Registered number
04432822
Emdells Limited
Report and Accounts
31 March 2024
Emdells Limited
Registered number: 04432822
Balance Sheet
as at 31 March 2024
31st March 31st March
Notes 2024 2023
£ £
Fixed assets
Investments 4 228,069 14,264
Current assets
Debtors 5 47,870 27,946
Cash at bank and in hand 611,115 712,843
658,985 740,789
Creditors: amounts falling due within one year 6 (11,939) (1,066,580)
Net current liabilities 647,046 (325,791)
Total assets less current liabilities 875,115 (311,527)
Creditors: amounts falling due after more than one year 7 (11,250) (20,250)
Net liabilities 863,865 (331,777)
Capital and reserves
Called up share capital 2 2
Profit and loss account 863,863 (331,779)
Shareholder's funds 863,865 (331,777)
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 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.
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).
31st March 31st March
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Exceptional item
Write off of inter - company loan from fellow subsidiary 1,209,315 -
Emdells Limited - Bahamas
4 Investments Listed Other Total
investments investments
Cost £ £ £
At 1 April 2023 - 14,264 14,264
Transferred from fellow subsidiary company 156,172 - 156,172
Additions 28,649 36,300 64,949
Disposals (3,551) (3,765) (7,316)
At 31 March 2024 181,270 46,799 228,069
31st March 31st March
5 Debtors 2024 2023
£ £
Amount owed by holding company 45,188 25,264
Other debtors 2,682 2,682
47,870 27,946
6 Creditors: amounts falling due within one year
Bank loan 9,000 9,000
Amount owed to fellow subsidiary company - 1,052,399
Accrued expenses 2,939 5,181
11,939 1,066,580
7 Creditors: amounts falling due after one year
Bank loan 11,250 20,250
11,250 20,250
8 Related party transactions
Mr JP Naylor
Director
Monies owed by the director, JP Naylor at the year end
The loan is interest free
Amount due from the related party (2,682) (2,682)
9 Emdells Holdings Limited
Connected company
Mr JP Naylor, directors held the beneficial
interest in this business throughout the year and the previous year.
Amount due from the related party (45,188) (25,264)
Emdells Limited - Bahamas
Connected company
Mr JP Naylor, directors held the beneficial
interest in this business throughout the year and the previous year.
Assets totalling £156916 have been transferred from Emdells Limited - Bahamas
on 1st April 2023.
Loans from the fellow subsidiary company totalling £1209315 have
been written off during the year
Amount due to the related party - 1,052,399
10 Other information
Emdells 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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