInstruments2022-06-3008557490ns5:ShareCapitalns10:Original2023-03-3108557490ns5:ShareCapitalns10:Original2022-06-3008557490ns10:Originalns5:SharePremium2023-03-3108557490ns10:Originalns5:SharePremium2022-06-3008557490ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3108557490ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3008557490ns10:Originalns5:CostValuation2022-06-3008557490ns10:Originalns5:Subsidiary12022-07-012023-03-3108557490ns10:Originalns5:Subsidiary112022-07-012023-03-3108557490ns10:Originalns5:Subsidiary12023-03-3108557490ns10:Originalns5:Subsidiary12022-06-3008557490ns10:Originalns5:Subsidiary12021-07-012022-06-3008557490ns10:Originalns5:Subsidiary22022-07-012023-03-3108557490ns10:Original3ns5:Subsidiary22022-07-012023-03-3108557490ns10:Originalns5:Subsidiary22023-03-3108557490ns10:Originalns5:Subsidiary22022-06-3008557490ns10:Originalns5:Subsidiary22021-07-012022-06-3008557490ns10:Originalns10:OrdinaryShareClass22023-03-3108557490ns10:OrdinaryShareClass3ns10:Original2023-03-3108557490ns10:Original1ns10:Director12022-06-3008557490ns10:Original1ns10:Director12021-06-3008557490ns10:Original1ns10:Director12022-07-012023-03-3108557490ns10:Original1ns10:Director12021-07-012022-06-3008557490ns10:Original1ns10:Director12023-03-3108557490ns10:Original1ns10:Director12022-06-30
REGISTERED NUMBER: 08557490 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST JULY 2022 TO 31ST MARCH 2023

FOR

ELEVATE CORPORATION LTD

ELEVATE CORPORATION LTD (REGISTERED NUMBER: 08557490)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JULY 2022 TO 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

ELEVATE CORPORATION LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST JULY 2022 TO 31ST MARCH 2023







DIRECTORS: D J Butlin
B Liao





REGISTERED OFFICE: 3rd Floor Hanover House
118 Queens Road
Brighton
East Sussex
BN1 3XG





REGISTERED NUMBER: 08557490 (England and Wales)





ACCOUNTANTS: JS&CO LLP
3rd Floor, Hanover House
118 Queens Road
Brighton
East Sussex
BN1 3XG

ELEVATE CORPORATION LTD (REGISTERED NUMBER: 08557490)

BALANCE SHEET
31ST MARCH 2023

31.3.23 30.6.22
Notes £    £   
FIXED ASSETS
Investments 4 51 51

CURRENT ASSETS
Debtors 5 97,490 91,529
Cash at bank 177 7
97,667 91,536
CREDITORS
Amounts falling due within one year 6 (56,108 ) (49,407 )
NET CURRENT ASSETS 41,559 42,129
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,610

42,180

CAPITAL AND RESERVES
Called up share capital 7 111 111
Share premium 50,973 50,973
Retained earnings (9,474 ) (8,904 )
SHAREHOLDERS' FUNDS 41,610 42,180

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 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 4th March 2024 and were signed on its behalf by:





D J Butlin - Director


ELEVATE CORPORATION LTD (REGISTERED NUMBER: 08557490)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JULY 2022 TO 31ST MARCH 2023

1. STATUTORY INFORMATION

Elevate Corporation Ltd 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st July 2022
and 31st March 2023 51
NET BOOK VALUE
At 31st March 2023 51
At 30th June 2022 51

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Eyebrid Blaze Limited
Registered office:
Nature of business: The development of multi-media technology
%
Class of shares: holding
Ordinary 100.00
31.3.23 30.6.22
£    £   
Aggregate capital and reserves (44,700 ) (44,001 )
Loss for the period/year (699 ) (254 )

ELEVATE CORPORATION LTD (REGISTERED NUMBER: 08557490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JULY 2022 TO 31ST MARCH 2023

4. FIXED ASSET INVESTMENTS - continued

EOID Limited
Registered office:
Nature of business: The development of multi-media technology
%
Class of shares: holding
Ordinary 100.00
31.3.23 30.6.22
£    £   
Aggregate capital and reserves (94,188 ) (87,658 )
Loss for the period/year (6,530 ) (12,410 )

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 30.6.22
£    £   
Amounts owed by group undertakings 97,490 91,529

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 30.6.22
£    £   
Trade creditors 360 360
Other creditors 55,748 49,047
56,108 49,407

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 30.6.22
value: £    £   
100 Ordinary A £1 100 100
11 Ordinary B £1 11 11
111 111

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31st March 2023 and the year ended 30th June 2022:

31.3.23 30.6.22
£    £   
D J Butlin
Balance outstanding at start of period (48,688 ) (34,655 )
Amounts advanced 80 840
Amounts repaid (6,780 ) (14,873 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (55,388 ) (48,688 )

ELEVATE CORPORATION LTD (REGISTERED NUMBER: 08557490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JULY 2022 TO 31ST MARCH 2023

9. RELATED PARTY DISCLOSURES

Included within other debtors at the balance sheet date was an amount of £7,373 (2022 - £6,679) owing from Eyebrid Blaze Limited, a subsidiary of the company.

Included within other debtors at the balance sheet date was an amount of £90,117 (2022 - £84,850) owing from EOID Limited, a subsidiary of the company.

10. ULTIMATE CONTROLLING PARTY

The controlling party is D J Butlin.

11. GOING CONCERN

The director has received assurances that the company's creditors will not seek repayment of the amounts due for the foreseeable future. It has therefore been deemed appropriate to prepare the accounts on the going concern basis.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ELEVATE CORPORATION LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Elevate Corporation Ltd for the period ended 31st March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Elevate Corporation Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Elevate Corporation Ltd and state those matters that we have agreed to state to the Board of Directors of Elevate Corporation Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Elevate Corporation Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Elevate Corporation Ltd. You consider that Elevate Corporation Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Elevate Corporation Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JS&CO LLP
3rd Floor, Hanover House
118 Queens Road
Brighton
East Sussex
BN1 3XG


13th March 2024