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Registered Number: 11543266
England and Wales

 

 

 

ELEMENT REAL ESTATE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 September 2024

End date: 31 January 2025
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3   344 
Investments 4   692,077 
  692,421 
Current assets      
Stocks   6,218 
Debtors 181,720    379,318 
Cash at bank and in hand 945,359    21,384 
1,127,079    406,920 
Creditors: amount falling due within one year (45,486)   (54,038)
Net current assets 1,081,593    352,882 
 
Total assets less current liabilities 1,081,593    1,045,303 
Provisions for liabilities   (32)
Net assets 1,081,593    1,045,271 
 

Capital and reserves
     
Called up share capital 100    100 
Reserves 5  
Profit and loss account 1,081,493    1,045,171 
Shareholders' funds 1,081,593    1,045,271 
 


For the period ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 04 March 2025 and were signed by:


-------------------------------
Thomas Watson
Director
1
General Information
Element Real Estate Limited is a private company, limited by shares, registered in England and Wales, registration number 11543266, registration address SUITE 39 ALBERT BUILDINGS, 49 QUEEN VICTORIA STREET, London, EC4N 4SA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 2 (2024 : 2).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 September 2024 948    948 
Additions  
Disposals (948)   (948)
At 31 January 2025  
Depreciation
At 01 September 2024  
Charge for period  
On disposals  
At 31 January 2025  
Net book values
Closing balance as at 31 January 2025  
Opening balance as at 01 September 2024 344    344 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 September 2024 692,077    692,077 
Additions 349,477    349,477 
Transfer to/from tangible fixed assets  
Disposals (1,041,554)   (1,041,554)
At 31 January 2025  

2