Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Ediz Cakin 19/03/2021 22 July 2024 The principal activity of the Company during the financial year was the development of building projects. 13277092 2024-03-31 13277092 bus:Director1 2024-03-31 13277092 2023-03-31 13277092 core:CurrentFinancialInstruments 2024-03-31 13277092 core:CurrentFinancialInstruments 2023-03-31 13277092 core:ShareCapital 2024-03-31 13277092 core:ShareCapital 2023-03-31 13277092 core:RetainedEarningsAccumulatedLosses 2024-03-31 13277092 core:RetainedEarningsAccumulatedLosses 2023-03-31 13277092 core:InvestmentPropertyIncludedWithinPPE 2023-03-31 13277092 core:InvestmentPropertyIncludedWithinPPE 2024-03-31 13277092 2023-04-01 2024-03-31 13277092 bus:FilletedAccounts 2023-04-01 2024-03-31 13277092 bus:SmallEntities 2023-04-01 2024-03-31 13277092 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13277092 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13277092 bus:Director1 2023-04-01 2024-03-31 13277092 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 13277092 (England and Wales)

EMOB PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

EMOB PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

EMOB PROPERTIES LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
EMOB PROPERTIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTOR Ediz Cakin
REGISTERED OFFICE Pkf Francis Clark
Tregolls Road
Truro
TR1 2NA
England
United Kingdom
COMPANY NUMBER 13277092 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
EMOB PROPERTIES LIMITED

BALANCE SHEET

As at 31 March 2024
EMOB PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 175,201 175,201
175,201 175,201
Current assets
Debtors 4 1 1
Cash at bank and in hand 1,680 1,000
1,681 1,001
Creditors: amounts falling due within one year 5 ( 173,168) ( 173,190)
Net current liabilities (171,487) (172,189)
Total assets less current liabilities 3,714 3,012
Net assets 3,714 3,012
Capital and reserves
Called-up share capital 1 1
Profit and loss account 3,713 3,011
Total shareholder's funds 3,714 3,012

For the financial 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.

Director's responsibilities:

The financial statements of EMOB Properties Limited (registered number: 13277092) were approved and authorised for issue by the Director on 22 July 2024. They were signed on its behalf by:

Ediz Cakin
Director
EMOB PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
EMOB PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

EMOB Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Pkf Francis Clark, Tregolls Road, Truro, TR1 2NA, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Investment property not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Tangible assets

Investment property Total
£ £
Cost
At 01 April 2023 175,201 175,201
At 31 March 2024 175,201 175,201
Accumulated depreciation
At 01 April 2023 0 0
At 31 March 2024 0 0
Net book value
At 31 March 2024 175,201 175,201
At 31 March 2023 175,201 175,201

4. Debtors

2024 2023
£ £
Other debtors 1 1

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 165 317
Other creditors 173,003 172,873
173,168 173,190

6. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Amounts owing to the director from the company 171,554 171,554