Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity11falsetruefalse 03955435 2023-04-01 2024-03-31 03955435 2022-04-01 2023-03-31 03955435 2024-03-31 03955435 2023-03-31 03955435 c:Director1 2023-04-01 2024-03-31 03955435 d:MotorVehicles 2023-04-01 2024-03-31 03955435 d:MotorVehicles 2024-03-31 03955435 d:MotorVehicles 2023-03-31 03955435 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03955435 d:OfficeEquipment 2023-04-01 2024-03-31 03955435 d:OfficeEquipment 2024-03-31 03955435 d:OfficeEquipment 2023-03-31 03955435 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03955435 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03955435 d:FreeholdInvestmentProperty 2024-03-31 03955435 d:FreeholdInvestmentProperty 2023-03-31 03955435 d:CurrentFinancialInstruments 2024-03-31 03955435 d:CurrentFinancialInstruments 2023-03-31 03955435 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03955435 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03955435 d:ShareCapital 2024-03-31 03955435 d:ShareCapital 2023-03-31 03955435 d:RetainedEarningsAccumulatedLosses 2024-03-31 03955435 d:RetainedEarningsAccumulatedLosses 2023-03-31 03955435 c:FRS102 2023-04-01 2024-03-31 03955435 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03955435 c:FullAccounts 2023-04-01 2024-03-31 03955435 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03955435 2 2023-04-01 2024-03-31 03955435 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 03955435









ELEVATION PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ELEVATION PROPERTY LIMITED
REGISTERED NUMBER: 03955435

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
511
1,316

Investment property
 5 
500,000
500,000

  
500,511
501,316

Current assets
  

Debtors: amounts falling due within one year
 6 
9,326
2,268

Cash at bank and in hand
  
-
10,187

  
9,326
12,455

Creditors: amounts falling due within one year
 7 
(10,078)
(29,305)

Net current liabilities
  
 
 
(752)
 
 
(16,850)

Total assets less current liabilities
  
499,759
484,466

Provisions for liabilities
  

Deferred tax
  
(4,634)
(3,522)

  
 
 
(4,634)
 
 
(3,522)

Net assets
  
495,125
480,944


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
495,123
480,942

  
495,125
480,944


Page 1

 
ELEVATION PROPERTY LIMITED
REGISTERED NUMBER: 03955435
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 July 2024.




N Jepp
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ELEVATION PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Elevation Property Limited is a private company limited by shares and registered in England and Wales.
The address of its registered office is 124 Finchley Road, London NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ELEVATION PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
33%
straight line
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
ELEVATION PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

2024
2023
£
£

Wages and salaries
-
9,100

-
9,100


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
14,355
2,633
16,988



At 31 March 2024

14,355
2,633
16,988



Depreciation


At 1 April 2023
14,355
1,317
15,672


Charge for the year on owned assets
-
805
805



At 31 March 2024

14,355
2,122
16,477



Net book value



At 31 March 2024
-
511
511



At 31 March 2023
-
1,316
1,316

Page 5

 
ELEVATION PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
500,000



At 31 March 2024
500,000






Page 6

 
ELEVATION PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Other debtors
9,326
2,074

Tax recoverable
-
194

9,326
2,268



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
283
-

Corporation tax
7,295
215

Other taxation and social security
-
76

Other creditors
-
26,514

Accruals and deferred income
2,500
2,500

10,078
29,305


 
Page 7