EMERALD CORPORATE GROUP LTD.

Company Registration Number:
11934108 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2022

Period of accounts

Start date: 1 May 2021

End date: 30 April 2022

EMERALD CORPORATE GROUP LTD.

Contents of the Financial Statements

for the Period Ended 30 April 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

EMERALD CORPORATE GROUP LTD.

Directors' report period ended 30 April 2022

The directors present their report with the financial statements of the company for the period ended 30 April 2022

Directors

The director shown below has held office during the whole of the period from
1 May 2021 to 30 April 2022

HERVE S. MAMA


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
1 May 2022

And signed on behalf of the board by:
Name: HERVE S. MAMA
Status: Director

EMERALD CORPORATE GROUP LTD.

Profit And Loss Account

for the Period Ended 30 April 2022

2022 2021


£

£
Turnover: 15,000,000 5,250,000
Cost of sales: ( 13,500,000 ) ( 5,000,000 )
Gross profit(or loss): 1,500,000 250,000
Distribution costs: 0
Administrative expenses: ( 1,778,326 ) ( 455,197 )
Other operating income: 400,000 300,000
Operating profit(or loss): 121,674 94,803
Profit(or loss) before tax: 121,674 94,803
Tax: ( 25,000 ) ( 20,000 )
Profit(or loss) for the financial year: 96,674 74,803

EMERALD CORPORATE GROUP LTD.

Balance sheet

As at 30 April 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 351,386 343,674
Investments: 4 9,700,025 3,789,025
Total fixed assets: 10,051,411 4,132,699
Current assets
Stocks: 5 2 57,612
Debtors: 6 500,000 32,887
Total current assets: 500,002 90,499
Creditors: amounts falling due within one year: 7 ( 2 ) ( 119,420 )
Net current assets (liabilities): 500,000 (28,921)
Total assets less current liabilities: 10,551,411 4,103,778
Total net assets (liabilities): 10,551,411 4,103,778
Capital and reserves
Called up share capital: 10,000,000 4,000,000
Share premium account: 461,411
Other reserves: 100,000
Profit and loss account: 90,000 3,778
Total Shareholders' funds: 10,551,411 4,103,778

The notes form part of these financial statements

EMERALD CORPORATE GROUP LTD.

Balance sheet statements

For the year ending 30 April 2022 the company was entitled to exemption 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.

This report was approved by the board of directors on 1 May 2022
and signed on behalf of the board by:

Name: HERVE S. MAMA
Status: Director

The notes form part of these financial statements

EMERALD CORPORATE GROUP LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Revenue from a contract to provide services is recognised in the period in which the services are provides in accordance with the stage of completion of the contract when all the following conditions are satisfied:-the amount of revenue can be measured reliably;-it is probable that the company will receive the consideration due under the contract- the stage of completion of the contract at the end of the reporting period can be measured reliably; and- the cost incurred and the cost to complete the contract can be measured reliably.THE SICA ADVISORS CAPITAL LIMITED works by the percentage of completion method, which has allowed us to obtain a certain amount of revenue on a project basis as follows:- We still are on The royal field park project West Africa we have moved on to the first phase of the project, which is to find the plot of land and proceed with the earthworks in order to make some soil and environmental studies as well as the designing and architecture task, we achieved amont equivalent to £13500 000.- With regard to The EKABO project, for finding the plot of land and proceed with the earthworks in order to make some soil and environmental studies as well the project conceptions, we achieved amount equivalent to £1500 000 which equals a total of £15 000 000.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

EMERALD CORPORATE GROUP LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 20 10

    The UK staff based in London office has been 4 and the staff out of UK is about 12 persons in France and London.

EMERALD CORPORATE GROUP LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2021 200,000 0 143,674 0 0 343,674
Additions 0 0 7,712 0 0 7,712
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 April 2022 200,000 0 151,386 0 0 351,386
Depreciation
At 1 May 2021 0 0 0 0 0 0
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 30 April 2022 0 0 0 0 0 0
Net book value
At 30 April 2022 200,000 0 151,386 0 0 351,386
At 30 April 2021 200,000 0 143,674 0 0 343,674

EMERALD CORPORATE GROUP LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2022

4. Fixed assets investments note

Tangible fixed assets are initially measured at cost and subsequently measured atcost or valuation, net of depreciation and any impairment losses.

EMERALD CORPORATE GROUP LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2022

5. Stocks

2022 2021
£ £
Stocks 2 57,612
Total 2 57,612

EMERALD CORPORATE GROUP LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2022

6. Debtors

2022 2021
£ £
Trade debtors 500,000 32,887
Total 500,000 32,887

EMERALD CORPORATE GROUP LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2022

7. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 119,420
Taxation and social security 2
Total 2 119,420

EMERALD CORPORATE GROUP LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2022

8. Financial Commitments

The company only enter into basic financial instrument transactions that result in therecognition of financial assets and liabilities like trade and other debtors andcreditors, loans from banks and other third parties, loans to related parties andinvestments in ordinary shares.Debt instruments (other than those wholly repayable or receivable within one year),including loans and other accounts receivable and payable, are initially measured atpresent value of the future cash flows and subsequently at amortised cost using theeffective interest method. Debt instruments that are payable or receivable within oneyear, typically trade debtors and creditors, are measured, initially and subsequently,at the undiscounted amount of the cash or other consideration expected to be paidor received. However, if the arrangements of a short-term instrument constitute afinancing transaction, like the payment of a trade debt de and subsequently ferredbeyond normal business term or in case of an out-righ short-term loan that is not atmarket rate, the financial asset or liability is measured, initially at the present valueof future cash flows discounted at market rate of interest for a similar debt instrumentand subsequently at amortised cost, unless it qualities as a loan from a director incase of a small compny, or a public benefit entity concessionary loan.