IRIS Accounts Production v24.3.0.553 13273539 director 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh132735392023-03-31132735392024-03-31132735392023-04-012024-03-31132735392022-03-31132735392022-04-012023-03-31132735392023-03-3113273539ns15:EnglandWales2023-04-012024-03-3113273539ns14:PoundSterling2023-04-012024-03-3113273539ns10:Director12023-04-012024-03-3113273539ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113273539ns10:SmallEntities2023-04-012024-03-3113273539ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3113273539ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113273539ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113273539ns10:FullAccounts2023-04-012024-03-3113273539ns10:OrdinaryShareClass12023-04-012024-03-3113273539ns10:Director22023-04-012024-03-3113273539ns10:RegisteredOffice2023-04-012024-03-3113273539ns5:CurrentFinancialInstruments2024-03-3113273539ns5:CurrentFinancialInstruments2023-03-3113273539ns5:Non-currentFinancialInstruments2024-03-3113273539ns5:Non-currentFinancialInstruments2023-03-3113273539ns5:ShareCapital2024-03-3113273539ns5:ShareCapital2023-03-3113273539ns5:SharePremium2024-03-3113273539ns5:SharePremium2023-03-3113273539ns5:RetainedEarningsAccumulatedLosses2024-03-3113273539ns5:RetainedEarningsAccumulatedLosses2023-03-3113273539ns5:ShareCapital2022-03-3113273539ns5:RetainedEarningsAccumulatedLosses2022-03-3113273539ns5:SharePremium2022-03-3113273539ns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-3113273539ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-3113273539ns5:FurnitureFittings2023-04-012024-03-3113273539ns5:OwnedAssets2023-04-012024-03-3113273539ns5:OwnedAssets2022-04-012023-03-3113273539ns5:FurnitureFittings2023-03-3113273539ns5:FurnitureFittings2024-03-3113273539ns5:FurnitureFittings2023-03-3113273539ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3113273539ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3113273539ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3113273539ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3113273539ns5:Secured2024-03-3113273539ns5:Secured2023-03-3113273539ns5:DeferredTaxation2023-03-3113273539ns5:DeferredTaxation2023-04-012024-03-3113273539ns5:DeferredTaxation2024-03-3113273539ns10:OrdinaryShareClass12024-03-3113273539ns5:RetainedEarningsAccumulatedLosses2023-03-3113273539ns5:SharePremium2023-03-31
REGISTERED NUMBER: 13273539 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Emerson Property Hub Ltd

Emerson Property Hub Ltd (Registered number: 13273539)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Accountants 2

Income Statement 3

Statement of Financial Position 4

Statement of Changes in Equity 6

Notes to the Financial Statements 7


Emerson Property Hub Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs R Singh





REGISTERED OFFICE: Unit 25 Sarum Complex
Salisbury Road
Uxbridge
UB8 2RZ





REGISTERED NUMBER: 13273539 (England and Wales)





ACCOUNTANTS: Integral Associates Limited
Unit 25 Sarum Complex
Salisbury Road
Uxbridge
Middlesex
UB8 2RZ

Emerson Property Hub Ltd

Report of the Accountants to the Director of
Emerson Property Hub Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Integral Associates Limited
Unit 25 Sarum Complex
Salisbury Road
Uxbridge
Middlesex
UB8 2RZ


Date: .............................................

Emerson Property Hub Ltd (Registered number: 13273539)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 206,951 185,913

Administrative expenses 50,995 86,768
OPERATING PROFIT 4 155,956 99,145


Interest payable and similar expenses 99,031 86,821
PROFIT BEFORE TAXATION 56,925 12,324

Tax on profit 5 30,728 1,495
PROFIT FOR THE FINANCIAL YEAR 26,197 10,829

Emerson Property Hub Ltd (Registered number: 13273539)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 2,971 4,456
Investment property 7 3,639,076 4,078,885
3,642,047 4,083,341

CURRENT ASSETS
Debtors 8 45,401 20,516
Cash at bank and in hand 224,706 20,890
270,107 41,406
CREDITORS
Amounts falling due within one year 9 130,055 136,550
NET CURRENT ASSETS/(LIABILITIES) 140,052 (95,144 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,782,099

3,988,197

CREDITORS
Amounts falling due after more than
one year

10

(2,510,586

)

(2,761,431

)

PROVISIONS FOR LIABILITIES 13 (58,450 ) (39,900 )
NET ASSETS 1,213,063 1,186,866

Emerson Property Hub Ltd (Registered number: 13273539)

Statement of Financial Position - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 14 100 100
Share premium 15 990,930 990,930
Retained earnings 15 222,033 195,836
SHAREHOLDERS' FUNDS 1,213,063 1,186,866

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 director acknowledges her 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.

The financial statements were approved by the director and authorised for issue on 4 December 2024 and were signed by:





Mrs R Singh - Director


Emerson Property Hub Ltd (Registered number: 13273539)

Statement of Changes in Equity
for the Year Ended 31 March 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 April 2022 100 185,007 990,930 1,176,037

Changes in equity
Total comprehensive income - 10,829 - 10,829
Balance at 31 March 2023 100 195,836 990,930 1,186,866

Changes in equity
Total comprehensive income - 26,197 - 26,197
Balance at 31 March 2024 100 222,033 990,930 1,213,063

Emerson Property Hub Ltd (Registered number: 13273539)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Emerson Property Hub Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Revenue recognition
Revenue from residential property is recognised on rent receivable basis to the balance sheet date.

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 cost

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 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 statement of financial position date.


Emerson Property Hub Ltd (Registered number: 13273539)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 1,485 1,486

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.3.24 31.3.23
£    £   
Current tax:
UK corporation tax 12,178 1,495

Deferred tax 18,550 -
Tax on profit 30,728 1,495

Emerson Property Hub Ltd (Registered number: 13273539)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 5,942
DEPRECIATION
At 1 April 2023 1,486
Charge for year 1,485
At 31 March 2024 2,971
NET BOOK VALUE
At 31 March 2024 2,971
At 31 March 2023 4,456

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 4,078,885
Additions 10,191
Disposals (450,000 )
At 31 March 2024 3,639,076
NET BOOK VALUE
At 31 March 2024 3,639,076
At 31 March 2023 4,078,885

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 3,639,076

Emerson Property Hub Ltd (Registered number: 13273539)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 22,134 16,416
Other debtors 23,267 4,100
45,401 20,516

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 12,516 1,495
Other creditors 117,539 135,055
130,055 136,550

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 11) 2,510,586 2,761,431

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,510,586 2,761,431

11. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,510,586 2,761,431

The bank loans are secured by a legal charge over the investment properties and by way of personal guarantees of the directors. the loans are interest only, fully repayable between 19 to 25 years period and the rates of interest charged are between 1.79% and 4.49% above the bank base rate.

Emerson Property Hub Ltd (Registered number: 13273539)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 2,510,586 2,761,431

13. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 58,450 39,900

Deferred
tax
£   
Balance at 1 April 2023 39,900
Provided during year 18,550
Balance at 31 March 2024 58,450

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary shares £1 100 100

15. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 195,836 990,930 1,186,766
Profit for the year 26,197 26,197
At 31 March 2024 222,033 990,930 1,212,963

16. RELATED PARTY DISCLOSURES

At the year end, the company owed £112,037 (2023: £127,037) to the company director, Mrs R singh.

Emerson Property Hub Ltd (Registered number: 13273539)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

17. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party by virtue of their shareholding in the company.