2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 350,000 350,000 350,000 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 09218958 2023-04-01 2024-03-31 09218958 2024-03-31 09218958 2023-03-31 09218958 2022-04-01 2023-03-31 09218958 2023-03-31 09218958 2022-03-31 09218958 bus:Director2 2023-04-01 2024-03-31 09218958 core:WithinOneYear 2024-03-31 09218958 core:WithinOneYear 2023-03-31 09218958 core:ShareCapital 2024-03-31 09218958 core:ShareCapital 2023-03-31 09218958 core:RetainedEarningsAccumulatedLosses 2024-03-31 09218958 core:RetainedEarningsAccumulatedLosses 2023-03-31 09218958 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 09218958 core:Non-currentFinancialInstruments 2024-03-31 09218958 core:Non-currentFinancialInstruments 2023-03-31 09218958 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 09218958 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 09218958 bus:SmallEntities 2023-04-01 2024-03-31 09218958 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09218958 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09218958 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09218958 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 09218958
Emberton Developments Limited
Unaudited financial statements
31 March 2024
Emberton Developments Limited
Statement of financial position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
350,000
350,000
Investments
6
100
100
---------
---------
350,100
350,100
Current assets
Debtors
7
23,961
Cash at bank and in hand
135,666
10,460
---------
-------
159,627
10,460
Creditors: Amounts falling due within one year
8
( 136,940)
( 53,453)
---------
-------
Net current assets/(liabilities)
22,687
( 42,993)
---------
---------
Total assets less current liabilities
372,787
307,107
Provisions
Taxation including deferred tax
( 35,133)
---------
---------
Net assets
337,654
307,107
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
337,554
307,007
---------
---------
Shareholder funds
337,654
307,107
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Emberton Developments Limited
Statement of financial position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 22 July 2024 , and are signed on behalf of the board by:
R M Emberton
Director
Company registration number: 09218958
Emberton Developments Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales, company number: 09218958 . The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA. The trading address is Kelvin Place, Thetford, Norfolk, IP24 3RR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of employees during the year was 2 (2023: 1 ).
5. Tangible assets
Investment property
£
Cost
At 1 April 2023 and 31 March 2024
350,000
---------
Depreciation
At 1 April 2023 and 31 March 2024
---------
Carrying amount
At 31 March 2024
350,000
---------
At 31 March 2023
350,000
---------
The company's investment property is measured at fair value, based on an open market basis by the director.
6. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
100
----
Impairment
At 1 April 2023 and 31 March 2024
----
Carrying amount
At 31 March 2024
100
----
At 31 March 2023
100
----
7. Debtors
2024
2023
£
£
Other debtors
23,961
-------
----
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
131,970
26,413
Social security and other taxes
4,970
Other creditors
27,040
---------
-------
136,940
53,453
---------
-------
9. Directors' advances, credits and guarantees
Included within debtors at the year end is a directors loan account of £23,961 (2023: £Nil). Interest of £76 was charged at the official rate (2023: £Nil). The maximum overdrawn balance during the year was £23,961 (2023: £Nil).