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REGISTERED NUMBER: 05536123 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2023

for

Emedlaw Limited

Emedlaw Limited (Registered number: 05536123)






Contents of the Financial Statements
for the Year Ended 31st August 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Emedlaw Limited (Registered number: 05536123)

Balance Sheet
31st August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 617,687 560,987
617,687 560,987

CURRENT ASSETS
Debtors 6 2,261 802
Cash at bank 16,273 30,735
18,534 31,537
CREDITORS
Amounts falling due within one year 7 344,995 317,068
NET CURRENT LIABILITIES (326,461 ) (285,531 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,226

275,456

CREDITORS
Amounts falling due after more than one year 8 241,269 241,269
NET ASSETS 49,957 34,187

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 48,957 33,187
SHAREHOLDERS' FUNDS 49,957 34,187

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

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

Emedlaw Limited (Registered number: 05536123)

Balance Sheet - continued
31st August 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 24th April 2024 and were signed by:





Dr R K Mohindra - Director


Emedlaw Limited (Registered number: 05536123)

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

1. COMPANY INFORMATION

Emedlaw Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05536123

Registered office: 63 Newlands Road
High West Jesmond
Newcastle Upon Tyne
Tyne and Wear
NE2 3NT

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rentals received are recognised on an accruals basis.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Emedlaw Limited (Registered number: 05536123)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st September 2022
and 31st August 2023 429
DEPRECIATION
At 1st September 2022
and 31st August 2023 429
NET BOOK VALUE
At 31st August 2023 -
At 31st August 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2022 560,987
Additions 52,200
Fair value adjustment 4,500
At 31st August 2023 617,687
NET BOOK VALUE
At 31st August 2023 617,687
At 31st August 2022 560,987

Investment properties comprise of five properties with an original cost of £507,266.

In accordance with FRS 102, the costs of obtaining an external valuation was considered to be undue for the company. As such, the fair value has been estimated by the director on the basis of the market value of similar properties in the same location as those held by the company.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 2,261 802

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Corporation tax payable 1,042 -
Directors' current accounts 342,944 316,474
Accrued expenses 1,009 594
344,995 317,068

Emedlaw Limited (Registered number: 05536123)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Other loans more 5yrs instal 241,269 241,269

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 241,269 241,269

The investment properties have legal charges held over the properties, as lodged at companies house.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1,000 Ordinary A £1 1,000 1,000

On 14 June 2023 the share capital was purchased by Peregal Property Limited.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2023 and 31st August 2022:

31.8.23 31.8.22
£    £   
Dr R K Mohindra
Balance outstanding at start of year (316,474 ) (276,162 )
Amounts repaid (26,470 ) (40,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (342,944 ) (316,474 )

The loan is repayable on demand and no interest was charged during the year.

11. CONTROL

On 14 June 2023 the share capital was purchased by Peregal Property Limited to become the parent company.

The company is under the ultimate control of Dr R Mohindra by virtue of his majority shareholding in the parent company.