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REGISTERED NUMBER: 00766375 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Elva Investments Limited

Elva Investments Limited (Registered number: 00766375)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elva Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: V J Schon-Bolesta
S Bolesta





SECRETARY: S Bolesta





REGISTERED OFFICE: 3 Athenaeum Road
London
N20 9AA





REGISTERED NUMBER: 00766375 (England and Wales)





ACCOUNTANTS: GPMA
3 Athenaeum Road
London
N20 9AA

Elva Investments Limited (Registered number: 00766375)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 738,562 692,700
Investment property 5 400,000 400,000
1,138,562 1,092,700

CURRENT ASSETS
Debtors 6 1,550 1,550
Cash at bank 15,790 17,939
17,340 19,489
CREDITORS
Amounts falling due within one year 7 326,425 331,528
NET CURRENT LIABILITIES (309,085 ) (312,039 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

829,477

780,661

PROVISIONS FOR LIABILITIES 65,219 43,606
NET ASSETS 764,258 737,055

CAPITAL AND RESERVES
Called up share capital 2 2
Other reserves 195,655 185,897
Retained earnings 568,601 551,156
SHAREHOLDERS' FUNDS 764,258 737,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Elva Investments Limited (Registered number: 00766375)

Balance Sheet - continued
31 December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





V J Schon-Bolesta - Director


Elva Investments Limited (Registered number: 00766375)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Elva Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable, excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Elva Investments Limited (Registered number: 00766375)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 692,700
Additions 14,491
Revaluations 31,371
At 31 December 2023 738,562
NET BOOK VALUE
At 31 December 2023 738,562
At 31 December 2022 692,700

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2021 21,201
Valuation in 2022 (18,585 )
Valuation in 2023 31,371
Cost 704,575
738,562

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 400,000
NET BOOK VALUE
At 31 December 2023 400,000
At 31 December 2022 400,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2008 76,886
Valuation in 2018 150,000
Cost 173,114
400,000

Investment property was valued on an open market basis on 31 December 2023 by the company directors .

Elva Investments Limited (Registered number: 00766375)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 150 150
Other debtors 1,400 1,400
1,550 1,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 1,162 1,226
Other creditors 325,263 330,302
326,425 331,528

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs V Schon-Bolesta and Mr S Bolesta.