IRIS Accounts Production v23.4.0.336 08431155 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084311552022-03-31084311552023-03-31084311552022-04-012023-03-31084311552021-03-31084311552021-04-012022-03-31084311552022-03-3108431155ns15:EnglandWales2022-04-012023-03-3108431155ns14:PoundSterling2022-04-012023-03-3108431155ns10:Director12022-04-012023-03-3108431155ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3108431155ns10:SmallEntities2022-04-012023-03-3108431155ns10:AuditExemptWithAccountantsReport2022-04-012023-03-3108431155ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108431155ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3108431155ns10:FullAccounts2022-04-012023-03-3108431155ns10:Director22022-04-012023-03-3108431155ns10:RegisteredOffice2022-04-012023-03-3108431155ns5:CurrentFinancialInstruments2023-03-3108431155ns5:CurrentFinancialInstruments2022-03-3108431155ns5:Non-currentFinancialInstruments2023-03-3108431155ns5:Non-currentFinancialInstruments2022-03-3108431155ns5:ShareCapital2023-03-3108431155ns5:ShareCapital2022-03-3108431155ns5:RetainedEarningsAccumulatedLosses2023-03-3108431155ns5:RetainedEarningsAccumulatedLosses2022-03-3108431155ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108431155ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3108431155ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3108431155ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-03-3108431155ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3108431155ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3108431155ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3108431155ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-03-3108431155ns5:Secured2023-03-3108431155ns5:Secured2022-03-3108431155ns5:RetainedEarningsAccumulatedLosses2022-03-3108431155ns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 08431155 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

EMPEROR RESIDENTIAL 111 LIMITED

EMPEROR RESIDENTIAL 111 LIMITED (REGISTERED NUMBER: 08431155)

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










Page

Company Information 1

Report of the Accountants 2

Statement of Financial Position 3

Notes to the Financial Statements 5


EMPEROR RESIDENTIAL 111 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M Mehta
V Mehta





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 08431155 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

EMPEROR RESIDENTIAL 111 LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
EMPEROR RESIDENTIAL 111 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 Statement of Financial Position. 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.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


8 April 2024

EMPEROR RESIDENTIAL 111 LIMITED (REGISTERED NUMBER: 08431155)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,230,000 2,230,000

CURRENT ASSETS
Debtors 5 780,129 766,664
Cash at bank 16,616 14,911
796,745 781,575
CREDITORS
Amounts falling due within one year 6 257,163 270,308
NET CURRENT ASSETS 539,582 511,267
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,769,582

2,741,267

CREDITORS
Amounts falling due after more than one year 7 (1,180,210 ) (1,190,454 )

PROVISIONS FOR LIABILITIES (182,321 ) (182,321 )
NET ASSETS 1,407,051 1,368,492

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 1,406,951 1,368,392
SHAREHOLDERS' FUNDS 1,407,051 1,368,492

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.

EMPEROR RESIDENTIAL 111 LIMITED (REGISTERED NUMBER: 08431155)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 8 April 2024 and were signed on its behalf by:





M Mehta - Director


EMPEROR RESIDENTIAL 111 LIMITED (REGISTERED NUMBER: 08431155)

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


1. STATUTORY INFORMATION

Emperor Residential 111 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.

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 represents rent receivable, net of value added tax.

Turnover is recognised when the company has a right to consideration.

Investment property
Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2022 - 2 ) .

EMPEROR RESIDENTIAL 111 LIMITED (REGISTERED NUMBER: 08431155)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 2,230,000
NET BOOK VALUE
At 31 March 2023 2,230,000
At 31 March 2022 2,230,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2015 224,560
Valuation in 2016 740,835
Valuation in 2022 100,000
Cost 1,164,605
2,230,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by connected companies 779,329 764,164
Prepayments and accrued income 800 2,500
780,129 766,664

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,800 13,357
Tax 9,178 14,367
Directors' current accounts 219,965 203,150
Accrued expenses 16,220 39,434
257,163 270,308

EMPEROR RESIDENTIAL 111 LIMITED (REGISTERED NUMBER: 08431155)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 11,800 13,357
Bank loans - 2-5 years 38,367 38,367
Bank loans more 5 yr by instal 1,130,043 1,138,730
1,180,210 1,190,454

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,130,043 1,138,730

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,192,010 1,203,811

The bank loans are secured by a fixed and floating charge over the investment properties of the company, The rate of interest charged varies between 3.91% above base rate to 4.50% per annum. The loans are repayable over 25 years.

9. RESERVES
Retained
earnings
£   

At 1 April 2022 1,368,392
Profit for the year 38,559
At 31 March 2023 1,406,951

Retained earnings includes undistributable profit and loss reserve of £883,075 (2022: £883,075) relating to revaluation of investment properties.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed £219,965 (2022: £203,150) to the directors of the company. These amounts are repayable on demand.

EMPEROR RESIDENTIAL 111 LIMITED (REGISTERED NUMBER: 08431155)

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


11. 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.

At the year end the company was owed £624,050 (2022: owed £600,500) by Sterling Rose Developments Limited, a company in which one of the directors has material interest. The amount owed is interest free and receivable on demand.