1 November 2022 false No description of principal activity Taxfiler 2024.5 true 10418008business:PrivateLimitedCompanyLtd2022-11-012023-10-31 104180082022-10-31 104180082022-11-012023-10-31 10418008business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 10418008business:FilletedAccounts2022-11-012023-10-31 104180082023-10-31 10418008business:Director12022-11-012023-10-31 10418008business:RegisteredOffice2022-11-012023-10-31 104180082022-10-31 10418008core:WithinOneYear2023-10-31 10418008core:WithinOneYear2022-10-31 10418008core:AfterOneYear2023-10-31 10418008core:AfterOneYear2022-10-31 10418008core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 10418008core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 10418008core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 10418008core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 10418008core:PreviouslyStatedAmount2023-10-31 10418008core:PreviouslyStatedAmount2022-10-31 10418008business:SmallEntities2022-11-012023-10-31 10418008countries:EnglandWales2022-11-012023-10-31 104180082021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 10418008 (England and Wales)
ELEXACOM PROPERTY LTD Unaudited accounts for the year ended 31 October 2023
ELEXACOM PROPERTY LTD Unaudited accounts Contents
Page
- 2 -
ELEXACOM PROPERTY LTD Company Information for the year ended 31 October 2023
Director
Rini Laskar
Company Number
10418008 (England and Wales)
Registered Office
139, 85 ROYAL MINT STREET LONDON E1 8AS
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
- 3 -
ELEXACOM PROPERTY LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
362,500 
362,500 
Current assets
Cash at bank and in hand
1,126 
2,149 
Creditors: amounts falling due within one year
(159,942)
(150,899)
Net current liabilities
(158,816)
(148,750)
Total assets less current liabilities
203,684 
213,750 
Creditors: amounts falling due after more than one year
(267,785)
(266,481)
Net liabilities
(64,101)
(52,731)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(64,201)
(52,831)
Shareholders' funds
(64,101)
(52,731)
For the year ending 31 October 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 director acknowledges her 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 and authorised for issue on 29 July 2024 and were signed on its behalf by
Rini Laskar Director Company Registration No. 10418008
- 4 -
ELEXACOM PROPERTY LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
ELEXACOM PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 10418008. The registered office is 139, 85 ROYAL MINT STREET, LONDON, E1 8AS.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned from property rental and is recognised when receivable from the tenant.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Going concern
At the period end the company has total net liabilities of £52,731 (2021 - £52,431). The company has received a loan from the director which remains unpaid. The director will not seek repayment of the loan until the company's other debts have been met. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.
4
Investment property
2023 
£ 
Fair value at 1 November 2022
362,500 
At 31 October 2023
362,500 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
940 
1,582 
Loans from directors
158,643 
147,958 
Accruals
359 
1,359 
159,942 
150,899 
- 5 -
ELEXACOM PROPERTY LTD Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
267,785 
266,481 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -