Company Registration No. 14573042 (England and Wales)
Elite Property Acquisitions Ltd
Unaudited accounts
for the year ended 31 January 2025
Elite Property Acquisitions Ltd
Unaudited accounts
Contents
Elite Property Acquisitions Ltd
Statement of financial position
as at 31 January 2025
Investment property
130,000
-
Cash at bank and in hand
15,861
22,422
Creditors: amounts falling due within one year
(22,280)
(831)
Net current assets
30,501
69,411
Total assets less current liabilities
160,501
69,411
Creditors: amounts falling due after more than one year
(158,879)
(80,149)
Net assets/(liabilities)
1,622
(10,738)
Called up share capital
100
100
Profit and loss account
1,522
(10,838)
Shareholders' funds
1,622
(10,738)
For the year ending 31 January 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 13 October 2025 and were signed on its behalf by
Nicholas Staab
Director
Company Registration No. 14573042
Elite Property Acquisitions Ltd
Notes to the Accounts
for the year ended 31 January 2025
Elite Property Acquisitions Ltd is a private company, limited by shares, registered in England and Wales, registration number 14573042. The registered office is 20-22 Wenlock Road, London, N1 7GU, 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.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover represents amounts received in respect of rent.
Net gain from fair value adjustments
19,894
At 31 January 2025
130,000
Amounts falling due after more than one year
Accrued income and prepayments
8,043
8,043
Other debtors
28,877
39,777
6
Creditors: amounts falling due within one year
2025
2024
Other creditors
22,280
831
Elite Property Acquisitions Ltd
Notes to the Accounts
for the year ended 31 January 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
80,149
80,149
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).