Elite SPV1 Limited
Elite SPV1 Limited
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Statement of Financial Position | 1—2 |
Notes to the Financial Statements | 3—5 |
2020 | 2019 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 6 |
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NET LIABILITIES |
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CAPITAL AND RESERVES | |||||
Called up share capital | 8 |
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Income Statement |
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SHAREHOLDERS' FUNDS | (123,324) | (127,089) | |||
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
Director
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Investment Properties | |
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Cost | |
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Net Book Value | |
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Investment Properties | |
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At cost | 812,775 |
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As at
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At cost | 812,775 |
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2020 | 2019 | ||
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£ | £ | ||
Due within one year | |||
Prepayments and accrued income |
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Other debtors |
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£ | £ | ||
Trade creditors |
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Other creditors |
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Accruals and deferred income |
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Director's loan account |
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£ | £ | ||
Bank loans |
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2020 | 2019 | ||
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£ | £ | ||
Bank loans and overdrafts | 548,755 | 548,756 |
2020 | 2019 | ||
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£ | £ | ||
Bank loans and overdrafts | 548,755 | 548,756 |
C Hutchings
Director and Shareholder
Mr Hutchings lent funds to the company on an interest free, unsecured basis which is repayable on demand. The director has provided guarantees over borrowings of £548,755 (2019: £544,7356). At 31 March 2020 the balance owed to C Hutchings amounted to £2,896 (2019: £2,104).
The YRD Limited
Mr Hutchings, the company's director and shareholder, has a significant interest in The YRD Limited
The company has a loan balance with Elite SPV1 Limited on an interest free and unsecured basis which is repayable on demand. At 31 March 2020 the amount owed to The YRD Limited was £135,655 (2019: £136,225).
Elite Property Trading Ltd
Mr Hutchings, the company's director and shareholder, has a significant interest in Elite Property Trading Ltd
The company has a loan balance with Elite SPV1 Limited on an interest free and unsecured basis which is repayable on demand. At 31 March 2020 the amount owed to Elite Property Trading Limited was £107,112 (2019: £110,027).