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Registered number: 13796715
Elaara Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3
Page 1
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Elaara Ltd for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Elaara Ltd for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Elaara Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Elaara Ltd and state those matters that we have agreed to state to the director of Elaara Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elaara Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Elaara Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Elaara Ltd . You consider that Elaara Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Elaara Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
05/02/2025
Carter Blake & Co
Chartered Accountants
85 Great Portland Street
First Floor
London
W1W 7LT
Page 1
Page 2
Balance Sheet
Registered number: 13796715
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 2,007 1,179
Cash at bank and in hand 19,388 2,374
21,395 3,553
Creditors: Amounts Falling Due Within One Year 5 (18,722 ) (7,058 )
NET CURRENT ASSETS (LIABILITIES) 2,673 (3,505 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,673 (3,505 )
NET ASSETS/(LIABILITIES) 2,673 (3,505 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 2,672 (3,506 )
SHAREHOLDERS' FUNDS 2,673 (3,505)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs R Kaneria
Director
05/02/2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Elaara Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13796715 . The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,994 1,166
Other debtors 13 13
2,007 1,179
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,706 63
VAT - 402
Accruals and deferred income 13,795 4,372
Director's loan account 2,221 2,221
18,722 7,058
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3