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REGISTERED NUMBER: 07578326 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ELEMENT 117 LONDON LIMITED

ELEMENT 117 LONDON LIMITED (REGISTERED NUMBER: 07578326)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ELEMENT 117 LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr M Charman
Ms A C Hooson





REGISTERED OFFICE: 1st Floor
105-111 Euston Street
London
NW1 2EW





REGISTERED NUMBER: 07578326 (England and Wales)





ACCOUNTANTS: Anthonisz Neville LLP
1st Floor
105-111 Euston Street
London
NW1 2EW

ELEMENT 117 LONDON LIMITED (REGISTERED NUMBER: 07578326)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,559 2,078
1,559 2,078

CURRENT ASSETS
Debtors 42,235 100,000
Cash at bank 260,715 258,617
302,950 358,617
CREDITORS
Amounts falling due within one year 40,650 44,732
NET CURRENT ASSETS 262,300 313,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,859

315,963

PROVISIONS FOR LIABILITIES 6 296 395
NET ASSETS 263,563 315,568

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 263,562 315,567
SHAREHOLDERS' FUNDS 263,563 315,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

ELEMENT 117 LONDON LIMITED (REGISTERED NUMBER: 07578326)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 November 2024 and were signed on its behalf by:





Mr M Charman - Director


ELEMENT 117 LONDON LIMITED (REGISTERED NUMBER: 07578326)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

ELEMENT 117 LONDON 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor Bike - 25% on reducing balance
Computer equipment - 33% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 155,958
AMORTISATION
At 1 April 2023
and 31 March 2024 155,958
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

ELEMENT 117 LONDON LIMITED (REGISTERED NUMBER: 07578326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 23,968
DEPRECIATION
At 1 April 2023 21,890
Charge for year 519
At 31 March 2024 22,409
NET BOOK VALUE
At 31 March 2024 1,559
At 31 March 2023 2,078

6. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£    £   
Deferred tax 296 395

Deferred
tax
£   
Balance at 1 April 2023 395
Provided during year (99 )
Balance at 31 March 2024 296

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
1 Ordinary £1 1 1

8. RESERVES
Retained
earnings
£   

At 1 April 2023 315,567
Deficit for the year (3,505 )
Dividends (48,500 )
At 31 March 2024 263,562

ELEMENT 117 LONDON LIMITED (REGISTERED NUMBER: 07578326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
Mr M Charman and Ms A C Hooson
Balance outstanding at start of year (26 ) (129 )
Amounts advanced 87,625 56,525
Amounts repaid (87,634 ) (56,422 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (35 ) (26 )