Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2No description of principal activity22023-04-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09237757 2023-04-01 2024-03-31 09237757 2022-04-01 2023-03-31 09237757 2024-03-31 09237757 2023-03-31 09237757 c:Director1 2023-04-01 2024-03-31 09237757 d:CurrentFinancialInstruments 2024-03-31 09237757 d:CurrentFinancialInstruments 2023-03-31 09237757 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09237757 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09237757 d:ShareCapital 2024-03-31 09237757 d:ShareCapital 2023-03-31 09237757 d:RetainedEarningsAccumulatedLosses 2024-03-31 09237757 d:RetainedEarningsAccumulatedLosses 2023-03-31 09237757 c:FRS102 2023-04-01 2024-03-31 09237757 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09237757 c:FullAccounts 2023-04-01 2024-03-31 09237757 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09237757 2 2023-04-01 2024-03-31 09237757 6 2023-04-01 2024-03-31 09237757 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09237757









ELYSIUM PROPERTY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ELYSIUM PROPERTY LTD
REGISTERED NUMBER: 09237757

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
303,624
192,807

  
303,624
192,807

Current assets
  

Debtors: amounts falling due within one year
 5 
-
2,037

Cash at bank and in hand
 6 
3,409
6,767

  
3,409
8,804

Creditors: amounts falling due within one year
 7 
(21,450)
(40,606)

Net current liabilities
  
 
 
(18,041)
 
 
(31,802)

Total assets less current liabilities
  
285,583
161,005

Provisions for liabilities
  

Deferred tax
  
(36,203)
(8,499)

  
 
 
(36,203)
 
 
(8,499)

Net assets
  
249,380
152,506


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
249,280
152,406

  
249,380
152,506


Page 1

 
ELYSIUM PROPERTY LTD
REGISTERED NUMBER: 09237757
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider 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 directors acknowledge their 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 comprehensive income 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 23 September 2024.




N Ost
Director

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

Page 2

 
ELYSIUM PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Elysium Property Limited is a company limited by shares, incorproated in England and Wales.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Interest income

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

Page 3

 
ELYSIUM PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 4

 
ELYSIUM PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
ELYSIUM PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 April 2023
192,807


Revaluations
110,817



At 31 March 2024
303,624





5.


Debtors

2024
2023
£
£


Other debtors
-
2,037

-
2,037



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,409
6,767

3,409
6,767



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
3,241
31,864

Other creditors
16,209
7,109

Accruals and deferred income
2,000
1,633

21,450
40,606


Page 6

 
ELYSIUM PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Related party transactions

At the balance sheet date the company owed £16,209 (2023: £7,109) to the directors of the company.
During the year the company had loans written off totalling £29,450 (2023: £152,596) with companies that had directors in common.

 
Page 7