Company Registration No. NI689589 (Northern Ireland)
Elite Populi Limited
Unaudited accounts
for the period from 8 July 2022 to 31 July 2023
Elite Populi Limited
Unaudited accounts
Contents
Elite Populi Limited
Company Information
for the period from 8 July 2022 to 31 July 2023
Directors
Philip McMichael
Ciara McMichael
Company Number
NI689589 (Northern Ireland)
Registered Office
Unit 4A, Channel Wharf
21 Old Channel Road
Belfast
Antrim
BT39DE
United Kingdom
Accountants
Gray + Press Accountants Limited
Unit 4A Channel Wharf
21 Old Channel Road
Belfast
BT3 9DE
Elite Populi Limited
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
229,490
Creditors: amounts falling due within one year
(6,047,696)
Net current liabilities
(5,818,058)
Profit and loss account
121,483
Shareholders' funds
121,484
For the period ending 31 July 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by
Philip McMichael
Director
Company Registration No. NI689589
Elite Populi Limited
Notes to the Accounts
for the period from 8 July 2022 to 31 July 2023
Elite Populi Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI689589. The registered office is Unit 4A, Channel Wharf, 21 Old Channel Road, Belfast, Antrim, BT39DE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investments
Other investments
Valuation at 8 July 2022
-
Fair value adjustments
120,512
Valuation at 31 July 2023
5,939,542
Investments are measured at fair value.
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Taxes and social security
3,042
Loans from directors
6,036,554
Elite Populi Limited
Notes to the Accounts
for the period from 8 July 2022 to 31 July 2023
7
Average number of employees
During the period the average number of employees was 0.