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REGISTERED NUMBER: 09053037 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

EMME-E GROUP LIMITED

EMME-E GROUP LIMITED (REGISTERED NUMBER: 09053037)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EMME-E GROUP LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: C Cornini
Mrs M G Audino





REGISTERED OFFICE: 38 Craven Street
London
WC2N 5NG





REGISTERED NUMBER: 09053037 (England and Wales)





ACCOUNTANTS: B&P Tax Legal Finance LLP
38 Craven Street
London
WC2N 5NG

EMME-E GROUP LIMITED (REGISTERED NUMBER: 09053037)

Balance Sheet
31 MARCH 2023

2023 2022
Notes $    $   
FIXED ASSETS
Investments 4 3,033,721 3,033,721

CURRENT ASSETS
Debtors 5 9,651,407 9,688,969
Cash at bank 8,866 38,330
9,660,273 9,727,299
CREDITORS
Amounts falling due within one year 6 (733,377 ) (646,082 )
NET CURRENT ASSETS 8,926,896 9,081,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,960,617

12,114,938

CREDITORS
Amounts falling due after more than one year 7 (11,814,850 ) (11,833,750 )
NET ASSETS 145,767 281,188

CAPITAL AND RESERVES
Called up share capital 1,000,000 1,000,000
Retained earnings 8 (854,233 ) (718,812 )
145,767 281,188

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

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

EMME-E GROUP LIMITED (REGISTERED NUMBER: 09053037)

Balance Sheet - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





C Cornini - Director


EMME-E GROUP LIMITED (REGISTERED NUMBER: 09053037)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Emme-e Group 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.

2. ACCOUNTING POLICIES

Basis of preparation
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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost. If there is objective evidence of impairment, an impairment loss is immediately recognized.

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.

Going concern
The Company's shareholder has confirmed that it will continue to provide the financial resources necessary for the Company to meet its financial commitments as they fall due for at least twelve months from the date of approval of these financial statements. Therefore the director considers it appropriate that the financial
statements are prepared on a going concern basis.

EMME-E GROUP LIMITED (REGISTERED NUMBER: 09053037)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Financial liabilities
The company's financial liabilities comprise of basic financial liabilities, including trade and other payables. These are initially recognised at transaction price.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled, or expires.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
$    $    $   
COST
At 1 April 2022
and 31 March 2023 2,887,000 146,721 3,033,721
NET BOOK VALUE
At 31 March 2023 2,887,000 146,721 3,033,721
At 31 March 2022 2,887,000 146,721 3,033,721

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
$    $   
Amounts owed by group undertakings 650,705 642,557
Amounts owed by joint ventures 8,904,769 8,927,700
Other debtors 95,933 118,712
9,651,407 9,688,969

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
$    $   
Trade creditors 22,038 17,862
Taxation and social security (768 ) (1,003 )
Other creditors 712,107 629,223
733,377 646,082

EMME-E GROUP LIMITED (REGISTERED NUMBER: 09053037)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
$    $   
Other creditors 11,814,850 11,833,750

8. RESERVES
Retained
earnings
$   

At 1 April 2022 (718,812 )
Deficit for the year (135,421 )
At 31 March 2023 (854,233 )

9. RELATED PARTY DISCLOSURES

At the end of the year, the loan due from the MFC Holding Limited, where the company holds 50% interest, amounted to $8,904,768.51 (2022: $8,927,700). This loan is repayable on demand and non-interest bearing.

At the end of the year, an amount of $11,814,850.38 (2022: $11,833,749.93 ) was owed to the shareholder and an amount of $636,613.37 (2022: $574,572.07 ) was owed to shareholder's close family member . These amounts are non-interest bearing with no fixed repayments.

An amount of $59,181.18 was net wages balance payable to shareholder.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms E Flammini.