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REGISTERED NUMBER: 13260477 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Emisphere Proprety Ltd

Emisphere Proprety Ltd (Registered number: 13260477)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Emisphere Proprety Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr E I Radan
Mrs A A Radan





REGISTERED OFFICE: 14 Chestnut Drive
Harrow
Middlesex
HA3 7DJ





REGISTERED NUMBER: 13260477 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

Emisphere Proprety Ltd (Registered number: 13260477)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 691,969 692,663

CURRENT ASSETS
Cash at bank and in hand 2,585 3,610

CREDITORS
Amounts falling due within one
year

5

304,014

291,284
NET CURRENT LIABILITIES (301,429 ) (287,674 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,540

404,989

CREDITORS
Amounts falling due after more
than one year

6

413,482

413,482
NET LIABILITIES (22,942 ) (8,493 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (23,042 ) (8,593 )
SHAREHOLDERS' FUNDS (22,942 ) (8,493 )

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

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

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 29 November 2023 and were signed on its behalf by:




Mr E I Radan - Director


Emisphere Proprety Ltd (Registered number: 13260477)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Emisphere Proprety Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.
At the balance sheet date, the company's liabilities for the period from 1 April 2022 to 31 March 2023 exceed its assets. The director of the company has sought assurance from the creditors that their debts will not be called in within the next twelve months.
The director has been therefore deemed it appropriate that the financial statements be prepared on the going concern basis.

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 - in accordance with the property

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.

3. EMPLOYEES AND DIRECTORS

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

Emisphere Proprety Ltd (Registered number: 13260477)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2022
and 31 March 2023 693,356
DEPRECIATION
At 1 April 2022 693
Charge for year 694
At 31 March 2023 1,387
NET BOOK VALUE
At 31 March 2023 691,969
At 31 March 2022 692,663

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other loans 13,184 13,184
Trade creditors 590 -
Other creditors 20,000 20,000
Directors' current accounts 269,640 257,620
Accrued expenses 600 480
304,014 291,284

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other loans more 5yrs instal 413,482 413,482

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 413,482 413,482

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 April 2022 (8,593 )
Deficit for the year (14,449 )
At 31 March 2023 (23,042 )

Emisphere Proprety Ltd (Registered number: 13260477)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. RELATED PARTY DISCLOSURES

During the year, no dividend was paid to the directors.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors of the company.