Acorah Software Products - Accounts Production 16.1.300 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 13150024 Mr Jason Stevenson Jason Stevenson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13150024 2024-01-31 13150024 2025-01-31 13150024 2024-02-01 2025-01-31 13150024 frs-core:CurrentFinancialInstruments 2025-01-31 13150024 frs-core:Non-currentFinancialInstruments 2025-01-31 13150024 frs-core:ShareCapital 2025-01-31 13150024 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 13150024 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13150024 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 13150024 frs-bus:SmallEntities 2024-02-01 2025-01-31 13150024 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 13150024 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13150024 1 2024-02-01 2025-01-31 13150024 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 13150024 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-01-31 13150024 frs-bus:Director1 2024-02-01 2025-01-31 13150024 frs-countries:EnglandWales 2024-02-01 2025-01-31 13150024 2023-01-31 13150024 2024-01-31 13150024 2023-02-01 2024-01-31 13150024 frs-core:CurrentFinancialInstruments 2024-01-31 13150024 frs-core:Non-currentFinancialInstruments 2024-01-31 13150024 frs-core:ShareCapital 2024-01-31 13150024 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13150024 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31
Registered number: 13150024
Elephant Estates Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13150024
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 434,845 130,000
434,845 130,000
CURRENT ASSETS
Debtors 5 1,030 247
Cash at bank and in hand 4,005 2,239
5,035 2,486
Creditors: Amounts Falling Due Within One Year 6 (282,514 ) (141,822 )
NET CURRENT ASSETS (LIABILITIES) (277,479 ) (139,336 )
TOTAL ASSETS LESS CURRENT LIABILITIES 157,366 (9,336 )
Creditors: Amounts Falling Due After More Than One Year 7 (164,913 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,109 ) (9,109 )
NET LIABILITIES (16,656 ) (18,445 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 10 38,835 38,835
Profit and Loss Account (55,492 ) (57,281 )
SHAREHOLDERS' FUNDS (16,656) (18,445)
Page 1
Page 2
For the year ending 31 January 2025 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 his 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
Mr Jason Stevenson
Director
24/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Elephant Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13150024 . The registered office is Office 15 Bramley House 2a Bramley Road, Long Eaton, Nottingham, NG10 3SX.
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.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Investment Property
2025
£
Fair Value
As at 1 February 2024 130,000
Additions 304,845
As at 31 January 2025 434,845
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 300 -
Prepayments and accrued income 90 247
Other debtors 640 -
1,030 247
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Director's loan account 282,514 141,822
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 164,913 -
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 164,913 -
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
10. Reserves
Fair Value Reserve
£
As at 1 February 2024 38,835
As at 31 January 2025 38,835
11. Ultimate Controlling Party
The company's ultimate controlling party is Jason Stevenson by virtue of his ownership of 100% of the issued share capital in the company.
Page 4