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REGISTERED NUMBER: 08395956 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ELCHEE UK (2) LIMITED

ELCHEE UK (2) LIMITED (REGISTERED NUMBER: 08395956)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ELCHEE UK (2) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: C Pala





REGISTERED OFFICE: 5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 08395956 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

ELCHEE UK (2) LIMITED (REGISTERED NUMBER: 08395956)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 500,000 500,000

CURRENT ASSETS
Debtors 5 38,284 38,986
Cash at bank and in hand 3,009 514
41,293 39,500
CREDITORS
Amounts falling due within one year 6 127,624 132,910
NET CURRENT LIABILITIES (86,331 ) (93,410 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,669

406,590

CREDITORS
Amounts falling due after more than one
year

7

(302,002

)

(306,729

)

PROVISIONS FOR LIABILITIES (23,570 ) (17,913 )
NET ASSETS 88,097 81,948

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserves 9 70,709 76,366
Retained earnings 17,288 5,482
SHAREHOLDERS' FUNDS 88,097 81,948

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 director acknowledges his 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.

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 director and authorised for issue on 21 January 2025 and were signed by:





C Pala - Director


ELCHEE UK (2) LIMITED (REGISTERED NUMBER: 08395956)

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

1. STATUTORY INFORMATION

Elchee UK (2) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 gross rental income receivable.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 500,000
NET BOOK VALUE
At 31 March 2024 500,000
At 31 March 2023 500,000

ELCHEE UK (2) LIMITED (REGISTERED NUMBER: 08395956)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 35,000
Valuation in 2020 9,279
Valuation in 2021 50,000
Cost 405,721
500,000

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

2024 2023
£    £   
Cost 405,721 405,721

Investment property was valued on an open market basis on 31 March 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 38,284 38,986

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,200 13,200
Taxation and social security 2,521 3,540
Other creditors 111,903 116,170
127,624 132,910

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 302,002 306,729

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 315,202 319,929

The bank loan is secured by way of fixed charge over the investment property.

9. RESERVES
Non
distributable
reserves
£   
At 1 April 2023 76,366
Transfer (5,657 )

At 31 March 2024 70,709

ELCHEE UK (2) LIMITED (REGISTERED NUMBER: 08395956)

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

10. TRANSACTIONS WITH DIRECTORS

The investment property acquired on 26th of October 2015 is held in a trust by a connected party.

11. RELATED PARTY DISCLOSURES

Included within creditors an amount of £58,035 (2023: £43,202) was due to a company in which the director of the company has an interest.