Elite Lending Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06523612

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,842		5,340

			2,842		5,340
CURRENT ASSETS
Debtors	5	3,170,859		2,853,928
Cash at bank and in hand		1,045,451		20,949

		4,216,310		2,874,877
Creditors: Amounts Falling Due Within One Year	6	(472,115 )		(527,047 )

NET CURRENT ASSETS (LIABILITIES)			3,744,195		2,347,830

TOTAL ASSETS LESS CURRENT LIABILITIES			3,747,037		2,353,170

Creditors: Amounts Falling Due After More Than One Year	7		(3,696,000 )		(2,269,066 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(540 )		(1,014 )

NET ASSETS			50,497		83,090

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			50,397		82,990

SHAREHOLDERS' FUNDS			50,497		83,090

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Elite Lending Ltd

Balance Sheet (continued)

As At 31 March 2025

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.

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

Dr Masoud Ahmadi

Director

31 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Elite Lending Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06523612 . The registered office is Keltic Business Centre, Unit 2 Cadbury Close,, 1379 High Rd, London, N20 9BD.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. 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:

Fixtures & Fittings	25% on cost
Computer Equipment	25% on cost

2.5. 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 year 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 asset reflects 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.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Elite Lending Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	3,819	16,684	20,503
Additions	126	16	142

As at 31 March 2025	3,945	16,700	20,645

Depreciation
As at 1 April 2024	3,160	12,003	15,163
Provided during the period	452	2,188	2,640

As at 31 March 2025	3,612	14,191	17,803

Net Book Value
As at 31 March 2025	333	2,509	2,842

As at 1 April 2024	659	4,681	5,340

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	3,170,859	2,853,928

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	5,284
Bank loans and overdrafts	12,052	10,000
Other creditors	460,063	489,825
Taxation and social security	-	21,938

	472,115	527,047

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	12,500
Other creditors	3,696,000	2,256,566

	3,696,000	2,269,066

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Elite Lending Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Related Party Transactions

Mr Masoud Ahmadi and Daniel Armani each has a 50% share of the share capital in the following companies.

Dama Estate Ltd

Nobel Investments Ltd

Prophub Ltd

Vaspan Ltd

Zoish Ltd

Following transctions took place during the year with the above companies.

Dama Estate Ltd as repaid loan of £146,365.28 during the year and the outstanding balance stood at £332,293.09 as of 31st March 2025. (2024:£478,658.37 owed to Dama Estate Ltd)

Nobel Investment Ltd was loaned £26,406.26 during the year and the outstanding balance as of 31st March 2025 was £98,431.26.(2024: £72,025 owed to Nobel Investments Ltd)

Prophub Ltd was loaned £174,125 during the year and the outstanding balance as of 31st March 2025 was £176,125. (2024: £2,000)

Vaspan Ltd was loaned £1,000 during the year and the outstanding balance as of 31st March 2025 was unchanged. (2024: £0)

Zoish Ltd was loaned £50,988.50 during the year and the outstanding balance as of 31st March 2025 was unchanged. (2024: £0)

10. Registered charges

Mr Ghorbanzadeh-Bajgiran holds a fixed charge over a specific collateralized asset of Elite Lending Ltd over which Elite Lending Ltd has itself a fixed charge in its favour amounting to £419,500.

Mr Hossein Zadeh and Mrs Nahid Shahravesh hold a fixed charge over a specific collateralized asset of Elite Lending Ltd over which Elite Lending Ltd has itself a fixed charge in its favour amounting to £450,000.

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