Emerging Property Limited 6984681 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is marketing and selling of property Digita Accounts Production Advanced 6.30.9574.0 true 6984681 2022-09-01 2023-08-31 6984681 2023-08-31 6984681 bus:OrdinaryShareClass1 2023-08-31 6984681 core:RetainedEarningsAccumulatedLosses 2023-08-31 6984681 core:ShareCapital 2023-08-31 6984681 core:CurrentFinancialInstruments 2023-08-31 6984681 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 6984681 bus:SmallEntities 2022-09-01 2023-08-31 6984681 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 6984681 bus:FilletedAccounts 2022-09-01 2023-08-31 6984681 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 6984681 bus:RegisteredOffice 2022-09-01 2023-08-31 6984681 bus:Director1 2022-09-01 2023-08-31 6984681 bus:Director2 2022-09-01 2023-08-31 6984681 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 6984681 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 6984681 bus:Agent1 2022-09-01 2023-08-31 6984681 countries:England 2022-09-01 2023-08-31 6984681 2021-09-01 2022-08-31 6984681 2022-08-31 6984681 bus:OrdinaryShareClass1 2022-08-31 6984681 core:RetainedEarningsAccumulatedLosses 2022-08-31 6984681 core:ShareCapital 2022-08-31 6984681 core:CurrentFinancialInstruments 2022-08-31 6984681 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 6984681

Emerging Property Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

Emerging Property Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 5

 

Emerging Property Limited

Company Information

Directors

A J Crump

M Crump

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Accountants

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Emerging Property Limited
for the Year Ended 31 August 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Emerging Property Limited for the year ended 31 August 2023 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Emerging Property Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Emerging Property Limited and state those matters that we have agreed to state to the Board of Directors of Emerging Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Emerging Property Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Emerging Property Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Emerging Property Limited. You consider that Emerging Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Emerging Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

15 April 2024

 

Emerging Property Limited

(Registration number: 6984681)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

2,993

2,993

Creditors: Amounts falling due within one year

5

(2,863)

(2,863)

Net assets

 

130

130

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

30

30

Shareholders' funds

 

130

130

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 April 2024 and signed on its behalf by:
 

.........................................
A J Crump
Director

 

Emerging Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

These financial statements were authorised for issue by the Board on 12 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Emerging Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

4

Debtors

Current

2023
£

2022
£

Other debtors

2,993

2,993

 

2,993

2,993

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

2,863

2,863

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100