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Company Registration No. 13152884 (England and Wales)
EMMRA Ltd Unaudited accounts for the year ended 31 January 2023
EMMRA Ltd Unaudited accounts Contents
Page
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EMMRA Ltd Company Information for the year ended 31 January 2023
Directors
Raphael Quillaud Marie Elisabeth Quillaud
Company Number
13152884 (England and Wales)
Registered Office
First Floor 129 High Street Guildford Surrey GU1 3AA United Kingdom
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EMMRA Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
108,460 
96,987 
Tangible assets
8,707 
795 
Investments
1,087,728 
1,117,299 
1,204,895 
1,215,081 
Current assets
Cash at bank and in hand
95,527 
33,568 
Creditors: amounts falling due within one year
(1,188,891)
(1,187,727)
Net current liabilities
(1,093,364)
(1,154,159)
Net assets
111,531 
60,922 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
111,431 
60,822 
Shareholders' funds
111,531 
60,922 
For the year ending 31 January 2023 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 27 October 2023 and were signed on its behalf by
Raphael Quillaud Director Company Registration No. 13152884
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EMMRA Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
EMMRA Ltd is a private company, limited by shares, registered in England and Wales, registration number 13152884. The registered office is First Floor, 129 High Street, Guildford, Surrey, GU1 3AA, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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% straight line
Computer equipment
25% straight line
Investments
Investments in shares are included at fair value.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost.
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EMMRA Ltd Notes to the Accounts for the year ended 31 January 2023
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign exchange
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.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's intangible fixed assets, tangible fixed assets and investments. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Tangible fixed assets (note 5) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
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EMMRA Ltd Notes to the Accounts for the year ended 31 January 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2022
96,987 
Revaluations
11,473 
At 31 January 2023
108,460 
Amortisation
At 1 February 2022
- 
At 31 January 2023
- 
Net book value
At 31 January 2023
108,460 
At 31 January 2022
96,987 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
- 
1,060 
1,060 
Additions
9,360 
- 
9,360 
At 31 January 2023
9,360 
1,060 
10,420 
Depreciation
At 1 February 2022
- 
265 
265 
Charge for the year
1,183 
265 
1,448 
At 31 January 2023
1,183 
530 
1,713 
Net book value
At 31 January 2023
8,177 
530 
8,707 
At 31 January 2022
- 
795 
795 
6
Investments
Other investments 
£ 
Valuation at 1 February 2022
1,117,299 
Additions
237,575 
Fair value adjustments
(12,984)
Disposals
(254,162)
Valuation at 31 January 2023
1,087,728 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,661 
2,068 
Taxes and social security
7,935 
4,689 
Loans from directors
1,177,295 
1,180,970 
1,188,891 
1,187,727 
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EMMRA Ltd Notes to the Accounts for the year ended 31 January 2023
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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