Company Registration No. 04758243 (England and Wales)
Elphian Limited
Unaudited accounts
for the year ended 31 May 2022
Elphian Limited
Unaudited accounts
Contents
Elphian Limited
Company Information
for the year ended 31 May 2022
Directors
E Hamilton
A Mitchell
Company Number
04758243 (England and Wales)
Registered Office
2 PAUL GARDENS
CROYDON
SURREY
CR0 5QL
Accountants
Milton & Co
International Accountants
2 Paul Gardens
Croydon
Surrey
CR0 5QL
Elphian Limited
Statement of financial position
as at
31 May 2022
Tangible assets
338,809
338,912
Cash at bank and in hand
46,786
56,813
Creditors: amounts falling due within one year
(3,945)
(3,645)
Net current assets
42,841
53,168
Total assets less current liabilities
381,650
392,080
Creditors: amounts falling due after more than one year
(132,864)
(136,424)
Net assets
248,786
255,656
Called up share capital
2
2
Revaluation reserve
280,000
280,000
Profit and loss account
(31,216)
(24,346)
Shareholders' funds
248,786
255,656
For the year ending 31 May 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 6 October 2022 and were signed on its behalf by
E Hamilton
Director
Company Registration No. 04758243
Elphian Limited
Notes to the Accounts
for the year ended 31 May 2022
Elphian Limited is a private company, limited by shares, registered in England and Wales, registration number 04758243. The registered office is 2 PAUL GARDENS, CROYDON, SURREY, CR0 5QL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing cost basis
Turnover is measured as the rent received for property that is owned by the Company at the fair value excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rent is recognised when the rents have been received from the tenants. All rents are due as per the AST agreements or commercial agreements.
The Directors do not recommend the payment of any Dividends. (2021 - nil)
The principal activity of the Company is that of property investment and lettings.
Elphian Limited
Notes to the Accounts
for the year ended 31 May 2022
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2021
338,500
2,310
340,810
At 31 May 2022
338,500
2,310
340,810
At 1 June 2021
-
1,898
1,898
Charge for the year
-
103
103
At 31 May 2022
-
2,001
2,001
At 31 May 2022
338,500
309
338,809
At 31 May 2021
338,500
412
338,912
5
Creditors: amounts falling due within one year
2022
2021
Other creditors
1,845
1,845
6
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
132,864
136,424
7
Share capital
2022
2021
Allotted, called up and fully paid:
1 Ordinary shares - E Hamilton of £1 each
1
1
1 Ordinary shares - A Mitchell of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).