ELITE PROPERTY MANAGEMENT (BHAM) LTD

ELITE PROPERTY MANAGEMENT (BHAM) LTD

ELITE PROPERTY MANAGEMENT (BHAM) LTD - Company Information

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Company Registration No. 10867095 (England and Wales)
ELITE PROPERTY MANAGEMENT (BHAM) LTD Unaudited accounts for the year ended 31 March 2022
ELITE PROPERTY MANAGEMENT (BHAM) LTD Unaudited accounts Contents
Page
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ELITE PROPERTY MANAGEMENT (BHAM) LTD Company Information for the year ended 31 March 2022
Directors
Mr Shoukat Ali Mrs Zainab Shoukat Mr Liaqat Ali Mrs Shazma Choudry
Company Number
10867095 (England and Wales)
Registered Office
5 HIGHGATE BUSINESS CENTRE HIGHGATE ROAD BIRMINGHAM B12 8EA ENGLAND
Accountants
Mayfield 1st Floor, 5 Highgate Business Centre Highgate Road Birmingham B12 8EA
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ELITE PROPERTY MANAGEMENT (BHAM) LTD Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Debtors
4
115,933 
64,376 
Cash at bank and in hand
3,264 
10,372 
119,197 
74,748 
Creditors: amounts falling due within one year
5
(16,650)
(27,504)
Net current assets
102,547 
47,244 
Total assets less current liabilities
102,547 
47,244 
Creditors: amounts falling due after more than one year
6
(104,851)
(50,000)
Net liabilities
(2,304)
(2,756)
Capital and reserves
Called up share capital
7
100 
100 
Profit and loss account
(2,404)
(2,856)
Shareholders' funds
(2,304)
(2,756)
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 January 2023 and were signed on its behalf by
Mr Shoukat Ali Director Company Registration No. 10867095
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ELITE PROPERTY MANAGEMENT (BHAM) LTD Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
ELITE PROPERTY MANAGEMENT (BHAM) LTD is a private company, limited by shares, registered in England and Wales, registration number 10867095. The registered office is 5 HIGHGATE BUSINESS CENTRE, HIGHGATE ROAD, BIRMINGHAM, B12 8EA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents total rent invoiced during the period
4
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,948 
2,151 
Other debtors
- 
62,225 
1,948 
64,376 
Amounts falling due after more than one year
Other debtors
113,985 
- 
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
- 
301 
Taxes and social security
16,650 
15,438 
Loans from directors
- 
11,765 
16,650 
27,504 
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
50,000 
50,000 
Loans from directors
54,851 
- 
104,851 
50,000 
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ELITE PROPERTY MANAGEMENT (BHAM) LTD Notes to the Accounts for the year ended 31 March 2022
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 5 (2021: 5).
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