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Registered number: 11576775
ELIA PROPERTY INVESTMENTS LIMITED
Unaudited Financial Statements
For The Year Ended 30 September 2024
ELM Partners
Chartered Certified Accountants & Registered Auditors
Southgate Offie Village
286a Chase Road
Soutghate
London
N14 6HF
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11576775
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 153,637 153,869
153,637 153,869
CURRENT ASSETS
Cash at bank and in hand 19,316 11,259
19,316 11,259
Creditors: Amounts Falling Due Within One Year 5 (132,629 ) (150,251 )
NET CURRENT ASSETS (LIABILITIES) (113,313 ) (138,992 )
TOTAL ASSETS LESS CURRENT LIABILITIES 40,324 14,877
NET ASSETS 40,324 14,877
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 40,323 14,876
SHAREHOLDERS' FUNDS 40,324 14,877
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr ELIAS ELIA
Director
05/06/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
ELIA PROPERTY INVESTMENTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11576775 . The registered office is Southgate Offie Village, 286a Chase Road, Soutghate , London, N14 6HF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Computer Equipment 20% reducing balance
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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Page 3
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 152,711 1,447 154,158
As at 30 September 2024 152,711 1,447 154,158
Depreciation
As at 1 October 2023 - 289 289
Provided during the period - 232 232
As at 30 September 2024 - 521 521
Net Book Value
As at 30 September 2024 152,711 926 153,637
As at 1 October 2023 152,711 1,158 153,869
Cost or valuation as at 30 September 2024 represented by:
Land & Property
Freehold Computer Equipment Total
£ £ £
At cost 152,711 1,447 154,158
152,711 1,447 154,158
In the opinion of the director the fair value of the properties has not materially changed since the date of their acquisition.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 928 -
Corporation tax 7,557 1,184
Accruals and deferred income 684 660
Director's loan account 123,460 148,407
132,629 150,251
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
7. Related Party Transactions
Included in creditors amount falling due within one year is an amount of £123,460 (2023: £148,407) due to Mr Elias Elia, director of the company. The loan was interest free.
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