Name: ELENA RAYCHEVA

Name: PHELICIA PROPERTY INVESTMENTS LIMITED

Date of Birth: 31 / 7 / 1978

Date Order Starts: 27 / 10 / 2026

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 10850582

Last Known Address: 13 Cassilis Road, , , , LONDON, E14 9BS

Conduct: On 01 June 2020, Elena Vasileva Raycheva (“Ms Raycheva”) caused Phelicia Property Investments Ltd (“PPI”) to breach the Terms and Conditions of the Bounce Back Loan (“BBL”) Scheme by making a declaration that she knew or ought to have known was incorrect regarding PPI’s turnover in order to obtain a £37,500 BBL. As a result, PPI received a BBL to which it was not entitled. In that: - Under the BBL scheme, businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover. The turnover figure was self-certified by the applicant. The turnover figure required was that for the calendar year 2019, or where a business was established after 01 January 2019, an estimated turnover could be used. - PPI was incorporated on 05 July 2017, and started trading in June 2018. - On 01 June 2020, Ms Raycheva submitted an application to obtain a £37,500 BBL on behalf of PPI, declaring that its turnover for the calendar year 2019 was £150,000. The BBL funds were paid into PPI’s bank account on 02 June 2020.    - Company accounts approved by the Board and signed by Ms Raycheva on 21 March 2021, show that PPI had a turnover of £3,737 for the accounting year ending 31 March 2019 and £664 for the accounting year ending 31 March 2020. - Analysis of PPI’s bank account shows that between 01 January 2019 and 31 December 2019, PPI received a total of £600.30 of trading and sales income, and as such was not entitled to a BBL of any amount. - PPI entered liquidation on 11 July 2022 with liabilities totalling £150,183.16 of which £35,934.16 was owed in respect of the BBL. 

This information is correct as at 9 / 10 / 2026

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