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Registered number: 08557490
Elevate Corporation Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Martin & Co
Chartered Certified Accountants
10 Shingle Road
Shoreham-By-Sea
BN43 5RH
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Elevate Corporation Ltd for the year ended 31 March 2025
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Elevate Corporation Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Elevate Corporation Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Elevate Corporation Ltd and state those matters that we have agreed to state to the directors of Elevate Corporation Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elevate Corporation Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Elevate Corporation Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Elevate Corporation Ltd . You consider that Elevate Corporation Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Elevate Corporation Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
30/12/2025
Martin & Co
Chartered Certified Accountants
10 Shingle Road
Shoreham-By-Sea
BN43 5RH
Page 1
Page 2
Balance Sheet
Registered number: 08557490
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investments 4 51 51
51 51
CURRENT ASSETS
Debtors 5 122,619 107,857
Cash at bank and in hand 24 55
122,643 107,912
Creditors: Amounts Falling Due Within One Year 6 (82,279 ) (66,858 )
NET CURRENT ASSETS (LIABILITIES) 40,364 41,054
TOTAL ASSETS LESS CURRENT LIABILITIES 40,415 41,105
NET ASSETS 40,415 41,105
CAPITAL AND RESERVES
Called up share capital 7 111 111
Share premium account 50,973 50,973
Profit and Loss Account (10,669 ) (9,979 )
SHAREHOLDERS' FUNDS 40,415 41,105
Page 2
Page 3
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
Mr Darrel Butlin
Director
30/12/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Elevate Corporation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08557490 . The registered office is 10 Shingle Road, Shoreham-By-Sea, BN43 5RH.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Investments
Subsidiaries
£
Cost or Valuation
As at 1 April 2024 51
As at 31 March 2025 51
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 51
As at 1 April 2024 51
5. Debtors
2025 2024
£ £
Due within one year
Amounts owed by group undertakings 122,619 107,857
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 270 360
Other creditors 82,009 66,498
82,279 66,858
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 111 111
Page 4
Page 5
8. Directors Advances, Credits and Guarantees
Included within creditors are the following loans from directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Darrel Butlin 66,228 18,600 3,252 - 81,576
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
Included within other debtors at the balance sheet date was an amount of £8,840 (2024 - £8,118) owing from Eyebrid Blaze Limited, a subsidiary of the company.
Included within other debtors at the balance sheet date was an amount of £113,779 (2024 - £99,739) owing from EOID Limited, a subsidiary of the company.
10. Controlling Party
The company's controlling party is Mr Darrel Butlin by virtue of his shareholding in the company.
11. Going Concern
The directors have received assurances that the company's creditors will not seek repayment of the amounts due for the foreseeable future. It has therefore been deemed appropriate to prepare the accounts on the going concern basis.
Page 5