Company Registration No. 13987032 (England and Wales)
Elementra Ltd.
Unaudited accounts
for the year ended 31 March 2025
Elementra Ltd.
Unaudited accounts
Contents
Elementra Ltd.
Company Information
for the year ended 31 March 2025
Directors
Dr Nasser Bani Hassan
Mrs Nazila Danesh
Company Number
13987032 (England and Wales)
Registered Office
45 Drayton Avenue
Orpington
BR6 8JN
England
Accountants
GMT Accounting Ltd
5 Sedcombe Close
Sidcup
Kent
DA14 4QG
Elementra Ltd.
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
102,834
295,376
Creditors: amounts falling due within one year
-
(69,712)
Net current assets
167,560
225,664
Net assets
167,560
227,324
Called up share capital
100
100
Profit and loss account
167,460
227,224
Shareholders' funds
167,560
227,324
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 directors acknowledge their 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 of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by
Dr Nasser Bani Hassan
Director
Company Registration No. 13987032
Elementra Ltd.
Notes to the Accounts
for the year ended 31 March 2025
Elementra Ltd. is a private company, limited by shares, registered in England and Wales, registration number 13987032. The registered office is 45 Drayton Avenue, Orpington, BR6 8JN, England.
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 note
10 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:
Fixtures & fittings
3 year straight line
Computer equipment
3 year straight line
The company holds a portfolio of listed investments through Interactive Brokers. Investments are classified as financial assets measured at fair value through profit or loss in accordance with FRS 102.
Investment income comprises dividends and interest received or receivable.
Realised gains and losses on disposal of investments are presented under the heading “Gain/loss on sale of tangible assets”. Unrealised gains and losses arising from changes in fair value are presented under the heading “Gain/loss from revaluation of tangible assets”. These headings are prescribed by the accounts production system and do not relate to tangible fixed assets.
Brokerage commissions directly attributable to investment transactions are netted against realised gains and losses in accordance with the company’s accounting policy.
Cash and cash equivalents
Cash and cash equivalents include cash at bank, cash held with brokers, and other short-term highly liquid investments with original maturities of three months or less.
The Interactive Brokers cash balance is treated as cash at bank and in hand in these financial statements, as it is available on demand for trading or withdrawal.
Elementra Ltd.
Notes to the Accounts
for the year ended 31 March 2025
Financial assets are measured at fair value through profit and loss where they are held for trading. Other basic financial assets and liabilities are initially recognised at transaction price and subsequently measured at amortised cost.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
535
4,446
4,981
At 31 March 2025
535
4,446
4,981
At 1 April 2024
357
2,964
3,321
Charge for the year
178
1,482
1,660
At 31 March 2025
535
4,446
4,981
At 31 March 2024
178
1,482
1,660
Amounts falling due within one year
Accrued income and prepayments
71
-
6
Investments held as current assets
2025
2024
Listed investments
64,585
-
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
26,275
The company held short positions in listed securities through Interactive Brokers. These are presented as creditors falling due within one year, as they represent obligations to purchase securities in the future.
During the year, the company provided a loan to Dr Nasser Bani Hassan, a director of the company. At the balance sheet date, the company was owed £70.
Elementra Ltd.
Notes to the Accounts
for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
10
Reconciliations on adoption of FRS 102
The principal impact of transition has been to measure the company’s listed investments at fair value through profit or loss rather than at cost less impairment. No other significant adjustments were required.