3 01/04/2023 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08432981 2023-04-01 2024-03-31 08432981 2024-03-31 08432981 2023-03-31 08432981 2022-04-01 2023-03-31 08432981 2023-03-31 08432981 2022-03-31 08432981 bus:Director1 2023-04-01 2024-03-31 08432981 bus:Director3 2023-04-01 2024-03-31 08432981 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 08432981 core:WithinOneYear 2024-03-31 08432981 core:WithinOneYear 2023-03-31 08432981 core:ShareCapital 2024-03-31 08432981 core:ShareCapital 2023-03-31 08432981 core:RetainedEarningsAccumulatedLosses 2024-03-31 08432981 core:RetainedEarningsAccumulatedLosses 2023-03-31 08432981 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 08432981 bus:Director1 2023-03-31 08432981 bus:Director1 2024-03-31 08432981 bus:Director3 2023-03-31 08432981 bus:Director3 2024-03-31 08432981 bus:Director1 2022-03-31 08432981 bus:Director1 2023-03-31 08432981 bus:Director3 2022-03-31 08432981 bus:Director3 2023-03-31 08432981 bus:Director1 2022-04-01 2023-03-31 08432981 bus:Director3 2022-04-01 2023-03-31 08432981 bus:SmallEntities 2023-04-01 2024-03-31 08432981 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08432981 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08432981 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08432981 bus:FullAccounts 2023-04-01 2024-03-31 08432981 core:OtherMiscellaneousReserve 2024-03-31 08432981 core:OtherMiscellaneousReserve 2023-03-31
Company registration number: 08432981
A B Emery Estates Limited
Unaudited filleted financial statements
31 March 2024
A B Emery Estates Limited
Contents
Statement of financial position
Notes to the financial statements
A B Emery Estates Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 2,688,703 2,688,703
_________ _________
2,688,703 2,688,703
Current assets
Cash at bank and in hand 11,145 17,918
_________ _________
11,145 17,918
Creditors: amounts falling due
within one year 6 ( 1,736,386) ( 1,811,633)
_________ _________
Net current liabilities ( 1,725,241) ( 1,793,715)
_________ _________
Total assets less current liabilities 963,462 894,988
Provisions for liabilities ( 87,370) ( 87,370)
_______ _______
Net assets 876,092 807,618
_______ _______
Capital and reserves
Called up share capital 100 100
Other reserves 530,074 530,074
Profit and loss account 345,918 277,444
_______ _______
Shareholders funds 876,092 807,618
_______ _______
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 members have 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.
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 statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 September 2024 , and are signed on behalf of the board by:
C. A. Emery
Director
Company registration number: 08432981
A B Emery Estates 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. The address of the registered office is Mill View, Church Lane, White Roding, Dunmow, Essex, CM6 1RL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for rental income, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other receivables and payables. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
Freehold property Total
£ £
Cost
At 1 April 2023 and 31 March 2024 2,688,703 2,688,703
_________ _________
Depreciation
At 1 April 2023 and 31 March 2024 - -
_________ _________
Carrying amount
At 31 March 2024 2,688,703 2,688,703
_________ _________
At 31 March 2023 2,688,703 2,688,703
_________ _________
Investment property
The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors, who have good knowledge of local property markets.
6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors - 1,052
Corporation tax 19,588 13,735
Social security and other taxes 3,010 3,701
Other creditors 1,713,788 1,793,145
_________ _________
1,736,386 1,811,633
_________ _________
7. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
C. A. Emery & B. J. Emery ( 1,574,044) ( 15,356) 67,270 ( 1,522,130)
C. Emery ( 215,201) ( 8,934) 36,257 ( 187,878)
_________ _______ _______ _________
( 1,789,245) ( 24,290) 103,527 ( 1,710,008)
_________ _______ _______ _________
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
C. A. Emery & B. J. Emery ( 1,604,746) ( 38,927) 69,629 ( 1,574,044)
C. Emery ( 231,796) ( 18,374) 34,969 ( 215,201)
_________ _______ _______ _________
( 1,836,542) ( 57,301) 104,598 ( 1,789,245)
_________ _______ _______ _________