Registered number
05171499
Emerald Investments (North West) Limited
Filleted Accounts
29 February 2024
Emerald Investments (North West) Limited
Registered number: 05171499
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 825,000 825,000
Current assets
Debtors 4 52,840 52,840
Cash at bank and in hand 144,899 82,406
197,739 135,246
Creditors: amounts falling due within one year 5 (30,789) (23,087)
Net current assets 166,950 112,159
Total assets less current liabilities 991,950 937,159
Creditors: amounts falling due after more than one year 6 (73,312) (73,312)
Provisions for liabilities (6,425) (6,425)
Net assets 912,213 857,422
Capital and reserves
Called up share capital 100 100
Fair value reserve 7 27,391 27,391
Profit and loss account 884,722 829,931
Shareholders' funds 912,213 857,422
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 members have 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.
Mrs Rubina Anwar
Director
Approved by the board on 21 November 2024
Emerald Investments (North West) Limited
Notes to the Accounts
for the year ended 29 February 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, net of discounts and value added taxes. Turnover includes revenue earned from the rental of real estate owned by the company
Tangible fixed assets
No depreciation is provided on investment land & buildings. This treatment is not in accordance the Companies Act 2006 but directors consider that this accounting policy results in the accounts showing a true and fair view on the balance sheet date.
Freehold buildings None
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 etc Motor vehicles Total
£ £ £ £
Cost
At 29 February 2024 825,000 - - 825,000
Depreciation
At 29 February 2024 - - - -
Net book value
At 29 February 2024 825,000 - - 825,000
Freehold land and buildings: 2024 2023
£ £
Historical cost 791,184 791,184
Cumulative depreciation based on historical cost - -
791,184 791,184
4 Debtors 2024 2023
£ £
Trade debtors 6,300 6,300
Amounts owed by related undertakings - -
52,840 52,840
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 17,254 10,802
Other creditors 13,535 12,285
30,789 23,087
6 Creditors: amounts falling due after one year 2024 2023
£ £
Trade creditors - -
Other creditors 73,312 73,312
73,312 73,312
7 Revaluation reserve 2024 2023
£ £
At 1 March 2023 27,391 27,391
At 29 February 2024 27,391 27,391
8 Other information
Emerald Investments (North West) Limited is a private company limited by shares and incorporated in England. Its registered office is:
16 Robert Street
Manchesrer
Lancashire
M3 1EY
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