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Company Registration No. 4780574 (England and Wales)
ELITE GLOBAL DEVELOPMENTS LIMITED Unaudited accounts for the year ended 17 May 2024
ELITE GLOBAL DEVELOPMENTS LIMITED Unaudited accounts Contents
Page
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ELITE GLOBAL DEVELOPMENTS LIMITED Company Information for the year ended 17 May 2024
Directors
Dr. Ahmad AL TURKI Dr. Ahmed Mohammed A SAHAB
Secretary
Dr. Ahmad AL TURKI
Company Number
4780574 (England and Wales)
Registered Office
95 NEEDHAM ROAD LIVERPOOL MERSEYSIDE L7 0EF ENGLAND
Accountants
MERSEY ACCOUNTANTS 291-299 KENSINGTON FAIRFIELD LIVERPOOL MERSEYSIDE L7 2RG
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ELITE GLOBAL DEVELOPMENTS LIMITED Statement of financial position as at 17 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
140,000 
140,000 
Current assets
Cash at bank and in hand
1,655 
4,557 
Creditors: amounts falling due within one year
(13,843)
(14,885)
Net current liabilities
(12,188)
(10,328)
Total assets less current liabilities
127,812 
129,672 
Creditors: amounts falling due after more than one year
(744,476)
(744,476)
Net liabilities
(616,664)
(614,804)
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
(74,278)
(74,278)
Profit and loss account
(542,387)
(540,527)
Shareholders' funds
(616,664)
(614,804)
For the year ending 17 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by
Dr. Ahmad AL TURKI Director Company Registration No. 4780574
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ELITE GLOBAL DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 17 May 2024
1
Statutory information
ELITE GLOBAL DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 4780574. The registered office is 95 NEEDHAM ROAD, LIVERPOOL, MERSEYSIDE, L7 0EF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 18 May 2023
140,000 
At 17 May 2024
140,000 
Depreciation
At 17 May 2024
- 
Net book value
At 17 May 2024
140,000 
At 17 May 2023
140,000 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
13,543 
14,535 
Accruals
300 
350 
13,843 
14,885 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
744,476 
744,476 
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ELITE GLOBAL DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 17 May 2024
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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