ELYSIUM DEVELOPERS LIMITED


Director	BOOTH, Ian Denis


Registered Address	17 St. Helens Road
	Sandford
	Wareham
	BH20 7AX


Registered Number	06947451 (England and Wales)

Balance Sheet as at
30 June 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	4		338		422
Investment property	5		400,000		400,000
			400,338		400,422
Current assets
Cash at bank and on hand		1,735		975
		1,735		975
Creditors amounts falling due within one year	6	(3,127)		(3,844)
Net current assets (liabilities)			(1,392)		(2,869)
Total assets less current liabilities			398,946		397,553
Creditors amounts falling due after one year	7		(248,625)		(248,625)
Provisions for liabilities	9		(36,816)		(36,832)
Net assets			113,505		112,096
Capital and reserves
Called up share capital			300		300
Other reserves			110,257		110,257
Profit and loss account			2,948		1,539
Shareholders' funds	10		113,505		112,096

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 Director acknowledges 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 Director on 26 July 2026, and are signed on its behalf by:

BOOTH, Ian Denis
Director
Registered Company No. 06947451

ELYSIUM DEVELOPERS LIMITED

Notes to the Financial Statements
for the year ended 30 June 2026

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.

	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). The entity transitioned from previous FRS105 to FRS 102 Section 1A as at 1 July 2024. Details of how FRS 102 has affected the reported financial position and financial performance is given in the transition to FRS 102 note.

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).

The entity transitioned from previous FRS105 to FRS 102 Section 1A as at 1 July 2024. Details of how FRS 102 has affected the reported financial position and financial performance is given in the transition to FRS 102 note.

	Turnover policy
	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.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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:


		Reducing balance (%)
	Plant and machinery	20

	Investment property
	Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Investment properties are included at their open market value. In accordance with the provisions of FRS102 freehold investment buildings are not depreciated. This is in contravention to the Companies Act 2006 which requires all tangible fixed assets to be depreciated. The director is of the opinion that this departure from the Companies Act 2006 is needed to present a true and fair view.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Investment properties are included at their open market value.

In accordance with the provisions of FRS102 freehold investment buildings are not depreciated.

This is in contravention to the Companies Act 2006 which requires all tangible fixed assets to be depreciated. The director is of the opinion that this departure from the Companies Act 2006 is needed to present a true and fair view.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 July 25	8,413	8,413
At 30 June 26	8,413	8,413
Depreciation and impairment
At 01 July 25	7,991	7,991
Charge for year	84	84
At 30 June 26	8,075	8,075
Net book value
At 30 June 26	338	338
At 30 June 25	422	422


	Following the transition to FRS102 Section 1A the freehold land and buildings have been reclassified as investment property.

5.	Investment property
	The investment property was revalued by the director on an open market basis on 30 June 2024 and he is of the opinion that there has been no material change in this valuation as at 30 June 2026.


		£
	Fair value at 01 July 25	400,000
	At 30 June 26	400,000

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	923
Taxation and social security	1,960	2,037
Other creditors	447	164
Accrued liabilities and deferred income	720	720
Total	3,127	3,844

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	248,625	248,625
Total	248,625	248,625

8.	Secured creditors
	The bank borrowing is secured by way of a charge over the company's investment property.

9.	Provisions for liabilities

	2026	2025
	£	£
Other provisions	36,816	36,832
Total	36,816	36,832

10.	Fair value reserve
	The fair value reserve has arisen on the revaluation of the investment property and is non distributable.


		£
	Fair value reserve at 01 July 25	110,257
	At 30 June 26	110,257

11.	Prior period policy changes
	Transitional adjustments following change from FRS 105 to FRS 102 Section 1A The company has transitioned from FRS 105 to FRS 102 Section 1A with effect from 1 July 2024. As part of the transition process, the company's freehold property was reclassified as investment property and measured at fair value in accordance with Section 16 of FRS 102. A deferred tax liability was recognised in respect of the resulting fair value adjustment. The effect of the transition on retained earnings was an increase of £110,157 at 1 July 2024 and an increase of £110,177 at 30 June 2025. There was no impact on the taxation previously reported. The other reserve arising from these transition adjustments is non-distributable.

11.

Prior period policy changes

Transitional adjustments following change from FRS 105 to FRS 102 Section 1A

The company has transitioned from FRS 105 to FRS 102 Section 1A with effect from 1 July 2024. As part of the transition process, the company's freehold property was reclassified as investment property and measured at fair value in accordance with Section 16 of FRS 102. A deferred tax liability was recognised in respect of the resulting fair value adjustment.

The effect of the transition on retained earnings was an increase of £110,157 at 1 July 2024 and an increase of £110,177 at 30 June 2025. There was no impact on the taxation previously reported. 

The other reserve arising from these transition adjustments is non-distributable.