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
ELLIOT CORPORATE FINANCE LTD
Company Information
for the year ended 31 March 2025
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
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
ELLIOT CORPORATE FINANCE LTD
Statement of financial position
as at 31 March 2025
Tangible assets
177,362
86,674
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
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
ELLIOT CORPORATE FINANCE LTD
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
Charge for the year
24,725
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
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
-
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.
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
Loans from directors
86,224
12,639
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.
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).