Elite Southern Properties Limited - Accounts to registrar (filleted) - small 18.2
Elite Southern Properties Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2018 |
| for |
| Elite Southern Properties Limited |
| Elite Southern Properties Limited (Registered number: 05442084) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Elite Southern Properties Limited |
| Company Information |
| for the Year Ended 31 July 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 12a Marlborough Place |
| BRIGHTON |
| East Sussex |
| BN1 1WN |
| Elite Southern Properties Limited (Registered number: 05442084) |
| Balance Sheet |
| 31 July 2018 |
| 31.7.18 | 31.7.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Elite Southern Properties Limited (Registered number: 05442084) |
| Balance Sheet - continued |
| 31 July 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| Elite Southern Properties Limited (Registered number: 05442084) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2018 |
| 1. | STATUTORY INFORMATION |
| Elite Southern Properties Limited is a |
| and Wales. The company's registered number and registered office address can be found on the |
| Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Freehold property | - |
| Freehold property |
| The policy of not providing depreciation on freehold property is in accordance with the revaluation |
| model procedure laid down in Section 1A 'Small Entities' of Financial Reporting Standard 102 'The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland'. The policy is a departure |
| from the specific requirement of the Companies Act 2006 to provide depreciation on any fixed asset |
| which has a limited useful economic life. The departure from the Companies Act 2006 requirement |
| is for the overriding purpose of giving a true and fair view in accordance with Section 1A of |
| Financial Reporting Standard 102. |
| 3. | TANGIBLE FIXED ASSETS |
| Freehold |
| property |
| £ |
| COST |
| At 1 August 2017 |
| and 31 July 2018 |
| NET BOOK VALUE |
| At 31 July 2018 |
| At 31 July 2017 |
| Freehold property was revalued on 31 July 2017 by the directors, who are of the opinion that the |
| carrying value approximates the open market value at that date. |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.18 | 31.7.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Elite Frozen Foods Limited | 2,000 | 2,000 |
| Elite Southern Properties Limited (Registered number: 05442084) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2018 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.18 | 31.7.17 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Accrued expenses |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.7.18 | 31.7.17 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 200,957 | 200,957 |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.7.18 | 31.7.17 |
| £ | £ |
| Bank loans |
| The bank loan is secured by a first legal charge over the freehold property. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.7.18 | 31.7.17 |
| value: | £ | £ |
| Ordinary | £1 | 1,000 | 1,000 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 August 2017 |
| Profit for the year |
| At 31 July 2018 |
| Elite Southern Properties Limited (Registered number: 05442084) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2018 |
| 10. | RELATED PARTY DISCLOSURES |
| Included in the financial statements are the following transactions and balances with related |
| parties: |
| 31.7.17 | 31.7.16 |
| £ | £ |
| Elite Frozen Foods Limited, a company under common control: |
| Other operating income | 91,500 | 91,500 |
| Administrative expenses | 2,355 | 2,058 |
| Current assets: Debtors | 2,000 | - |
| Creditors: Amounts falling due within one year | - | 19,000 |
| Tailormade (Newhaven) Limited, a company under common control: |
| Other operating income | 30,000 | 30,000 |
| 11. | CONTROLLING PARTY |
| The company was controlled by its directors throughout the period. |