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Registered Number: 12745384
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 July 2024

for

ELUSIVE PROPERTIES LTD

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 224,260  224,260 
Current assets 48,293  52,021 
Creditors: amount falling due within one year (110,767) (109,520)
Net current assets/(liabilities) (62,474) (57,499)
Total assets less current liabilities 161,786  166,761 
Creditors: amount falling due after more than one year (182,250) (182,250)
Net assets/(liabilities) (20,464) (15,489)
 
Capital and reserves (20,464) (15,489)
 
  1. For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Harcharan Singh
Director

Date approved: 26 March 2025
1
Statutory Information
ELUSIVE PROPERTIES LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 12745384, registration address 67 Holmwood Road, Cheam, Sutton, SM2 7JP, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
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:
2.

Tangible fixed assets

Cost or Valuation   Freehold property   Total
    £   £
At 01 August 2023   224,260    224,260 
Additions    
At 31 July 2024   224,260    224,260 
Depreciation
At 01 August 2023    
At 31 July 2024    
Net book values
Closing balance as at 31 July 2024   224,260    224,260 
Opening balance as at 01 August 2023   224,260    224,260 

3.

Average number of employees

Average number of employees during the year was 0 (2023: 0).
2