Registered number
11981082
Emdells Holdings Limited
Report and Accounts
31 March 2024
Emdells Holdings Limited
Registered number: 11981082
Balance Sheet
as at 31 March 2024
31st March 31st March
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 801,699 -
Investments 4 2 104
801,701 104
Current assets
Debtors 5 2,405 13,941
Cash at bank and in hand 109,407 10,940
111,812 24,881
Creditors: amounts falling due within one year 6 (81,101) (25,588)
Net current assets 30,711 (707)
Net assets 832,412 (603)
Capital and reserves
Called up share capital 100 100
Profit and loss account 832,312 (703)
Shareholder's funds 832,412 (603)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr JP Naylor
Director
Approved by the board on 10 October 2024
Emdells Holdings Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the receipt of rents, dividends, bank interest and sale of investments.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Investments
Investments in quoted equity instruments are measured at transaction price (which is usually the cost), less any impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price including any transaction costs less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax assets and liabilities are not discounted.
31st March 31st March
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery Total
£ £ £
Cost
Transferred from subsidiary company 800,000 6,799 806,799
At 31 March 2024 800,000 6,799 806,799
Depreciation
Transferred from subsidiary company - 3,400 3,400
Charge for the year - 1,700 1,700
At 31 March 2024 - 5,100 5,100
Net book value
At 31 March 2024 800,000 1,699 801,699
4 Investments Other
investments
£
Cost
Additions 104
Disposals (102)
At 31 March 2024 2
31st March 31st March
5 Debtors 2024 2023
£ £
Amount owed by subsidiary undertaking - 13,941
Other debtors 2,405 -
2,405 13,941
6 Creditors: amounts falling due within one year
Other creditors - 4
Amount owed to subsidiary company 45,188 25,264
Corporation tax 24,000 -
Accrued expenses 11,913 320
81,101 25,588
31st March 31st March
7 Related party transactions 2024 2023
£ £
Mr JP Naylor
Director
Monies owed by the director, JP Naylor at the year end
The loan is interest free
Amount due by the related party 2,405 -
Emdells Limited - Bahamas
Connected company
Mr JP Naylor, directors held the beneficial
interest in this business throughout the year and the previous year.
Assets and liabilities totalling £773857 have been transferred from
Emdells Limited - Bahamas on 1st April 2023.
Loans from the subsidiary company totalling £759916 have
been written off during the year
Amount due by the related party - 13,941
Emdells Limited
Connected company
Mr JP Naylor, directors held the beneficial
interest in this business throughout the year and the previous year.
Amount due to the related party (45,188) (25,264)
8 Other information
Emdells Holdings Limited is a private company limited by shares and incorporated in England and Wales. The registered office is:
33a Castle Close
Hawarden
Deeside
CH5 QX
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