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REGISTERED NUMBER: 09654510 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

EMSEA GROUP LIMITED

EMSEA GROUP LIMITED (REGISTERED NUMBER: 09654510)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EMSEA GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: M Causer
C W Sweet





REGISTERED OFFICE: Unit 5 Green Lane
Tewkesbury
Gloucestershire
GL20 8HD





REGISTERED NUMBER: 09654510 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

EMSEA GROUP LIMITED (REGISTERED NUMBER: 09654510)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 627,242 641,693
Investments 5 100,000 100,000
727,242 741,693

CURRENT ASSETS
Debtors 6 377,709 307,709
Cash at bank 25,150 87,142
402,859 394,851
CREDITORS
Amounts falling due within one year 7 49,863 46,343
NET CURRENT ASSETS 352,996 348,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,080,238

1,090,201

CREDITORS
Amounts falling due after more than one
year

8

361,307

387,319
NET ASSETS 718,931 702,882

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 618,931 602,882
SHAREHOLDERS' FUNDS 718,931 702,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

EMSEA GROUP LIMITED (REGISTERED NUMBER: 09654510)

BALANCE SHEET - continued
31 JULY 2023


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 27 November 2023 and were signed on its behalf by:




M Causer - Director



C W Sweet - Director


EMSEA GROUP LIMITED (REGISTERED NUMBER: 09654510)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Emsea Group 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.

Preparation of consolidated financial statements
The financial statements contain information about Emsea Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

EMSEA GROUP LIMITED (REGISTERED NUMBER: 09654510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 August 2022
and 31 July 2023 722,509
DEPRECIATION
At 1 August 2022 80,816
Charge for year 14,451
At 31 July 2023 95,267
NET BOOK VALUE
At 31 July 2023 627,242
At 31 July 2022 641,693

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022
and 31 July 2023 100,000
NET BOOK VALUE
At 31 July 2023 100,000
At 31 July 2022 100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 377,709 307,709

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans 38,859 33,181
Taxation and social security 9,504 11,662
Other creditors 1,500 1,500
49,863 46,343

EMSEA GROUP LIMITED (REGISTERED NUMBER: 09654510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 361,307 387,319

Amounts falling due in more than five years:

Repayable by instalments
Bank loan - more than 5 years 195,872 248,594

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 400,166 420,500

The above mentioned secured debts are secured by way of debentures created 14 October 2015 and 1 March 2018. These are fixed charges over all and any assets of the company.

There is a cross guarantee of obligations between Emsea Limited and Emsea Group Limited.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

No single individual has overall control of the company.