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REGISTERED NUMBER: 03602189 (England and Wales)















Emsar Commercial Limited

Unaudited Financial Statements

for the year ended

31 December 2022






Emsar Commercial Limited (Registered number: 03602189)

Contents of the Financial Statements
for the year ended 31 December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

Emsar Commercial Limited

Company Information
for the year ended 31 December 2022







DIRECTORS: J Bacon
D M Bacon





REGISTERED OFFICE: 6 The Old Church
St Matthews Road
Norwich
Norfolk
NR1 1SP





REGISTERED NUMBER: 03602189 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

Emsar Commercial Limited (Registered number: 03602189)

Balance Sheet
31 December 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,058 8,078
Investment property 5 617,500 557,500
623,558 565,578

CURRENT ASSETS
Debtors 6 21,059 21,866
Investments 7 14,707 14,707
Cash in hand 1,260 1,260
37,026 37,833
CREDITORS
Amounts falling due within one year 8 (109,242 ) (96,993 )
NET CURRENT LIABILITIES (72,216 ) (59,160 )
TOTAL ASSETS LESS CURRENT LIABILITIES 551,342 506,418

CREDITORS
Amounts falling due after more than one year 9 (183,615 ) (154,062 )

PROVISIONS FOR LIABILITIES (13,989 ) (14,373 )
NET ASSETS 353,738 337,983

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 111,249 111,249
Non-distributable reserves 54,729 54,729
Retained earnings 187,660 171,905
SHAREHOLDERS' FUNDS 353,738 337,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





J Bacon - Director


Emsar Commercial Limited (Registered number: 03602189)

Notes to the Financial Statements
for the year ended 31 December 2022


1. STATUTORY INFORMATION

Emsar Commercial Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 2 ) .

Emsar Commercial Limited (Registered number: 03602189)

Notes to the Financial Statements - continued
for the year ended 31 December 2022


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2022
and 31 December 2022 6,785 21,498 15,450 43,733
DEPRECIATION
At 1 January 2022 6,785 17,799 11,071 35,655
Charge for year - 925 1,095 2,020
At 31 December 2022 6,785 18,724 12,166 37,675
NET BOOK VALUE
At 31 December 2022 - 2,774 3,284 6,058
At 31 December 2021 - 3,699 4,379 8,078

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022 557,500
Additions 60,000
At 31 December 2022 617,500
NET BOOK VALUE
At 31 December 2022 617,500
At 31 December 2021 557,500

Fair value at 31 December 2022 is represented by:
£   
Valuation in 2015 53,902
Valuation in 2016 50,500
Valuation in 2020 30,566
Valuation in 2021 37,000
Cost 445,532
617,500

If investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 445,532 385,532

Investment property was valued on an open market basis on 31 December 2022 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 20,412 21,400
Other debtors 647 466
21,059 21,866

Emsar Commercial Limited (Registered number: 03602189)

Notes to the Financial Statements - continued
for the year ended 31 December 2022


7. CURRENT ASSET INVESTMENTS
2022 2021
£    £   
Unlisted investments 14,707 14,707

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 23,393 54,036
Taxation and social security 4,459 2,967
Other creditors 81,390 39,990
109,242 96,993

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 183,615 154,062

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the directors £72,145. (2021: £32,095)

At the end of the year the company was owed £20,412 (2021: £21,400) by associated companies which are under the control of the directors.

All loans are provided on an interest free basis with no set repayment terms.

During the year, the company charged rent of £44,550 (2021: £22,142) to companies under the control of the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Emsar Commercial Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Emsar Commercial Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Emsar Commercial Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Emsar Commercial Limited and state those matters that we have agreed to state to the Board of Directors of Emsar Commercial Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Emsar Commercial Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Emsar Commercial Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Emsar Commercial Limited. You consider that Emsar Commercial Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Emsar Commercial Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY


26 October 2023