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
ELEXACOM PROPERTY LTD
Company Information
for the year ended 31 October 2023
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
ELEXACOM PROPERTY LTD
Statement of financial position
as at 31 October 2023
Investment property
362,500
362,500
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)
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
ELEXACOM PROPERTY LTD
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
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.
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 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.
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.
Fair value at 1 November 2022
362,500
At 31 October 2023
362,500
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
158,643
147,958
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).