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REGISTERED NUMBER: 10346801 (England and Wales)















Emerald Investment Holdings Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






Emerald Investment Holdings Limited (Registered number: 10346801)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Emerald Investment Holdings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr P Karathanasis



REGISTERED OFFICE: 97 Judd Street
London
WC1H 9JG



REGISTERED NUMBER: 10346801 (England and Wales)



ACCOUNTANTS: Chris Syrimis & Co
Chartered Certified Accountants
97 Judd Street
London
WC1H 9JG



BANKERS: Lloyds Bank Plc
25 Gresham Street
London
EC2V 7HN

Emerald Investment Holdings Limited (Registered number: 10346801)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 407 543
Investment property 5 1,535,253 1,518,093
1,535,660 1,518,636

CURRENT ASSETS
Debtors 6 11,652 52,285
Cash at bank 27,620 4,250
39,272 56,535
CREDITORS
Amounts falling due within one year 7 616,706 687,284
NET CURRENT LIABILITIES (577,434 ) (630,749 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

958,226

887,887

CREDITORS
Amounts falling due after more than one
year

8

764,376

732,641
NET ASSETS 193,850 155,246

Emerald Investment Holdings Limited (Registered number: 10346801)

Balance Sheet - continued
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 192,850 154,246
SHAREHOLDERS' FUNDS 193,850 155,246

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





Mr P Karathanasis - Director


Emerald Investment Holdings Limited (Registered number: 10346801)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Emerald Investment Holdings Limited 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by 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.

Emerald Investment Holdings Limited (Registered number: 10346801)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 2,311
DEPRECIATION
At 1 January 2023 1,768
Charge for year 136
At 31 December 2023 1,904
NET BOOK VALUE
At 31 December 2023 407
At 31 December 2022 543

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,708,654
Exchange differences 19,315
At 31 December 2023 1,727,969
DEPRECIATION
At 1 January 2023 190,561
Exchange differences 2,155
At 31 December 2023 192,716
NET BOOK VALUE
At 31 December 2023 1,535,253
At 31 December 2022 1,518,093

Emerald Investment Holdings Limited (Registered number: 10346801)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors - 9,003
Other debtors 11,652 37,842
Tax - 1,835
VAT - 3,605
11,652 52,285

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts - 134
Trade creditors 4,734 16,312
Tax 14,837 5,622
Other creditors 587,390 661,558
Directors' current accounts 6,460 373
Accrued expenses 3,285 3,285
616,706 687,284

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/12/23 31/12/22
£    £   
Other loans - 2-5 years 764,376 732,641