ELITE SOUTHERN PROPERTIES LIMITED


Directors	G Bell
	N Bell
	V F M Squibb


Company Secretary	G Bell


Registered Address	12a Marlborough Place
	Brighton
	BN1 1WN


Registered Number	05442084 (England and Wales)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		842,474		842,474
			842,474		842,474
Current assets
Debtors	4	375,000		387,049
Cash at bank and on hand		120,055		72,599
		495,055		459,648
Creditors amounts falling due within one year	5	(57,738)		(42,409)
Net current assets (liabilities)			437,317		417,239
Total assets less current liabilities			1,279,791		1,259,713
Creditors amounts falling due after one year	6		-		(4,216)
Net assets			1,279,791		1,255,497
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			1,278,791		1,254,497
Shareholders' funds			1,279,791		1,255,497

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 30 March 2026, and are signed on its behalf by:

N Bell
Director
Registered Company No. 05442084

ELITE SOUTHERN PROPERTIES LIMITED

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investment property
	The policy of not providing depreciation on freehold property is in accordance with the revaluation model procedure laid down in Section 1A 'Small Entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The policy is a departure from the specific requirement of the Companies Act 2006 to provide depreciation on any fixed asset which has a limited useful economic life. The departure from the Companies Act 2006 requirement is for the overriding purpose of giving a true and fair view in accordance with Section 1A of Financial Reporting Standard 102.

Investment property

The policy of not providing depreciation on freehold property is in accordance with the revaluation model procedure laid down in Section 1A 'Small Entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The policy is a departure from the specific requirement of the Companies Act 2006 to provide depreciation on any fixed asset which has a limited useful economic life. The departure from the Companies Act 2006 requirement is for the overriding purpose of giving a true and fair view in accordance with Section 1A of Financial Reporting Standard 102.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 August 24	842,474	842,474
At 31 July 25	842,474	842,474
Net book value
At 31 July 25	842,474	842,474
At 31 July 24	842,474	842,474


	Freehold property was revalued on 31 July 2025 by the directors, who are of the opinion that the carrying value approximates the open market value at that date.

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	375,000	387,049
Total	375,000	387,049

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	4,403	5,324
Taxation and social security	8,138	1,091
Other creditors	43,661	34,458
Accrued liabilities and deferred income	1,536	1,536
Total	57,738	42,409

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	4,216
Total	-	4,216

7.	Related party transactions
	Included in the financial statements are the following transactions and balances with related parties: 31.7.25 31.7.24 £ £ Elite Avis Way Properties Limited, a company under common control: Debtors 375,000 387,000

8.	Controlling party
	The company was controlled by its directors throughout the period.