Elite SPV1 Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 07777344

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,056,595		1,056,595

			1,056,595		1,056,595
CURRENT ASSETS
Cash at bank and in hand		8		47

		8		47
Creditors: Amounts Falling Due Within One Year	5	(359,071 )		(348,596 )

NET CURRENT ASSETS (LIABILITIES)			(359,063 )		(348,549 )

TOTAL ASSETS LESS CURRENT LIABILITIES			697,532		708,046

Creditors: Amounts Falling Due After More Than One Year	6		(583,877 )		(576,737 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(25,770 )		(25,770 )

NET ASSETS			87,885		105,539

CAPITAL AND RESERVES
Called up share capital	8		100		100
Revaluation reserve	9		218,049		218,049
Income Statement			(130,264 )		(112,610 )

SHAREHOLDERS' FUNDS			87,885		105,539

Page 1

Page 2

Elite SPV1 Limited

Statement of Financial Position (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 member has 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.

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 Income Statement.

On behalf of the board

Mr Carl Hutchings

Director

29th April 2026

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

1. General Information

Elite SPV1 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07777344 . The registered office is 82 Wandsworth Bridge Road, London, SW6 2TF.

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 director, having considered the company forecasts and projections and after making enquiries has a reasonable expectation that the company has adequate resources to continue in operational existance for the forerseeable future. Accordingly the financial statements have been prepared on a going concern basis. Notably this expectation has been based on the assumption that the company's creditors will continue to support the company.

2.3. Turnover

Turnover comprises rents receivable from investment properties recognised on a straight line basis and other fees for services supplied by the company to customers, net of value added tax and discounts.

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.

3. Average Number of Employees

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

4. Tangible Assets

	Investment Properties
	£
Cost or Valuation
As at 1 April 2024	1,056,595

As at 31 March 2025	1,056,595

Net Book Value
As at 31 March 2025	1,056,595

As at 1 April 2024	1,056,595

Cost or valuation as at 31 March 2025 represented by:

	Investment Properties
	£
At cost	812,775
At valuation	243,820

	1,056,595

The investment properties have been valued by the company director.

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Page 4

Elite SPV1 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	10,200	6,780
Bank loans and overdrafts	3,669	3,262
Other creditors	340,902	331,463
Accruals and deferred income	4,300	6,820
Director's loan account	-	271

	359,071	348,596

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

	2025	2024
	£	£
Bank loans	583,877	576,737

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	564,692		555,280

7. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	564,692		555,280

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
10,000 Ordinary Shares of £ 0.010 each	100	100

9. Reserves

	Revaluation reserve	Income Statement
	£	£
As at 1 April 2024	218,049	(112,610 )
Loss for the year and total comprehensive income	-	(17,654 )

As at 31 March 2025	218,049	(130,264 )

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Page 5

Elite SPV1 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Related Party Transactions

The YRD Limited

Mr Hutchings, the company's director and shareholder, has a significant interest in The YRD Limited

During the year the company received services amounting to £12,000 from The YRD Limited. The company has a loan balance with The YRD Limited on an interest free and unsecured basis which is repayable on demand. At 31 March 2025 the amount owed to The YRD Limited was £337,603 (2024: £328,163).

C Hutchings

Director and Shareholder

Mr Hutchings has lent funds to the company on an interest free, unsecured basis which is repayable on demand. The director has provided guarantees over borrowings of £564,693 (2024: £555,280 ). At 31 March 2025 the balance owed from C Hutchings amounted to £Nil (2024: owed to C Hutchings £271)