Elite Serviced Homes Ltd. - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06740562 (England and Wales)

Cessation Financial Statements for the Year Ended 31 May 2023

for

ELITE SERVICED HOMES LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K J Bellamy

REGISTERED OFFICE:

1&2 Studley Court Mews

Studley Court

Guildford Road

Chobham

Surrey

GU24 8EB

REGISTERED NUMBER:

06740562 (England and Wales)

ACCOUNTANTS:

THB LLP

1 & 2 Studley Court Mews

Studley Court

Guildford Road

Chobham

Surrey

GU24 8EB

FIXED ASSETS

Tangible assets

4

877

1,169

CURRENT ASSETS

Debtors

5

47,997

37,226

Cash at bank

6,611

5,461

54,608

42,687

CREDITORS

Amounts falling due within one year

6

131,944

78,189

NET CURRENT LIABILITIES

(77,336

)

(35,502

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(76,459

)

(34,333

)

CREDITORS

Amounts falling due after more than one year

7

24,167

30,833

NET LIABILITIES

(100,626

)

(65,166

)

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

(101,626

)

(66,166

)

SHAREHOLDERS' FUNDS

(100,626

)

(65,166

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2024 and were signed by:

Mrs K J Bellamy - Director

1.	STATUTORY INFORMATION

Elite Serviced Homes Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current and deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2022

and 31 May 2023

42,124

DEPRECIATION

At 1 June 2022

40,955

Charge for year

292

At 31 May 2023

41,247

NET BOOK VALUE

At 31 May 2023

877

At 31 May 2022

1,169

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/23

31/5/22

£

£

Trade debtors

9,289

-

Amounts owed by group undertakings

32,000

32,000

Other debtors

6,708

5,226

47,997

37,226

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/23

31/5/22

£

£

Bank loans and overdrafts

10,000

10,000

Taxation and social security

-

2,504

Other creditors

121,944

65,685

131,944

78,189

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/23

31/5/22

£

£

Bank loans

24,167

30,833

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/23

31/5/22

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 June 2022

(66,166

)

Deficit for the year

(35,460

)

At 31 May 2023

(101,626

)