Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-03-012true 13176966 2023-03-01 2024-02-29 13176966 c:KeyManagementIndividualGroup1 c:OtherTransactionType1 2023-03-01 2024-02-29 13176966 2022-03-01 2023-02-28 13176966 2024-02-29 13176966 c:KeyManagementIndividualGroup1 c:OtherTransactionType1 2024-02-29 13176966 2023-02-28 13176966 d:Director1 2023-03-01 2024-02-29 13176966 d:Director1 2024-02-29 13176966 d:Director2 2023-03-01 2024-02-29 13176966 d:Director2 2024-02-29 13176966 c:CurrentFinancialInstruments 2024-02-29 13176966 c:CurrentFinancialInstruments 2023-02-28 13176966 c:Non-currentFinancialInstruments 2024-02-29 13176966 c:Non-currentFinancialInstruments 2023-02-28 13176966 c:Non-currentFinancialInstruments c:AfterOneYear 2024-02-29 13176966 c:Non-currentFinancialInstruments c:AfterOneYear 2023-02-28 13176966 c:ShareCapital 2024-02-29 13176966 c:ShareCapital 2023-02-28 13176966 c:RetainedEarningsAccumulatedLosses 2024-02-29 13176966 c:RetainedEarningsAccumulatedLosses 2023-02-28 13176966 d:FRS102 2023-03-01 2024-02-29 13176966 d:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13176966 d:FullAccounts 2023-03-01 2024-02-29 13176966 d:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13176966 6 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 13176966










EMMALINE INVESTMENTS LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
EMMALINE INVESTMENTS LTD
REGISTERED NUMBER: 13176966

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
464,124
464,124

Current assets
  

Debtors: amounts falling due within one year
 5 
2
2

Total assets less current liabilities
  
 
 
464,126
 
 
464,126

Creditors: amounts falling due after more than one year
  
(481,729)
(464,124)

  

Net (liabilities)/assets
  
(17,603)
2


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(17,605)
-

  
(17,603)
2


Page 1

 
EMMALINE INVESTMENTS LTD
REGISTERED NUMBER: 13176966
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr M A Harrod
................................................
Mrs R E Harrod
Director
Director


Date: 26 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
EMMALINE INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Emmaline Investments Ltd ("the company") is a private company  limited by shares incorporated, in England and Wales under the Companies Act.
The registered number and address of the registered office is given in the company information. 
The functional and presentational currency of the company is pounds sterling (£) and rounded to the nearest whole pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon continued financial support from the directors and shareholders. The financial statements do not include any adjustments that would result if such support is not continuing.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
EMMALINE INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 4

 
EMMALINE INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments








Investments in associates

£



Cost


At 1 March 2023
464,124



At 29 February 2024
464,124




The Company owns 23.33% of the holding of Pembrokeshire Creamery Limited. The company is registered in England and Wales. 


5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
2
2

2
2



6.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Other creditors
481,729
464,124

481,729
464,124


Page 5

 
EMMALINE INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Related party transactions

Included within other debtors is a balance due from a director of a company totalling £1 (2023: £1).
Included within other debtors is a balance due from a second director of a company totalling £1 (2023: £1).
The above balances are unsecured, interest free and repayable on demand.
Included within other creditors falling due after more than one year is a balance due to Puffin Farms Limited of £481,729 (2023: £464,124), a company with a direct shareholder in common. This balance is unsecured. Interest totalling £17,605 (2023: £nil) has been charged on this balance. 

 
Page 6