Company registration number:
04622627
Companies House
Elender Properties Limited
Unaudited filleted financial statements
31 March 2023
Elender Properties Limited
Contents
Statement of financial position
Notes to the financial statements
Elender Properties Limited
Statement of financial position
31 March 2023
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31/03/23 |
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31/12/21 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
3,738 |
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2,700 |
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_______ |
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_______ |
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3,738 |
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2,700 |
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Current assets |
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Debtors |
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6 |
117,932 |
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91,689 |
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Cash at bank and in hand |
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161,234 |
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801 |
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_______ |
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_______ |
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279,166 |
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92,490 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
227,741) |
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(
276,190) |
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_______ |
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_______ |
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Net current assets/(liabilities) |
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51,425 |
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(
183,700) |
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_______ |
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_______ |
Net assets/(liabilities) |
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55,163 |
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(
181,000) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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8 |
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1 |
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1 |
Profit and loss account |
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55,162 |
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(
181,001) |
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_______ |
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_______ |
Shareholder funds/(deficit) |
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55,163 |
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(
181,000) |
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_______ |
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_______ |
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For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
21 June 2023
, and are signed on behalf of the board by:
Mr Simon Bullingham
Director
Company registration number:
04622627
Elender Properties Limited
Notes to the financial statements
Period ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office and the business address is 5 Tebbit Mews, Winchcombe Street, Cheltenham, Gloucestershire, GL52 2NF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity, and are rounded to the nearest £1.
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Plant and machinery |
- |
20 % |
straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
Debtors receivable and creditors payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
1
(2021:
1
).
5.
Tangible assets
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Plant and machinery |
Total |
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£ |
£ |
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Cost |
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At 1 January 2022 |
3,375 |
3,375 |
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Additions |
2,511 |
2,511 |
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_______ |
_______ |
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At 31 March 2023 |
5,886 |
5,886 |
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_______ |
_______ |
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Depreciation |
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At 1 January 2022 |
675 |
675 |
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Charge for the year |
1,473 |
1,473 |
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_______ |
_______ |
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At 31 March 2023 |
2,148 |
2,148 |
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_______ |
_______ |
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Carrying amount |
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At 31 March 2023 |
3,738 |
3,738 |
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_______ |
_______ |
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At 31 December 2021 |
2,700 |
2,700 |
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_______ |
_______ |
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6.
Debtors
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31/03/23 |
31/12/21 |
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£ |
£ |
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Trade debtors |
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558 |
558 |
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Prepayments and accrued income |
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- |
339 |
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Other debtors |
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117,374 |
90,792 |
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_______ |
_______ |
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117,932 |
91,689 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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31/03/23 |
31/12/21 |
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£ |
£ |
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Trade creditors |
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4,801 |
384 |
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Accruals and deferred income |
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2,730 |
2,375 |
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Corporation tax |
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17,149 |
- |
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Director loan accounts |
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103,699 |
196,115 |
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Other creditors |
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99,362 |
77,316 |
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_______ |
_______ |
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227,741 |
276,190 |
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_______ |
_______ |
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8.
Called up share capital
Issued, called up and fully paid
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31/03/23 |
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31/12/21 |
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No |
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£ |
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No |
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£ |
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Ordinary shares of £
1.00 each |
|
1 |
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1 |
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1 |
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1 |
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_______ |
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_______ |
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_______ |
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_______ |
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