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Registered number: 08800850
Elite Int Assets UK Limited
Unaudited Financial Statements
For The Year Ended 30 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08800850
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,876 -
Investments 5 63,945 63,945
65,821 63,945
CURRENT ASSETS
Debtors 6 41,428 35,574
Cash at bank and in hand 12,195 417
53,623 35,991
Creditors: Amounts Falling Due Within One Year 7 (61,195 ) (43,004 )
NET CURRENT ASSETS (LIABILITIES) (7,572 ) (7,013 )
TOTAL ASSETS LESS CURRENT LIABILITIES 58,249 56,932
NET ASSETS 58,249 56,932
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 58,149 56,832
SHAREHOLDERS' FUNDS 58,249 56,932
Page 1
Page 2
For the year ending 30 December 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
Anouar Adham
Director
26 September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Elite Int Assets UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08800850 . The registered office is Riverbank House, 5th Floor, Office 510, 1 Putney Bridge Approach, London, SW6 3JD.
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. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Furniture, fixtures and equipment Straight line over 3 years
Computer Equipment Straight line over 3 years
2.4. Taxation
Income 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 years 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 assets reflect 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.
...CONTINUED
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2.4. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Investment
Investment in shares which have been classified as unlisted investment are measured at cost. Gain or loss on such investment are recognised in Profit and Loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Furniture, fixtures and equipment Computer Equipment Total
£ £ £
Cost
As at 31 December 2023 1,377 - 1,377
Additions - 2,128 2,128
As at 30 December 2024 1,377 2,128 3,505
Depreciation
As at 31 December 2023 1,377 - 1,377
Provided during the period - 252 252
As at 30 December 2024 1,377 252 1,629
Net Book Value
As at 30 December 2024 - 1,876 1,876
As at 31 December 2023 - - -
The investment properties are valued, at balance sheet date, by directors of the company based on the assessment of available market information and property condition. The directors believe the their valuation would not be materially different from the professional valuation.
5. Investments
Unlisted
£
Cost or Valuation
As at 31 December 2023 63,945
As at 30 December 2024 63,945
...CONTINUED
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Provision
As at 31 December 2023 -
As at 30 December 2024 -
Net Book Value
As at 30 December 2024 63,945
As at 31 December 2023 63,945
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,157 -
Other debtors 17,758 13,681
Amounts owed by other related parties 21,513 21,893
41,428 35,574
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 1,924
Other creditors 15,593 6,068
Accruals and deferred income 1,350 1,800
Director's loan account 11,040 -
Amounts owed to related parties 33,212 33,212
61,195 43,004
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Included in creditors due within one year is an amount of £33,212 (2023:£33,212 ) owed to the companies in which the director has beneficial interest.  The amount is interest free and repayable on demand.
Included in debtors due within one year is an amount of £21,513 (2023:£21,893) owed to the companies in which the director has beneficial interest.  The amount is interest free and repayable on demand.
10. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of the ownership of 100% of the issued share capital in the company.
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