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REGISTERED NUMBER: 02703524 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

EMITOPTION LIMITED

EMITOPTION LIMITED (REGISTERED NUMBER: 02703524)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EMITOPTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: A J Smith
A M Milne
P Smith
E E Milne



SECRETARY: P Smith



REGISTERED OFFICE: New Meadow
Prinsted Lane
Prinsted
Emsworth
Hampshire
PO10 8HR



REGISTERED NUMBER: 02703524 (England and Wales)



ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE



BANKERS: HSBC Bank Plc
PO Box 160
12a North Street
Guildford
Surrey
GU1 4AF

EMITOPTION LIMITED (REGISTERED NUMBER: 02703524)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 331
Investments 5 1,109,600 1,109,600
1,109,600 1,109,931

CURRENT ASSETS
Debtors 6 - 200
Cash at bank and in hand 22,430 20,600
22,430 20,800
CREDITORS
Amounts falling due within one year 7 660 650
NET CURRENT ASSETS 21,770 20,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,131,370

1,130,081

CAPITAL AND RESERVES
Called up share capital 684 684
Other reserves 276 276
Retained earnings 1,130,410 1,129,121
SHAREHOLDERS' FUNDS 1,131,370 1,130,081

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 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 14 January 2024 and were signed on its behalf by:





A J Smith - Director


EMITOPTION LIMITED (REGISTERED NUMBER: 02703524)

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


1. STATUTORY INFORMATION

Emitoption 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.

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.

Turnover
Turnover represents amounts receivable for rents, management charges and consultancy fees net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33.3% straight line

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 - 2 ).

EMITOPTION LIMITED (REGISTERED NUMBER: 02703524)

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


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022
and 31 July 2023 3,974
DEPRECIATION
At 1 August 2022 3,643
Charge for year 331
At 31 July 2023 3,974
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 331

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 1,109,600
NET BOOK VALUE
At 31 July 2023 1,109,600
At 31 July 2022 1,109,600

Emitoption Limited owns 100% of the share capital in Emitoption Trading Limited.

Emitoption Limited owns 18.75% of the freehold shares in Chitlee Manor Residents Association Limited.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 660 650

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr. AJ Smith and Mr. AM Milne.

Emitoption Associates Limited is the immediate parent company owning 100% of the share capital in the company.