Elevare Property Group Ltd 13721403 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is 55209, 79120 Digita Accounts Production Advanced 6.30.9574.0 true true 13721403 2022-12-01 2023-11-30 13721403 2023-11-30 13721403 bus:OrdinaryShareClass1 bus:OtherShareType 2023-11-30 13721403 core:RetainedEarningsAccumulatedLosses 2023-11-30 13721403 core:ShareCapital 2023-11-30 13721403 core:CurrentFinancialInstruments 2023-11-30 13721403 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 13721403 core:Non-currentFinancialInstruments 2023-11-30 13721403 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 13721403 core:FurnitureFittingsToolsEquipment 2023-11-30 13721403 bus:SmallEntities 2022-12-01 2023-11-30 13721403 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13721403 bus:FullAccounts 2022-12-01 2023-11-30 13721403 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13721403 bus:RegisteredOffice 2022-12-01 2023-11-30 13721403 bus:Director1 2022-12-01 2023-11-30 13721403 bus:OrdinaryShareClass1 bus:OtherShareType 2022-12-01 2023-11-30 13721403 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13721403 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 13721403 countries:EnglandWales 2022-12-01 2023-11-30 13721403 2022-11-30 13721403 core:FurnitureFittingsToolsEquipment 2022-11-30 13721403 2021-11-03 2022-11-30 13721403 2022-11-30 13721403 bus:OrdinaryShareClass1 bus:OtherShareType 2022-11-30 13721403 core:RetainedEarningsAccumulatedLosses 2022-11-30 13721403 core:ShareCapital 2022-11-30 13721403 core:CurrentFinancialInstruments 2022-11-30 13721403 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 13721403 core:Non-currentFinancialInstruments 2022-11-30 13721403 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 13721403 core:FurnitureFittingsToolsEquipment 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13721403

Elevare Property Group Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Elevare Property Group Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Elevare Property Group Ltd

Company Information

Director

Mr James Caleb William Delve

Registered office

11 Lake Road
Chandlers Ford
Eastleigh
Hampshire
SO53 1EZ

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Elevare Property Group Ltd

(Registration number: 13721403)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

3,255

1,758

Current assets

 

Debtors

6

4,541

1,978

Cash at bank and in hand

 

5,868

3,724

 

10,409

5,702

Creditors: Amounts falling due within one year

7

(21,593)

(11,005)

Net current liabilities

 

(11,184)

(5,303)

Total assets less current liabilities

 

(7,929)

(3,545)

Creditors: Amounts falling due after more than one year

7

-

(3,000)

Net liabilities

 

(7,929)

(6,545)

Capital and reserves

 

Called up share capital

8

1,000

1

Retained earnings

(8,929)

(6,546)

Shareholders' deficit

 

(7,929)

(6,545)

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 22 August 2024
 

.........................................
Mr James Caleb William Delve
Director

 

Elevare Property Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Lake Road
Chandlers Ford
Eastleigh
Hampshire
SO53 1EZ

These financial statements were authorised for issue by the director on 22 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Elevare Property Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

1,281

586

 

Elevare Property Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

2,344

2,344

Disposals

2,777

2,777

At 30 November 2023

5,121

5,121

Depreciation

At 1 December 2022

586

586

Charge for the year

1,280

1,280

At 30 November 2023

1,866

1,866

Carrying amount

At 30 November 2023

3,255

3,255

At 30 November 2022

1,758

1,758

6

Debtors

Current

2023
£

2022
£

Trade debtors

4,270

1,902

Prepayments

271

76

 

4,541

1,978

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

38

-

Accruals and deferred income

165

1,650

Other creditors

21,390

9,355

21,593

11,005

Creditors: amounts falling due after more than one year

 

Elevare Property Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

7

Creditors (continued)

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

-

3,000

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

James C W Delve of £1 each

1,000

1,000

1

1

       

9

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Other borrowings

-

3,000