Registered number
09941555
Elite Mortgage Finance Ltd
Report and Accounts
31 March 2024
Elite Mortgage Finance Ltd
Registered number: 09941555
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 17,949 23,349
Creditors: amounts falling due within one year 3 (9,685) (10,052)
Net current assets 8,264 13,297
Total assets less current liabilities 8,264 13,297
Creditors: amounts falling due after more than one year 4 (3,540) (6,206)
Net assets 4,724 7,091
Capital and reserves
Called up share capital 2 2
Profit and loss account 4,722 7,089
Shareholders' funds 4,724 7,091
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ian Clarke
Director
Approved by the board on 11 April 2024
Elite Mortgage Finance Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,700 2,700
Corporation tax 6,013 6,289
Other taxes and social security costs 152 160
Other creditors 820 903
9,685 10,052
4 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,540 6,206
5 Other information
Elite Mortgage Finance Ltd is a private company limited by shares and incorporated in England. Its registered office is:
134a London Road, Rayleigh, Essex, England, SS6 9BN
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