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Company Registration No. 13370593 (England and Wales)
Elevate Property Partners Ltd Unaudited accounts for the year ended 31 May 2024
Elevate Property Partners Ltd Unaudited accounts Contents
Page
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Elevate Property Partners Ltd Company Information for the year ended 31 May 2024
Directors
I Kikabi A Modha
Company Number
13370593 (England and Wales)
Registered Office
Suite 2018, Fleet House Springfield Road Northfleet Gravesend DA11 8HJ England
Accountants
O'Meara Fitzmaurice & Co Brimstage Hall Brimstage Road Wirral CH63 6JA
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Elevate Property Partners Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
562,705 
524,901 
Current assets
Cash at bank and in hand
487 
77,863 
Creditors: amounts falling due within one year
(264,454)
(307,041)
Net current liabilities
(263,967)
(229,178)
Total assets less current liabilities
298,738 
295,723 
Creditors: amounts falling due after more than one year
(306,079)
(331,030)
Net liabilities
(7,341)
(35,307)
Capital and reserves
Called up share capital
200 
200 
Revaluation reserve
121,085 
83,281 
Profit and loss account
(128,626)
(118,788)
Shareholders' funds
(7,341)
(35,307)
For the year ending 31 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 6 February 2025 and were signed on its behalf by
I Kikabi Director Company Registration No. 13370593
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Elevate Property Partners Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Elevate Property Partners Ltd is a private company, limited by shares, registered in England and Wales, registration number 13370593. The registered office is Suite 2018, Fleet House, Springfield Road, Northfleet, Gravesend, DA11 8HJ, 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.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
524,901 
Net gain from fair value adjustments
37,804 
At 31 May 2024
562,705 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
- 
73,000 
Loans from directors
262,774 
234,041 
Accruals
1,680 
- 
264,454 
307,041 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
306,079 
331,030 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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