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REGISTERED NUMBER: 10309002 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Elysium Homes Yorkshire Limited

Elysium Homes Yorkshire Limited (Registered number: 10309002)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elysium Homes Yorkshire Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr K M Young
Mrs A J Young





REGISTERED OFFICE: Suite 3b
Kings House
1 King Street
Leeds
LS1 2HH





REGISTERED NUMBER: 10309002 (England and Wales)





ACCOUNTANTS: Aysgarth Chartered Accountants
Suite 3b
Kings House
1 King Street
Leeds
LS1 2HH

Elysium Homes Yorkshire Limited (Registered number: 10309002)

Balance Sheet
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,450 2,100
Investment property 5 555,000 520,000
556,450 522,100

CURRENT ASSETS
Debtors 6 400 -
Cash at bank 19,992 13,014
20,392 13,014
CREDITORS
Amounts falling due within one year 7 191,160 114,001
NET CURRENT LIABILITIES (170,768 ) (100,987 )
TOTAL ASSETS LESS CURRENT LIABILITIES 385,682 421,113

CREDITORS
Amounts falling due after more than one
year

8

(180,948

)

(254,015

)

PROVISIONS FOR LIABILITIES (45,300 ) (36,600 )
NET ASSETS 159,434 130,498

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 135,990 109,690
Retained earnings 10 23,344 20,708
SHAREHOLDERS' FUNDS 159,434 130,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Elysium Homes Yorkshire Limited (Registered number: 10309002)

Balance Sheet - continued
29 February 2024


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 October 2024 and were signed on its behalf by:





Mrs A J Young - Director


Elysium Homes Yorkshire Limited (Registered number: 10309002)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Elysium Homes Yorkshire 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

All tangible fixed assets are recorded at cost, being purchase price, less accumulated depreciation.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Elysium Homes Yorkshire Limited (Registered number: 10309002)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023
and 29 February 2024 3,250
DEPRECIATION
At 1 March 2023 1,150
Charge for year 650
At 29 February 2024 1,800
NET BOOK VALUE
At 29 February 2024 1,450
At 28 February 2023 2,100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 520,000
Revaluations 35,000
At 29 February 2024 555,000
NET BOOK VALUE
At 29 February 2024 555,000
At 28 February 2023 520,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2020 59,472
Valuation in 2023 86,818
Valuation in 2024 35,000
Cost 373,710
555,000

If investment property had not been revalued it would have been included at the following historical cost:

29/2/24 28/2/23
£    £   
Cost 373,710 373,710

Investment property was valued on an open market basis on 29 February 2024 by the Directors .

Elysium Homes Yorkshire Limited (Registered number: 10309002)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Other debtors 400 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 76,934 -
Taxation and social security 771 1,281
Other creditors 113,455 112,720
191,160 114,001

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans 80,948 154,015
Other creditors 100,000 100,000
180,948 254,015

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 80,948 154,015

9. SECURED DEBTS

The following secured debts are included within creditors:

29/2/24 28/2/23
£    £   
Bank loans 157,882 154,015

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2023 20,708 109,690 130,398
Profit for the year 28,936 28,936
Arising in year (26,300 ) 26,300 -
At 29 February 2024 23,344 135,990 159,334

Elysium Homes Yorkshire Limited (Registered number: 10309002)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £108,394 (2023: £108,394) due to Cathedral Builders (Bradford) Limited, a company that Mr K M Young and Mrs A J Young are also directors.

12. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party.