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REGISTERED NUMBER: 00189496 (England and Wales)


















EMERALDA LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






EMERALDA LTD (REGISTERED NUMBER: 00189496)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EMERALDA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C W Green
C V Green





SECRETARY: C V Green





REGISTERED OFFICE: Elfed House
Oak Tree Court, Mulberry Drive
Cardiff Gate Business Park
CARDIFF
CF23 8RS





REGISTERED NUMBER: 00189496 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

EMERALDA LTD (REGISTERED NUMBER: 00189496)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 6,019,670 5,718,432
Investment property 5 625,000 625,000
6,644,670 6,343,432

CURRENT ASSETS
Debtors 6 7,174 12,111
Cash at bank 145,506 112,087
152,680 124,198
CREDITORS
Amounts falling due within one year 7 (72,159 ) (66,636 )
NET CURRENT ASSETS 80,521 57,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,725,191

6,400,994

PROVISIONS FOR LIABILITIES (496,977 ) (444,744 )
NET ASSETS 6,228,214 5,956,250

CAPITAL AND RESERVES
Called up share capital 8 30,180 30,180
Investment revaluation reserve 1,856,563 1,735,607
Capital redemption reserve 824,469 824,469
Retained earnings 3,517,002 3,365,994
SHAREHOLDERS' FUNDS 6,228,214 5,956,250

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

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

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:



C V Green - Director


EMERALDA LTD (REGISTERED NUMBER: 00189496)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Emeralda Ltd 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.

The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 as modified by the revaluation of certain assets.

There have been no material departures from Financial Reporting Standard 102.

Turnover
The turnover shown in the profit and loss account represents rental income receivable during the year.

Investment property
Investment property is included at fair value. Gains are recognised in the profit and loss statement. Deferred taxation is provided on these gains at the rate expected to apply when the asset is sold.

Investments
Investments are included at fair value. Gains are recognised in the profit and loss statement. Deferred tax is
provided on these gains at the rate expected to apply when the asset is sold. Listed investments are valued at the current bid price at the balance sheet date.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

Financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

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

EMERALDA LTD (REGISTERED NUMBER: 00189496)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 January 2023 5,718,432
Additions 701,908
Disposals (742,264 )
Revaluations 341,594
At 31 December 2023 6,019,670
NET BOOK VALUE
At 31 December 2023 6,019,670
At 31 December 2022 5,718,432

Cost or valuation at 31 December 2023 is represented by:

Listed
investments
£   
Valuation in 2023 6,019,670

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 625,000
NET BOOK VALUE
At 31 December 2023 625,000
At 31 December 2022 625,000

The investment property was valued on a fair value basis at 31 December 2023 by the directors.

The directors do not have experience in property matters but have taken guidance from estate agents in order to assess the fair value at the balance sheet date.

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 625,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by related
parties 3,447 3,447
Prepayments and accrued income 3,727 8,664
7,174 12,111

EMERALDA LTD (REGISTERED NUMBER: 00189496)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 46,775 43,614
Shareholder loans 12,706 10,404
Directors' current accounts 1,743 1,743
Accruals and deferred income 10,935 10,875
72,159 66,636

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £ £
24,885 Ordinary £1 24,885 24,885

1,755 Founders £1 1,755 1,755

354 Founder HC £10 3,540 3,540
30,180 30,180