Registered number
09750365
ELITE LONDON PROPERTY LTD
Filleted Accounts
31 August 2024
ELITE LONDON PROPERTY LTD
Registered number: 09750365
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 1,200
Current assets
Cash at bank and in hand 22,977 15,952
Creditors: amounts falling due within one year 4 (5,714) (5,742)
Net current assets 17,263 10,210
Net assets 17,263 11,410
Capital and reserves
Called up share capital 100 100
Profit and loss account 17,163 11,310
Shareholders' funds 17,263 11,410
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.
Sami K Elias
Director
Approved by the board on 20 September 2024
ELITE LONDON PROPERTY LTD
Notes to the Accounts
for the year ended 31 August 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 September 2023 6,000
At 31 August 2024 6,000
Depreciation
At 1 September 2023 4,800
Charge for the year 1,200
At 31 August 2024 6,000
Net book value
At 31 August 2024 -
At 31 August 2023 1,200
4 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 1,080 1,080
Taxation and social security costs 2,592 3,720
Other creditors 2,042 942
5,714 5,742
5 Other information
ELITE LONDON PROPERTY LTD is a private company limited by shares and incorporated in England. Its registered office is:
92 Crawford Street
London
W1H 2HE
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