Registration number: 11119434

Elate Global Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Elate Global Ltd

Company Information

Directors	J A Hawkins K Hawkins

Registered office

71-75 Shelton Street London WC2H 9JQ

Accountants

Sable & Argent Limited 2 Elvetham Crescent Fleet Hampshire GU51 1BU

Elate Global Ltd

(Registration number: 11119434)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	6,728	7,699
Current assets
Debtors	5	29,732	86,039
Cash at bank and in hand		45,508	10,648
		75,240	96,687
Creditors: Amounts falling due within one year	6	(68,915)	(91,534)
Net current assets		6,325	5,153
Total assets less current liabilities		13,053	12,852
Creditors: Amounts falling due after more than one year	6	(11,506)	(11,634)
Provisions for liabilities		(298)	(195)
Net assets		1,249	1,023
Capital and reserves
Called up share capital	8	100	100
Retained earnings		1,149	923
Shareholders' funds		1,249	1,023

For the financial year ending 31 March 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 October 2026 and signed on its behalf by:
 

J A Hawkins Director

Elate Global Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
71-75 Shelton Street
London
WC2H 9JQ

These financial statements were authorised for issue by the Board on 12 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Elate Global Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% p.a. on cost
Dedicated office space	10% p.a. on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons (including directors) employed by the company in the year, was 2 (2025: 2).

Elate Global Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2025	13,841	12,869	26,710
Additions	-	1,173	1,173
At 31 March 2026	13,841	14,042	27,883
Depreciation
At 1 April 2025	6,921	12,090	19,011
Charge for the year	1,384	760	2,144
At 31 March 2026	8,305	12,850	21,155
Carrying amount
At 31 March 2026	5,536	1,192	6,728
At 31 March 2025	6,920	779	7,699

Included within the net book value of land and buildings above is £5,536 (2025: £6,920) in respect of freehold land and buildings.
 

5

Debtors

Current	2026 £	2025 £
Trade debtors	27,139	20,033
Other debtors	2,593	66,006
	29,732	86,039

Details of non-current trade and other debtors

£Nil (2025: £47,723) of Other debtors is Loan to a director which is classified as non current.

£Nil (2025: £15,688) of Other debtors is Recoverable tax on loan to a director which is classified as non current.

Elate Global Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	7	2,485	2,016
Trade creditors		1,140	1,020
Taxation and social security		41,424	73,888
Accruals and deferred income		984	650
Other creditors		22,882	13,960
		68,915	91,534

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	7	11,506	11,634

7	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	11,506	11,634

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	2,485	2,016

Bank borrowings

Bank borrowings comprise a Bounce Back Loan which is denominated in sterling with a nominal interest rate of 2.5% applicable after the first year. Repayments are due monthly with the final instalment is due on 31 July 2031. The carrying amount at year end is £13,991 (2025: £13,650).

Elate Global Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
A ordinary shares of £1 each	80	80	80	80
B ordinary shares of £1 each	20	20	20	20
	100	100	100	100

9	Related party transactions

Transactions with directors

2026	At 1 April 2025 £	Repayments by director £	At 31 March 2026 £
J A Hawkins
Loan	44,264	(44,264)	-

2025	At 1 April 2024 £	At 31 March 2025 £
J A Hawkins
Loan	44,264	44,264