Registered number
SC702153
ELYSIUM MC2 LTD
9 Glebe Street
Renfrew
Filleted Accounts
for the year ended 30 June 2024
Yousaf & Co. Ltd
Chartered Certified Accountants
Registered Auditors
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref:E077/TM
ELYSIUM MC2 LTD
Registered number: SC702153
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 41,558 41,558
Current assets
Cash at bank and in hand 1,184 6,614
Creditors: amounts falling due within one year 4 (1,020) (509)
Net current assets 164 6,105
Total assets less current liabilities 41,722 47,663
Creditors: amounts falling due after more than one year 5 (49,850) (50,191)
Net assests/(liabilities) (8,128) (2,528)
Capital and reserves
Called up share capital 120 120
Profit and loss account (8,248) (2,648)
Shareholders' funds (8,128) (2,528)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Chandbir Nat
Director
Approved by the board on 6 January 2025
ELYSIUM MC2 LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 rental income of residential invesments.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 41,558
At 30 June 2024 41,558
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,020 509
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 48,217 -
Director's Loan account 1,633 50,191
49,850 50,191
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