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Company Registration No. 13944382 (England and Wales)
EMEX PRO LTD Unaudited accounts for the year ended 29 February 2024
EMEX PRO LTD Unaudited accounts Contents
Page
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EMEX PRO LTD Company Information for the year ended 29 February 2024
Directors
Dr Reza Nasr Haleh Pahlevani
Company Number
13944382 (England and Wales)
Registered Office
20 Mulberry Close Barnet EN4 9PP United Kingdom
Accountants
Aidhan and Partners Simply Accountants Ltd 8 Devonshire Square London EC2M 4PL
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EMEX PRO LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,899 
1,506 
Investment property
808,002 
808,002 
844,901 
809,508 
Current assets
Debtors
2,547 
- 
Cash at bank and in hand
750 
2,349 
3,297 
2,349 
Creditors: amounts falling due within one year
(78)
(14,728)
Net current assets/(liabilities)
3,219 
(12,379)
Total assets less current liabilities
848,120 
797,129 
Creditors: amounts falling due after more than one year
(837,121)
(786,450)
Net assets
10,999 
10,679 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,899 
10,579 
Shareholders' funds
10,999 
10,679 
For the year ending 29 February 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 directors acknowledge their 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 of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by
Dr Reza Nasr Director Company Registration No. 13944382
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EMEX PRO LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
EMEX PRO LTD is a private company, limited by shares, registered in England and Wales, registration number 13944382. The registered office is 20 Mulberry Close, Barnet, EN4 9PP, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33%
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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EMEX PRO LTD Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
1,749 
- 
1,749 
Additions
- 
43,171 
43,171 
At 29 February 2024
1,749 
43,171 
44,920 
Depreciation
At 1 March 2023
243 
- 
243 
Charge for the year
583 
7,195 
7,778 
At 29 February 2024
826 
7,195 
8,021 
Net book value
At 29 February 2024
923 
35,976 
36,899 
At 28 February 2023
1,506 
- 
1,506 
5
Investment property
2024 
£ 
Fair value at 1 March 2023
808,002 
At 29 February 2024
808,002 
Investment properties were valued on an open market basis on 28 February 2023 by the directors who believe there was no movement in value.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
47 
- 
Amounts falling due after more than one year
Other debtors
2,500 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
78 
2,128 
Other creditors
- 
12,600 
78 
14,728 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
837,121 
786,450 
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EMEX PRO LTD Notes to the Accounts for the year ended 29 February 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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