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REGISTERED NUMBER: 08019412 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

E & M PROPERTY MANAGEMENT LTD

E & M PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 08019412)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


E & M PROPERTY MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: R Smith





REGISTERED OFFICE: Tudor Rose Industrial Estate
Dock Road
Chatteris
Cambridgeshire
PE16 6TY





REGISTERED NUMBER: 08019412 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Eagle House
28 Billing Road
Northampton
NN1 5AJ

E & M PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 08019412)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,397,643 1,397,643

CURRENT ASSETS
Debtors 5 100 100
Cash at bank 66,053 69,422
66,153 69,522
CREDITORS
Amounts falling due within one year 6 711,682 681,707
NET CURRENT LIABILITIES (645,529 ) (612,185 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

752,114

785,458

CREDITORS
Amounts falling due after more than one
year

7

290,000

470,000
NET ASSETS 462,114 315,458

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 462,014 315,358
SHAREHOLDERS' FUNDS 462,114 315,458

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 director acknowledges his 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.

E & M PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 08019412)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 director and authorised for issue on 18 September 2024 and were signed by:





R Smith - Director


E & M PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 08019412)

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


1. STATUTORY INFORMATION

E & M Property Management 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

E & M PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 08019412)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,397,643
NET BOOK VALUE
At 31 December 2023 1,397,643
At 31 December 2022 1,397,643

The investment property was valued at £1,045,000 on 16 September 2015 by Barker Storey Matthews, Chartered Surveyors, on an open market basis, assuming vacant possession.

In the opinion of the director, the fair value of the property at 31 December 2023 is not materially different to the valuation reflected in the accounts and so no adjustment has been made.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 100 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 20,000 40,000
Tax 46,438 33,570
Other creditors 427,928 327,928
Directors' current accounts 216,378 279,321
Accruals and deferred income 938 888
711,682 681,707

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 20,000 40,000
Other loans - 2-5 years 60,000 120,000
Other loans more 5yrs instal 210,000 310,000
290,000 470,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 210,000 310,000