Elate Rose Limited

Elate Rose Limited
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	475,144	475,294
		475,144	475,294
Current assets
Debtors	4	551	566
Cash at bank and in hand		4,220	4,074
		4,771	4,640
Creditors: amount falling due within one year	5	(337,533)	(342,397)
Net current assets		(332,762)	(337,757)

Total assets less current liabilities		142,382	137,537
Provisions for liabilities	6	(1,738)	(1,812)
Net assets		140,644	135,725

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		140,544	135,625
Shareholders' funds		140,644	135,725

For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 14 October 2026 and were signed on its behalf by:

-------------------------------
Ms N S Asher
Director

Elate Rose Limited
Notes to the Financial Statements
For the year ended 31 January 2026

General Information

Elate Rose Limited is a private company, limited by shares, registered in England and Wales, registration number 09972337, registration address Unit 2 Sherbrook Enterprise, 100 Sherbrook Road, Daybrook, Nottingham, NG5 6AB.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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)

Revenue Recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Computer Equipment	33.3% Straight Line

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 4 (2025 : 4).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Computer Equipment	Investment properties	Total
	£	£	£	£
At 01 February 2025	175	1,218	475,000	476,393
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 January 2026	175	1,218	475,000	476,393
Depreciation
At 01 February 2025	58	1,041	-	1,099
Charge for year	44	106	-	150
On disposals	-	-	-	-
At 31 January 2026	102	1,147	-	1,249
Net book values
Closing balance as at 31 January 2026	73	71	475,000	475,144
Opening balance as at 01 February 2025	117	177	475,000	475,294

Tangible fixed assets included at valuation would have been included on an historical cost basis at £450,544 (2024: £450,544). The investment properties are revalued annually by a professional and the directors on an open market value basis, and consider themselves able to do so given their expertise and knowledge of the investment property market.

Debtors: amounts falling due within one year

	2026 £		2025 £
Trade Debtors	551		566
	551		566

Creditors: amount falling due within one year

	2026 £	2025 £
Corporation Tax	1,172	1,973
PAYE & Social Security	788	141
Accrued Expenses	2,292	2,906
Other Creditors	598	601
Wages & Salaries Control Account	400	400
Directors' Current Accounts	332,283	336,376
	337,533	342,397

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	1,738		1,812
	1,738		1,812

Share Capital

Allotted, called up and fully paid	2026 £		2025 £
100 Ordinary shares of £1.00 each	100		100
	100		100