Elite Property Solutions (Cumbria) Limited

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

Registered number: 10304374

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,228		6,533
Investment Properties	5		1,224,504		1,224,504

			1,229,732		1,231,037
CURRENT ASSETS
Debtors	6	176,351		-
Cash at bank and in hand		8,470		3,792

		184,821		3,792
Creditors: Amounts Falling Due Within One Year	7	(780,842 )		(601,120 )

NET CURRENT ASSETS (LIABILITIES)			(596,021 )		(597,328 )

TOTAL ASSETS LESS CURRENT LIABILITIES			633,711		633,709

Creditors: Amounts Falling Due After More Than One Year	8		(917,843 )		(922,970 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(44,751 )		(44,751 )

NET LIABILITIES			(328,883 )		(334,012 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Fair value reserve	11		264,994		264,994
Profit and Loss Account			(593,977 )		(599,106 )

SHAREHOLDERS' FUNDS			(328,883)		(334,012)

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Elite Property Solutions (Cumbria) Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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 Darren Williams

Director

24/03/2026

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

1. General Information

Elite Property Solutions (Cumbria) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10304374 . The registered office is C/O Optimise Accountants Limited Bramley House, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.

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:

Motor Vehicles	20% reducing balance basis
Fixtures & Fittings	20% reducing balance basis
Computer Equipment	20% reducing balance basis

2.5. Investment Properties

Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

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Elite Property Solutions (Cumbria) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 September 2024	5,295	17,677	332	23,304

As at 31 August 2025	5,295	17,677	332	23,304

Depreciation
As at 1 September 2024	3,930	12,585	256	16,771
Provided during the period	273	1,017	15	1,305

As at 31 August 2025	4,203	13,602	271	18,076

Net Book Value
As at 31 August 2025	1,092	4,075	61	5,228

As at 1 September 2024	1,365	5,092	76	6,533

5. Investment Property

	2025
	£
Fair Value
As at 1 September 2024 and 31 August 2025	1,224,504

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	133	-
Other debtors	176,218	-

	176,351	-

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	40,000	40,000
Other creditors (1)	88,258	90,560
Other creditors (2)	(9,520 )	(10,420 )
Directors' loan accounts	662,104	480,980

	780,842	601,120

At the Balance Sheet date, the company owed £18,600 (2024 : £18,900) to Elite Property Management (Cumbria) Ltd, £30,500 (2024 : £32,500) to Lakes Lettings Ltd, £39,000 (2024 : £39,000) to Lakes Premier Property Ltd, £1,000 (2024 : £1,000) to Lake City Consulting and The Lakes Property Group Ltd owed £500 (2024 : £500) which are companies registered in England & Wales. The directors & shareholders of Elite Property Solutions (Cumbria) Limited are also directors & shareholders of Elite Property Management (Cumbria) Ltd, Lakes Premier Property Ltd, Lakes Lettings Ltd & Lake City Consulting.

The loans are interest free and is repayable on demand. It is included within Other creditors (1)

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Elite Property Solutions (Cumbria) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

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

	2025	2024
	£	£
Bank loans	917,843	922,970

9. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	917,843		913,863

10. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
25 Ordinary A shares of £ 1.000 each	25	25
25 Ordinary B shares of £ 1.000 each	25	25
25 Ordinary C shares of £ 1.000 each	25	25
25 Ordinary D shares of £ 1.000 each	25	25

	100	100

11. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 September 2024	264,994	(599,106 )
Profit for the year and total comprehensive income	-	5,129

As at 31 August 2025	264,994	(593,977 )

12. Ultimate Controlling Party

There is no ultimate controlling party as all shareholders have equal holding in the issued share capital of the company.

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