1 April 2024 false No description of principal activity Taxfiler 2024.6 SC496933business:PrivateLimitedCompanyLtd2024-04-012025-03-31 SC4969332024-03-31 SC4969332024-04-012025-03-31 SC496933business:AuditExemptWithAccountantsReport2024-04-012025-03-31 SC496933business:FilletedAccounts2024-04-012025-03-31 SC4969332025-03-31 SC496933business:Director12024-04-012025-03-31 SC496933business:RegisteredOffice2024-04-012025-03-31 SC4969332024-03-31 SC496933core:WithinOneYear2025-03-31 SC496933core:WithinOneYear2024-03-31 SC496933core:AfterOneYear2025-03-31 SC496933core:AfterOneYear2024-03-31 SC496933core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 SC496933core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC496933core:RevaluationReservecore:PreviouslyStatedAmount2025-03-31 SC496933core:RevaluationReservecore:PreviouslyStatedAmount2024-03-31 SC496933core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 SC496933core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC496933core:PreviouslyStatedAmount2025-03-31 SC496933core:PreviouslyStatedAmount2024-03-31 SC496933business:SmallEntities2024-04-012025-03-31 SC496933countries:Scotland2024-04-012025-03-31 SC496933core:LandBuildings2024-04-012025-03-31 SC496933core:LandBuildings2024-03-31 SC496933core:LandBuildings2025-03-31 SC496933core:DisposalsRepaymentsInvestments2025-03-31 SC496933core:WithinOneYear2024-04-012025-03-31 SC496933core:AfterOneYear2024-04-012025-03-31 SC496933business:OrdinaryShareClass12024-04-012025-03-31 SC496933business:OrdinaryShareClass12023-04-012024-03-31 SC4969332023-04-012024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC496933 (Scotland)
ELLIOT CORPORATE FINANCE LTD Unaudited accounts for the year ended 31 March 2025
ELLIOT CORPORATE FINANCE LTD Unaudited accounts Contents
Page
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ELLIOT CORPORATE FINANCE LTD Company Information for the year ended 31 March 2025
Director
Maciej Salek
Company Number
SC496933 (Scotland)
Registered Office
5 South Charlotte Street Edinburgh Midlothian EH2 4AN Scotland
Accountants
Euro Lex Ltd 27 Old Gloucester Street London WC1N 3AX
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ELLIOT CORPORATE FINANCE LTD Accountants' report
Accountants' report to the director of ELLIOT CORPORATE FINANCE LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ELLIOT CORPORATE FINANCE LTD for the year ended 31 March 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ELLIOT CORPORATE FINANCE LTD, as a body, in accordance with the terms of our engagement letter dated 21 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of ELLIOT CORPORATE FINANCE LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ELLIOT CORPORATE FINANCE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ELLIOT CORPORATE FINANCE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ELLIOT CORPORATE FINANCE LTD. You consider that ELLIOT CORPORATE FINANCE LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ELLIOT CORPORATE FINANCE LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Euro Lex Ltd 27 Old Gloucester Street London WC1N 3AX 30 June 2025
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ELLIOT CORPORATE FINANCE LTD Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
177,362 
86,674 
Investments
- 
9,617 
177,362 
96,291 
Current assets
Cash at bank and in hand
2 
193 
Creditors: amounts falling due within one year
(11,847)
- 
Net current (liabilities)/assets
(11,845)
193 
Total assets less current liabilities
165,517 
96,484 
Creditors: amounts falling due after more than one year
(86,224)
(86,224)
Provisions for liabilities
Other provisions
- 
1,374 
Net assets
79,293 
11,634 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
90,688 
- 
Profit and loss account
(11,396)
11,633 
Shareholders' funds
79,293 
11,634 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 July 2025 and were signed on its behalf by
Maciej Salek Director Company Registration No. SC496933
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ELLIOT CORPORATE FINANCE LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
ELLIOT CORPORATE FINANCE LTD is a private company, limited by shares, registered in Scotland, registration number SC496933. The registered office is 5 South Charlotte Street, Edinburgh, Midlothian, EH2 4AN, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Depreciation is charged at 4% p/a on a straight-line basis over an estimated useful life of 25 years
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ELLIOT CORPORATE FINANCE LTD Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At valuation 
At 1 April 2024
86,674 
Revaluations
115,413 
At 31 March 2025
202,087 
Depreciation
Charge for the year
24,725 
At 31 March 2025
24,725 
Net book value
At 31 March 2025
177,362 
At 31 March 2024
86,674 
During the year the company's freehold property was revalued to fair market value on the basis of a professional independent valuation report dated 09 August 2024, confirming a fair market value of PLN 933,000 (translated at the exchange rate on that date of approx. 5.05 PLN/GBP = £184,752). The gross upward revaluation of £115,413 has been recognised, with a depreciation charge of £24,725 on the revalued amount recognised in profit and loss. The net movement of £90,688 has been credited to the Revaluation Reserve.
5
Investments
Other investments 
£ 
Valuation at 1 April 2024
9,617 
Disposals
(9,617)
Valuation at 31 March 2025
- 
The balance of £9,617 carried under Investments in prior years has been written off as the company has been unable to substantiate the asset’s nature or recoverability. A loss of £9,617 has been recognised under “Changes in provisions” in the profit and loss account.
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
398 
- 
Loans from directors
11,449 
- 
11,847 
- 
Director’s short-term loan of £11,449 provided to support operational activities, repayable within 12 months. The director’s loans have been split between current and non-current liabilities in line with FRS 102 requirements.
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ELLIOT CORPORATE FINANCE LTD Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Other creditors
- 
73,585 
Loans from directors
86,224 
12,639 
86,224 
86,224 
Director’s long-term loan of £86,224 represents settlement of the company’s mortgage by the director during the year, repayable after more than one year. The director’s loans have been split between current and non-current liabilities in line with FRS 102 requirements.
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Transactions with related parties
The property was revalued based on a valuation report dated 9 August 2024, confirming a value of PLN 933,000 (converted at 5.05 PLN/GBP to £184,752). The revaluation reserve reflects the net revaluation amount after depreciation and deferred taxation in line with FRS 102.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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