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Company Registration No. 12022942 (England and Wales)
EMIRU PROPERTIES LTD Unaudited accounts for the year ended 31 May 2024
EMIRU PROPERTIES LTD Unaudited accounts Contents
Page
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EMIRU PROPERTIES LTD Company Information for the year ended 31 May 2024
Director
Joseph Emmanuel Emiru
Company Number
12022942 (England and Wales)
Registered Office
90 BEXLEY ROAD ERITH KENT DA8 3SP ENGLAND
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EMIRU PROPERTIES LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
320,000 
258,000 
Current assets
Debtors
6,787 
6,469 
Cash at bank and in hand
4,626 
2,840 
11,413 
9,309 
Creditors: amounts falling due within one year
(862)
(830)
Net current assets
10,551 
8,479 
Total assets less current liabilities
330,551 
266,479 
Creditors: amounts falling due after more than one year
(320,000)
(258,000)
Net assets
10,551 
8,479 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
10,550 
8,478 
Shareholders' funds
10,551 
8,479 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 August 3034 and were signed on its behalf by
Joseph Emmanuel Emiru Director Company Registration No. 12022942
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EMIRU PROPERTIES LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
EMIRU PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 12022942. The registered office is 90 BEXLEY ROAD, ERITH, KENT, DA8 3SP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
258,000 
Net gain from fair value adjustments
62,000 
At 31 May 2024
320,000 
Investment property is included at market fair value. Anticipated gains on disposal of the property have not been recognised in the income statement. As such, no provision for Deferred taxation has been made.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,587 
2,469 
Other debtors
2,200 
4,000 
6,787 
6,469 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
487 
530 
Accruals
375 
300 
862 
830 
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EMIRU PROPERTIES LTD Notes to the Accounts for the year ended 31 May 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
186,462 
188,217 
Accruals
133,538 
69,783 
320,000 
258,000 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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