Company registration number 10137826 (England and Wales)
ELEVATE PROPERTY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
ELEVATE PROPERTY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ELEVATE PROPERTY LIMITED (REGISTERED NUMBER: 10137826)
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
733,548
731,628
Current assets
Debtors
4
100
100
Cash at bank and in hand
1,591
1,417
1,691
1,517
Creditors: amounts falling due within one year
5
(355,643)
(318,427)
Net current liabilities
(353,952)
(316,910)
Total assets less current liabilities
379,596
414,718
Creditors: amounts falling due after more than one year
6
(546,133)
(546,265)
Net liabilities
(166,537)
(131,547)
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
8
20,810
20,810
Distributable profit and loss reserves
(187,447)
(152,457)
Total equity
(166,537)
(131,547)
ELEVATE PROPERTY LIMITED (REGISTERED NUMBER: 10137826)
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 2 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 12 January 2026
T Wheatley Esq
Director
ELEVATE PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information

Elevate Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Springfield Gardens, West Wickham, Kent, BR4 9PX.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future.

1.3
Turnover

Turnover represents rental income received during the period which relates to the current accounting period.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
ELEVATE PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
3
Investment property
2025
£
Fair value
At 1 May 2024
731,628
Additions
1,920
At 30 April 2025
733,548

Investment property comprises properties at a fair value of £733,548. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors best estimate. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
100
100
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
355,643
318,427
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
546,133
546,265
Creditors which fall due after five years are payable as follows:
Payable by instalments
546,133
546,265

The bank loans are secured against the properties in the company's name by way of a fixed and floating charge.

ELEVATE PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 5 -
7
Loans and overdrafts
2025
2024
£
£
Bank loans
546,133
546,265
Payable after one year
546,133
546,265

The loans are secured by fixed charges over the investment properties.

8
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
20,810
25,395
Non distributable profits in the year
-
(4,585)
At the end of the year
20,810
20,810
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