IRIS Accounts Production v23.4.0.336 07331009 director 1.8.22 31.7.23 31.7.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073310092022-07-31073310092023-07-31073310092022-08-012023-07-31073310092021-07-31073310092021-08-012022-07-31073310092022-07-3107331009ns15:EnglandWales2022-08-012023-07-3107331009ns14:PoundSterling2022-08-012023-07-3107331009ns10:Director12022-08-012023-07-3107331009ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3107331009ns10:SmallEntities2022-08-012023-07-3107331009ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3107331009ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3107331009ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3107331009ns10:FullAccounts2022-08-012023-07-3107331009ns10:CompanySecretary12022-08-012023-07-3107331009ns10:RegisteredOffice2022-08-012023-07-3107331009ns5:CurrentFinancialInstruments2023-07-3107331009ns5:CurrentFinancialInstruments2022-07-3107331009ns5:Non-currentFinancialInstruments2023-07-3107331009ns5:Non-currentFinancialInstruments2022-07-3107331009ns5:ShareCapital2023-07-3107331009ns5:ShareCapital2022-07-3107331009ns5:RetainedEarningsAccumulatedLosses2023-07-3107331009ns5:RetainedEarningsAccumulatedLosses2022-07-3107331009ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3107331009ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3107331009ns5:Secured2023-07-3107331009ns5:Secured2022-07-31
REGISTERED NUMBER: 07331009 (England and Wales)
















EMERSON WILLIS DEVELOPMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






EMERSON WILLIS DEVELOPMENTS LTD (REGISTERED NUMBER: 07331009)






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


EMERSON WILLIS DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: D.W. Norton





SECRETARY: Ms S De Winter





REGISTERED OFFICE: 21 Lodge Lane
Grays
Essex
RM17 5RY





REGISTERED NUMBER: 07331009 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

EMERSON WILLIS DEVELOPMENTS LTD (REGISTERED NUMBER: 07331009)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,180,000 1,066,944

CURRENT ASSETS
Debtors 5 1,375 2,422
Cash at bank and in hand 19,589 15,685
20,964 18,107
CREDITORS
Amounts falling due within one year 6 541,904 535,811
NET CURRENT LIABILITIES (520,940 ) (517,704 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

659,060

549,240

CREDITORS
Amounts falling due after more than one
year

7

(150,410

)

(163,207

)

PROVISIONS FOR LIABILITIES (28,300 ) -
NET ASSETS 480,350 386,033

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 480,250 385,933
SHAREHOLDERS' FUNDS 480,350 386,033

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 director acknowledges his 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.

EMERSON WILLIS DEVELOPMENTS LTD (REGISTERED NUMBER: 07331009)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 April 2024 and were signed by:





D.W. Norton - Director


EMERSON WILLIS DEVELOPMENTS LTD (REGISTERED NUMBER: 07331009)

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

1. STATUTORY INFORMATION

Emerson Willis Developments 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.

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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis as the director has undertaken to provide continuing financial support to enable the company to meet its liabilities as they fall due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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).

EMERSON WILLIS DEVELOPMENTS LTD (REGISTERED NUMBER: 07331009)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 1,066,944
Revaluations 113,056
At 31 July 2023 1,180,000
NET BOOK VALUE
At 31 July 2023 1,180,000
At 31 July 2022 1,066,944

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2016 85,965
Valuation in 2023 113,056
Cost 980,979
1,180,000

Under FRS 102 section 1A, the director has taken advantage of revaluing the investment properties. Using the fair value accounting rule he has valued the properties at £1,180,000.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,121
Other debtors 1,375 1,301
1,375 2,422

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,986 16,339
Taxation and social security 5,547 3,347
Other creditors 520,371 516,125
541,904 535,811

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 150,410 163,207

EMERSON WILLIS DEVELOPMENTS LTD (REGISTERED NUMBER: 07331009)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 73,451 90,457

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 166,396 179,546

The bank mortgage is secured on the properties held by the company.