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Registered number: 05331729









EMERGING PAYMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
EMERGING PAYMENTS LIMITED
REGISTERED NUMBER: 05331729

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
10,898
10,898

  
10,898
10,898

Total assets less current liabilities
  
 
 
10,898
 
 
10,898

  

Net assets
  
10,898
10,898


Capital and reserves
  

Called up share capital 
  
586
586

Profit and loss account
  
10,312
10,312

Total equity
  
10,898
10,898


Page 1

 
EMERGING PAYMENTS LIMITED
REGISTERED NUMBER: 05331729
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

For the year ended 31 March 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 income and retained earnings 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 A V Craddock
Director

Date: 4 December 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
EMERGING PAYMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Emerging Payments Limited is a private company limited by shares. The company is incorporated in England and Wales and its registered office is St. Clement's House, 27 Clement's Lane, London EC4N 7AE.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Debtors

2024
2023
£
£


Other debtors
10,898
10,898



4.


Related party transactions

At the year-end date, included in other debtors is an amount of £10,898 (2023: £10,898) due from Emerging Payments Ventures Limited, a company under common control. This amount is unsecured, interest-free and repayable on demand.

Page 3

 
EMERGING PAYMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Controlling party

The company is under the control of Helicity Limited, a company incorporated in England and Wales. Its registered office is St. Clement's House, 27 Clement's Lane, London EC4N 7AE.

Page 4