Caseware UK (AP4) 2024.0.164 2024.0.164 2024-02-292024-02-29false2023-03-01a11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09456737 2023-03-01 2024-02-29 09456737 2022-03-01 2023-02-28 09456737 2024-02-29 09456737 2023-02-28 09456737 c:Director1 2023-03-01 2024-02-29 09456737 d:OfficeEquipment 2023-03-01 2024-02-29 09456737 d:OfficeEquipment 2024-02-29 09456737 d:OfficeEquipment 2023-02-28 09456737 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09456737 d:CurrentFinancialInstruments 2024-02-29 09456737 d:CurrentFinancialInstruments 2023-02-28 09456737 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 09456737 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09456737 d:ShareCapital 2024-02-29 09456737 d:ShareCapital 2023-02-28 09456737 d:RetainedEarningsAccumulatedLosses 2024-02-29 09456737 d:RetainedEarningsAccumulatedLosses 2023-02-28 09456737 c:OrdinaryShareClass1 2023-03-01 2024-02-29 09456737 c:OrdinaryShareClass1 2024-02-29 09456737 c:FRS102 2023-03-01 2024-02-29 09456737 c:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 09456737 c:FullAccounts 2023-03-01 2024-02-29 09456737 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09456737 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09456737














ELI CAPITAL GROUP LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

 
ELI CAPITAL GROUP LIMITED
 

CONTENTS



Page
Accountants' report
 
1
Statement of financial position
 
2 - 3
Notes to the financial statements
 
4 - 7


 
ELI CAPITAL GROUP LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ELI CAPITAL GROUP LIMITED
FOR THE YEAR ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eli Capital Group Limited for the year ended 29 February 2024 which comprise the Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm 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 https://www.icaew.com /regulation.

This report is made solely to the director of Eli Capital Group Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Eli Capital Group Limited and state those matters that we have agreed to state to the director of Eli Capital Group Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eli Capital Group Limited and its director for our work or for this report. 

It is your duty to ensure that Eli Capital Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eli Capital Group Limited. You consider that Eli Capital Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Eli Capital Group Limited. 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 statutory financial statements.

  



Sopher + Co LLP
 
Chartered Accountants
  
5 Elstree Gate
Elstree Way
Borehamwood
Hertfordshire
WD6 1JD
24 February 2025
Page 1

 
ELI CAPITAL GROUP LIMITED
REGISTERED NUMBER:09456737

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
370
681

Current assets
  

Debtors: amounts falling due within one year
 5 
4,321
21

Cash at bank and in hand
  
96
6,523

  
4,417
6,544

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(76,429)
(106,186)

Net current liabilities
  
 
 
(72,012)
 
 
(99,642)

  

Net liabilities
  
(71,642)
(98,961)


Capital and reserves
  

Called up share capital 
 7 
1,000
1,000

Profit and loss account
  
(72,642)
(99,961)

  
(71,642)
(98,961)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 February 2025.




N Klugman
Director

The notes on pages 4 to 7 form part of these financial statements.
Page 2

 
ELI CAPITAL GROUP LIMITED
REGISTERED NUMBER:09456737
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024


Page 3

 
ELI CAPITAL GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Eli Capital Group Limited is a private limited liability company registered in England & Wales. Its registered office and business address is 11 Albermarle Street, London, W1S 4HH.
The principal activity of the company is that of providing financial advice.
The company's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the reporting date the company had net current liabilities and net liabilities. The director has confirmed that he will provide financial support to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved.

 
2.3

Turnover

Turnover is measured at the fair value of amounts receivable in respect of financial advice provided in the year, net of discounts and excluding value added tax. The company recognises revenue from the financial advice delivered to the clients. Revenue is recognised when the services are provided.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 4

 
ELI CAPITAL GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Office equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.5

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as other debtors, trade creditors, other creditors, cash at bank and in hand and loans from related parties.
Other debtors are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of other debtors.
Cash at bank and in hand comprises cash balances and call deposits.

 
2.6

Foreign currency translation

The company's functional and presentational currency is £ sterling.
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. 
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.

Page 5

 
ELI CAPITAL GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
1) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
2) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets







Office equipment

£



Cost


At 1 March 2023
4,586



At 29 February 2024

4,586



Depreciation


At 1 March 2023
3,905


Charge for the year on owned assets
311



At 29 February 2024

4,216



Net book value



At 29 February 2024
370



At 28 February 2023
681

Page 6

 
ELI CAPITAL GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

2024
2023
£
£


Other debtors
29
21

Prepayments and accrued income
4,292
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,601
3,716

Taxation and social security
972
493

Other creditors
64,983
83,606

Accruals and deferred income
3,873
18,371

76,429
106,186



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 Ordinary shares of £1 each
1,000
1,000


 
Page 7