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Company Registration No. 12057208 (England and Wales)
ELEGANT PROPERTY LTD Unaudited accounts for the year ended 30 June 2024
ELEGANT PROPERTY LTD Unaudited accounts Contents
Page
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ELEGANT PROPERTY LTD Company Information for the year ended 30 June 2024
Director
Salma Shaheen Azad
Company Number
12057208 (England and Wales)
Registered Office
101 Salisbury Road Smethwick England B66 3RX
Accountants
Genius Accountancy Ltd 27 Old Gloucester Street London WC1N 3AX
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ELEGANT PROPERTY LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
372,068 
289,000 
Current assets
Cash at bank and in hand
18,435 
21,281 
Creditors: amounts falling due within one year
(93,397)
(87,906)
Net current liabilities
(74,962)
(66,625)
Total assets less current liabilities
297,106 
222,375 
Creditors: amounts falling due after more than one year
(270,195)
(195,420)
Provisions for liabilities
Deferred tax
(3,535)
(3,535)
Net assets
23,376 
23,420 
Capital and reserves
Called up share capital
1 
1 
Fair value reserve
15,069 
15,069 
Profit and loss account
8,306 
8,350 
Shareholders' funds
23,376 
23,420 
For the year ending 30 June 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 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 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 and authorised for issue on 3 March 2025 and were signed on its behalf by
Salma Shaheen Azad Director Company Registration No. 12057208
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ELEGANT PROPERTY LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
ELEGANT PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 12057208. The registered office is 101 Salisbury Road, Smethwick, England, B66 3RX.
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.
Average number of employees
Average number of employees also include directors
4
Investment property
2024 
£ 
Fair value at 1 July 2023
289,000 
Additions
83,068 
At 30 June 2024
372,068 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
1,826 
Other creditors
1,000 
1,000 
Loans from directors
92,397 
85,080 
93,397 
87,906 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
270,195 
195,315 
Taxes and social security
- 
105 
270,195 
195,420 
7
Average number of employees
During the year the average number of employees was 0 (2023: 1).
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