Company Registration No. 11741927 (England and Wales)
THE ELEMENT PROPERTY INVESTMENT LIMITED
Unaudited accounts
for the year ended 31 December 2024
THE ELEMENT PROPERTY INVESTMENT LIMITED
Unaudited accounts
Contents
THE ELEMENT PROPERTY INVESTMENT LIMITED
Company Information
for the year ended 31 December 2024
Directors
Xiaobin Liu
Yongxia Zhang
Company Number
11741927 (England and Wales)
Registered Office
7 BELL YARD
LONDON
WC2A 2JR
ENGLAND
Accountants
Genius Accountancy Ltd
27 Old Gloucester Street
London
WC1N 3AX
THE ELEMENT PROPERTY INVESTMENT LIMITED
Statement of financial position
as at 31 December 2024
Investment property
719,550
426,000
Cash at bank and in hand
51,461
111,411
Creditors: amounts falling due within one year
(217,547)
(180,779)
Net current liabilities
(165,362)
(69,314)
Total assets less current liabilities
554,367
357,319
Creditors: amounts falling due after more than one year
(509,532)
(302,471)
Provisions for liabilities
Deferred tax
(12,641)
(12,641)
Called up share capital
100
100
Fair value reserve
53,889
53,889
Profit and loss account
(21,795)
(11,782)
Shareholders' funds
32,194
42,207
For the year ending 31 December 2024 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 23 September 2025 and were signed on its behalf by
Xiaobin Liu
Director
Company Registration No. 11741927
THE ELEMENT PROPERTY INVESTMENT LIMITED
Notes to the Accounts
for the year ended 31 December 2024
THE ELEMENT PROPERTY INVESTMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11741927. The registered office is 7 BELL YARD, LONDON, WC2A 2JR, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
The accounts are presented in £ sterling.
Average number of employees
Average number of employees also include directors
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
THE ELEMENT PROPERTY INVESTMENT LIMITED
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment
Fair value at 1 January 2024
426,000
At 31 December 2024
719,550
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,054
6,054
Other creditors
2,664
7,704
Loans from directors
208,829
167,021
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
509,532
302,471
9
Average number of employees
During the year the average number of employees was 1 (2023: 0).