Company Registration No. 4946538 (England and Wales)
Elite Leisure (Europe) Limited
Unaudited accounts
for the year ended 30 December 2022
Elite Leisure (Europe) Limited
Unaudited accounts
Contents
Elite Leisure (Europe) Limited
Company Information
for the year ended 30 December 2022
Company Number
4946538 (England and Wales)
Registered Office
127 Rose Drive
Chesham
Buckinghamshire
HP5 1RT
Accountants
Thursfields Accountancy Limited
Business Lodge, Trent House
234 Victoria Road
Stoke-on-Trent
Staffordshire
ST4 2LW
Elite Leisure (Europe) Limited
Statement of financial position
as at 30 December 2022
Cash at bank and in hand
41,254
36,040
Creditors: amounts falling due within one year
(129,488)
(39,379)
Net current assets
171,287
162,212
Total assets less current liabilities
172,697
162,966
Creditors: amounts falling due after more than one year
(1,733,430)
(1,766,350)
Net liabilities
(1,560,733)
(1,603,384)
Called up share capital
2
2
Profit and loss account
(1,560,735)
(1,603,386)
Shareholders' funds
(1,560,733)
(1,603,384)
For the year ending 30 December 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 25 September 2023 and were signed on its behalf by
M J D Ward
Director
Company Registration No. 4946538
Elite Leisure (Europe) Limited
Notes to the Accounts
for the year ended 30 December 2022
Elite Leisure (Europe) Limited is a private company, limited by shares, registered in England and Wales, registration number 4946538. The registered office is 127 Rose Drive , Chesham , Buckinghamshire , HP5 1RT.
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:
Computer equipment
50% reducing balance
During 2012 and 2013 all properties owned were repossessed by the banks. The only assets going forward that the company own is land were title is held but in some instances there are mortgages against title.
At present the directors are continuing to finance costs associated with the running of the company and therefore, the financial statements have been prepared on a going concern basis.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Elite Leisure (Europe) Limited
Notes to the Accounts
for the year ended 30 December 2022
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
1 Ordinary shares A class of £1 each
1
1
1 Ordinary shares B class of £1 each
1
1
6
Average number of employees
During the year the average number of employees was 1 (2021: 1).
