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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30TH JUNE 2018 |
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ELEVATE CORPORATION LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30TH JUNE 2018 |
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FOR |
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ELEVATE CORPORATION LIMITED |
ELEVATE CORPORATION LIMITED (REGISTERED NUMBER: 08557490) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Chartered Certified Accountants' Report | 5 |
ELEVATE CORPORATION LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH JUNE 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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3rd Floor, Hanover House |
118 Queens Road |
Brighton |
East Sussex |
BN1 3XG |
ELEVATE CORPORATION LIMITED (REGISTERED NUMBER: 08557490) |
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BALANCE SHEET |
30TH JUNE 2018 |
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30.6.18 | 30.6.17 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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ELEVATE CORPORATION LIMITED (REGISTERED NUMBER: 08557490) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2018 |
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1. | STATUTORY INFORMATION |
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Elevate Corporation Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st July 2017 |
and 30th June 2018 |
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NET BOOK VALUE |
At 30th June 2018 |
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At 30th June 2017 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Registered office: |
Nature of business:
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Class of shares: | holding |
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30.6.18 | 30.6.17 |
£ | £ |
Aggregate capital and reserves | ( |
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Loss for the year | ( |
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Registered office: |
Nature of business:
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% |
Class of shares: | holding |
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30.6.18 | 30.6.17 |
£ | £ |
Aggregate capital and reserves | ( |
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Loss for the year | ( |
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ELEVATE CORPORATION LIMITED (REGISTERED NUMBER: 08557490) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2018 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.18 | 30.6.17 |
£ | £ |
Amounts owed by group undertakings |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.18 | 30.6.17 |
£ | £ |
Other creditors |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.18 | 30.6.17 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30th June 2018 and |
30th June 2017: |
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30.6.18 | 30.6.17 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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8. | RELATED PARTY DISCLOSURES |
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Included within other creditors at the balance sheet date was an amount of £58,006 (2017 - £54,333) owing to |
Elevate Corporation Limited, the company's parent company. |
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Included within other debtors at the balance sheet date was an amount of £13,477 (2017 - £13,204) owing from |
Eyebrid Blaze Limited, a fellow subsidiary of the company. |
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9. | ULTIMATE CONTROLLING PARTY |
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The Director, Darrel Butlin, owns 90% of the issued share capital. |
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10. | GOING CONCERN |
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The director has received assurances that the company's creditors will not seek repayment of the amounts due for |
the foreseeable future. It has therefore been deemed appropriate to prepare the accounts on the going concern |
basis. |
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
ELEVATE CORPORATION LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Elevate Corporation Limited for the year ended 30th June 2018 which comprise the Income |
Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records |
and from information and explanations you have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the Board of Directors of Elevate Corporation Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Elevate Corporation Limited and state those matters that we have agreed to state to the Board of Directors of Elevate Corporation Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Elevate Corporation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Elevate Corporation Limited. You consider that Elevate Corporation Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Elevate Corporation Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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3rd Floor, Hanover House |
118 Queens Road |
Brighton |
East Sussex |
BN1 3XG |
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