Registered number
04432822
Emdells Limited
Report and Accounts
31 March 2023
Emdells Limited
Registered number: 04432822
Balance Sheet
as at 31 March 2023
31st March 31st March
Notes 2023 2022
£ £
Fixed assets
Investments 3 14,264 28,336
Current assets
Debtors 4 27,946 12,682
Cash at bank and in hand 712,843 656,309
740,789 668,991
Creditors: amounts falling due within one year 5 (1,066,580) (969,251)
Net current liabilities (325,791) (300,260)
Total assets less current liabilities (311,527) (271,924)
Creditors: amounts falling due after more than one year 6 (20,250) (29,250)
Net liabilities (331,777) (301,174)
Capital and reserves
Called up share capital 2 2
Profit and loss account (331,779) (301,176)
Shareholder's funds (331,777) (301,174)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr JP Naylor
Director
Approved by the board on 17 November 2023
Emdells Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the receipt of rents, dividends, bank interest and sale of investments.
Investments
Investments in quoted equity instruments are measured at transaction price (which is usually the cost), less any impairment losses.
Debtors
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
31st March 31st March
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Investments Other
investments
£
Cost
At 1 April 2022 28,336
Disposals (14,072)
At 31 March 2023 14,264
31st March 31st March
4 Debtors 2023 2022
£ £
Amount owed by connected undertakings 25,264 10,000
Other debtors 2,682 2,682
27,946 12,682
31st March 31st March
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loan 9,000 9,000
Amounts owed to connected undertaking 1,052,399 955,913
Accrued expenses 5,181 4,338
1,066,580 969,251
6 Creditors: amounts falling due after one year
Bank loan 20,250 29,250
20,250 29,250
7 Related party transactions
Mr JP Naylor
Director
Monies owed by the director, JP Naylor at the year end
The loan is interest free
Amount due from the related party (2,682) (2,682)
Emdells Holdings Limited
Connected company
Mr JP Naylor, directors held the beneficial
interest in this business throughout the year and the previous year.
Amount due from the related party (25,264) (10,000)
Emdells Limited - Bahamas
Connected company
Mr JP Naylor, directors held the beneficial
interest in this business throughout the year and the previous year.
Amount due to the related party 1,052,399 955,913
8 Other information
Emdells Limited is a private company limited by shares and incorporated in England and Wales. The registered office is:
33a Castle Close
Hawarden
Deeside
CH5 QX
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