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REGISTERED NUMBER: 01784948 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EMANDEE PROPERTIES LIMITED

EMANDEE PROPERTIES LIMITED (REGISTERED NUMBER: 01784948)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EMANDEE PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTORS: Mr D R Sheaf
Mrs H M Sheaf
Mrs J Sheaf





SECRETARY: Mrs H M Sheaf





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





REGISTERED NUMBER: 01784948 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

EMANDEE PROPERTIES LIMITED (REGISTERED NUMBER: 01784948)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1 1
Investment property 6 265,000 487,000
265,001 487,001

CURRENT ASSETS
Debtors 7 - 3,425
Cash at bank 178,618 9,172
178,618 12,597
CREDITORS
Amounts falling due within one year 8 43,994 7,574
NET CURRENT ASSETS 134,624 5,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

399,625

492,024

PROVISIONS FOR LIABILITIES 9 16,533 50,250
NET ASSETS 383,092 441,774

CAPITAL AND RESERVES
Called up share capital 10 1,002 1,002
Non distributable reserve 11 110,603 251,668
Retained earnings 11 271,487 189,104
SHAREHOLDERS' FUNDS 383,092 441,774

EMANDEE PROPERTIES LIMITED (REGISTERED NUMBER: 01784948)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:




Mrs J Sheaf - Director Mrs H M Sheaf - Director




Mr D R Sheaf - Director


EMANDEE PROPERTIES LIMITED (REGISTERED NUMBER: 01784948)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

Emandee Properties 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. STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents rent receivable for the year. Rent receivable in the year is calculated on an accruals basis.

Tangible fixed assets
All fixed assets are initially recorded at cost.

Depreciation
Depreciation is calculated so as to write off the cost or revaluation of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 33% straight line basis

Investment properties
Investment properties are held for their investment potential and therefore carried at fair value. The surplus or deficit arising from the annual fair value adjustment is recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

EMANDEE PROPERTIES LIMITED (REGISTERED NUMBER: 01784948)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 April 2023
and 31 March 2024 2,329
DEPRECIATION
At 1 April 2023
and 31 March 2024 2,328
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 487,000
Disposals (247,000 )
Revaluations 25,000
At 31 March 2024 265,000
NET BOOK VALUE
At 31 March 2024 265,000
At 31 March 2023 487,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 265,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 137,864 185,082

The investment property was valued on an open market basis on 31 March 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 3,425

EMANDEE PROPERTIES LIMITED (REGISTERED NUMBER: 01784948)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 42,034 5,114
Other creditors 1,960 2,460
43,994 7,574

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 16,533 50,250

Deferred
tax
£   
Balance at 1 April 2023 50,250
Fair value adjustments (33,717 )
Balance at 31 March 2024 16,533

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,002 Ordinary £1 1,002 1,002

11. RESERVES
Non
Retained distributable
earnings reserve Totals
£    £    £   

At 1 April 2023 189,104 251,668 440,772
Profit for the year 21,478 - 21,478
Dividends (80,160 ) - (80,160 )
Transfer between reserves 141,065 (141,065 ) -
At 31 March 2024 271,487 110,603 382,090

Retained earnings consists of current and prior periods retained profit and losses, which are available for distribution.

Non distributable reserves consists of current and prior periods fair value movements, which are not available for distribution to the shareholders.