Silverfin false false 31/10/2024 17/10/2023 31/10/2024 J I Bonich 17/10/2023 J A N Perry 17/10/2023 02 June 2025 The principal activity of the company during the financial period was that of a property service company. 15215283 2024-10-31 15215283 bus:Director1 2024-10-31 15215283 bus:Director2 2024-10-31 15215283 core:CurrentFinancialInstruments 2024-10-31 15215283 core:ShareCapital 2024-10-31 15215283 core:RetainedEarningsAccumulatedLosses 2024-10-31 15215283 core:CurrentFinancialInstruments 1 2024-10-31 15215283 bus:OrdinaryShareClass1 2024-10-31 15215283 2023-10-17 2024-10-31 15215283 bus:FilletedAccounts 2023-10-17 2024-10-31 15215283 bus:SmallEntities 2023-10-17 2024-10-31 15215283 bus:AuditExemptWithAccountantsReport 2023-10-17 2024-10-31 15215283 bus:PrivateLimitedCompanyLtd 2023-10-17 2024-10-31 15215283 bus:Director1 2023-10-17 2024-10-31 15215283 bus:Director2 2023-10-17 2024-10-31 15215283 bus:OrdinaryShareClass1 2023-10-17 2024-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15215283 (England and Wales)

ELITE PROPERTY SERVICES LIMITED

Unaudited Financial Statements
For the financial period from 17 October 2023 to 31 October 2024
Pages for filing with the registrar

ELITE PROPERTY SERVICES LIMITED

Unaudited Financial Statements

For the financial period from 17 October 2023 to 31 October 2024

Contents

ELITE PROPERTY SERVICES LIMITED

BALANCE SHEET

As at 31 October 2024
ELITE PROPERTY SERVICES LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 31.10.2024
£
Current assets
Debtors 3 53,447
Cash at bank and in hand 22,321
75,768
Creditors: amounts falling due within one year 4 ( 40,447)
Net current assets 35,321
Total assets less current liabilities 35,321
Net assets 35,321
Capital and reserves
Called-up share capital 5 100
Profit and loss account 35,221
Total shareholders' funds 35,321

For the financial period ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Elite Property Services Limited (registered number: 15215283) were approved and authorised for issue by the Board of Directors on 02 June 2025. They were signed on its behalf by:

J A N Perry
Director
ELITE PROPERTY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 17 October 2023 to 31 October 2024
ELITE PROPERTY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 17 October 2023 to 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Elite Property Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Suite Lp63643 Wenlock Road, London, N1 7GU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
17.10.2023 to
31.10.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 1

3. Debtors

31.10.2024
£
Trade debtors 51,990
Other debtors 1,457
53,447

4. Creditors: amounts falling due within one year

31.10.2024
£
Trade creditors 526
Amounts owed to connected companies 9,963
Taxation and social security 26,570
Other creditors 3,388
40,447

5. Called-up share capital

31.10.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

During the year 100 ordinary shares were issued at par, upon incorporation of the company.

6. Financial commitments

Commitments

Capital commitments are as follows:

31.10.2024
£
Contracted for but not provided for:
Finance leases entered into 11,730