Emdells Holdings Limited |
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Notes to the Accounts |
for the year ended 31 March 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the receipt of bank interest. |
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Investments |
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Investments in non quoted equity instruments are measured at transaction price (which is usually the cost), less any impairment losses. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price including any transaction costs less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax assets and liabilities are not discounted. |
31st March |
31st March |
2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Investments |
Other |
investments |
£ |
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Cost |
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At 1 April 2022 |
104 |
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At 31 March 2023 |
104 |
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31st March |
31st March |
4 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Amount owed by connected undertaking |
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13,941 |
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- |
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13,941 |
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- |
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31st March |
31st March |
5 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Amounts owed to connected undertaking |
25,264 |
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10,000 |
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Accrued expenses |
320 |
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265 |
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Director's loan account |
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4 |
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4 |
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25,588 |
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10,269 |
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6 |
Related party transactions |
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Mr JP Naylor |
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Director |
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Monies owed by the director, JP Naylor at the year end |
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The loan is interest free |
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Amount due to the related party |
(4) |
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(4) |
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Emdells Limited |
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Connected company |
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Mr JP Naylor, directors held the beneficial |
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interest in this business throughout the year and the previous year. |
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Amount due to the related party |
(25,264) |
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(10,000) |
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Emdells Limited - Bahamas |
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Connected company |
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Mr JP Naylor, directors held the beneficial |
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interest in this business throughout the year and the previous year. |
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Amount due by the related party |
13,941 |
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- |
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7 |
Other information |
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Emdells Holdings Limited is a private company limited by shares and incorporated in England and Wales. The registered office is: |
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33a Castle Close |
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Hawarden |
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Deeside |
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CH5 3PP |