Elite Properties (EY) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14737251 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Elite Properties (EY) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Acklam

D V Schofield

REGISTERED OFFICE:

Barmston Close

Swinemoor Lane

Beverley

East Yorkshire

HU17 0LA

REGISTERED NUMBER:

14737251 (England and Wales)

ACCOUNTANTS:

Try Lunn & Co

Chartered Accountants

Roland House

Princes Dock Street

Hull

HU1 2LD

FIXED ASSETS

Tangible assets

4

2,160,629

566,748

Investments

5

100

2,160,729

566,848

CURRENT ASSETS

Debtors

6

61,284

25,628

Cash at bank and in hand

17,024

21,268

78,308

46,896

CREDITORS

Amounts falling due within one year

7

1,915,552

296,510

NET CURRENT LIABILITIES

(1,837,244

)

(249,614

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

323,485

317,234

CREDITORS

Amounts falling due after more than one
year

8

307,338

315,893

NET ASSETS

16,147

1,341

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

16,047

1,241

SHAREHOLDERS' FUNDS

16,147

1,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2026 and were signed on its behalf by:

A Acklam - Director

1.	STATUTORY INFORMATION

Elite Properties (EY) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is recognised when the rent falls due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 October 2024

566,748

Additions

1,593,881

At 30 September 2025

2,160,629

NET BOOK VALUE

At 30 September 2025

2,160,629

At 30 September 2024

566,748

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2024

and 30 September 2025

100

NET BOOK VALUE

At 30 September 2025

100

At 30 September 2024

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

768

-

Amounts owed by group undertakings

-

19,702

Other debtors

60,516

5,926

61,284

25,628

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

7,537

6,071

Trade creditors

86,795

3,841

Amounts owed to group undertakings

280,589

-

Taxation and social security

-

291

Other creditors

1,540,631

286,307

1,915,552

296,510

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

307,338

315,893

2025

2024

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

270,147

291,609

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary shares

£1

100

10.

RESERVES

Retained

earnings

£

At 1 October 2024

1,241

Profit for the year

14,806

At 30 September 2025

16,047

11.	RELATED PARTY DISCLOSURES

Elite Commercials (EY) Limited

Elite Commercials (EY) Limited is the company's subsidiary.

During the year the company invoiced Elite Commercials (EY) Limited £24,000 (2024 - £16,501) for services and received a loan of £326,090 (2024 - nil). The loan is interest free and repayable on demand.

During the year the company received a dividend of £30,000 (2024 - £nil) from Elite Commercials (EY) Limited

At the year end the company owed Elite Commercials (EY) Limited £280,589 (2024 - £19,702 Elite Commercials (EY) Limited owed the company).

Acklam's Coaches Limited

Acklam's Coaches Limited is a company controlled by a Director of the company.

During the year Acklam's Coaches Limited loaned the company £1,213,996 (2024- £284,807). The loan is interest free and repayable on demand.

At the year end the company owed £1,498,803 to Acklam's Coaches Limited (2024 - £284,807).

Acklam's Properties Limited

Acklam's Properties Limited is a company controlled by a Director of the company

During the year Acklam's Properties Limited loaned £40,000 (2024: £nil) and issued a management charge of £24,000 (2024 - £nil) to the company. The loan is interest free and repayable on demand.

At the year end the company owed £68,800 to Acklam's Properties Limited (2024 - £nil).

Acklam's Leisure Limited

Acklam's Leisure Limited is a company controlled by a Director of the company

During the year Acklam's Leisure Limited met costs of £828 (2024: £nil) on the company's behalf.

At the year end the company owed £828 to Acklam's Leisure Limited (2024 - £nil).

12.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mr A. Acklam