Acorah Software Products - Accounts Production 16.1.200 false true 5 April 2023 6 April 2022 false 6 April 2023 5 April 2024 5 April 2024 OC434550 EMF INVESTMENT MANAGEMENT LTD Moshe Freed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC434550 2023-04-05 OC434550 2024-04-05 OC434550 2023-04-06 2024-04-05 OC434550 frs-core:CurrentFinancialInstruments 2024-04-05 OC434550 frs-core:Non-currentFinancialInstruments 2024-04-05 OC434550 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-06 2024-04-05 OC434550 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-06 2024-04-05 OC434550 frs-bus:FilletedAccounts 2023-04-06 2024-04-05 OC434550 frs-bus:SmallEntities 2023-04-06 2024-04-05 OC434550 frs-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 OC434550 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 OC434550 frs-countries:EnglandWales 2023-04-06 2024-04-05 OC434550 frs-bus:PartnerLLP1 2023-04-06 2024-04-05 OC434550 frs-bus:PartnerLLP2 2023-04-06 2024-04-05 OC434550 2022-04-05 OC434550 2023-04-05 OC434550 2022-04-06 2023-04-05 OC434550 frs-core:CurrentFinancialInstruments 2023-04-05 OC434550 frs-core:Non-currentFinancialInstruments 2023-04-05
Registered number: OC434550
EMF INVESTMENTS LLP
Unaudited Financial Statements
For The Year Ended 5 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC434550
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 435,900 435,900
435,900 435,900
CURRENT ASSETS
Debtors 5 354,795 350,000
Cash at bank and in hand 1,495 2,699
356,290 352,699
NET CURRENT ASSETS (LIABILITIES) 356,290 352,699
TOTAL ASSETS LESS CURRENT LIABILITIES 792,190 788,599
Creditors: Amounts Falling Due After More Than One Year 6 (789,390 ) (779,390 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,800 9,209
REPRESENTED BY:
Loans and other debts due to members
Other amounts 2,800 9,209
2,800 9,209
2,800 9,209
TOTAL MEMBERS' INTEREST
Amounts due from members (4,795) -
Loans and other debts due to members 2,800 9,209
(1,995) 9,209
Page 1
Page 2
For the year ending 5 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
EMF INVESTMENT MANAGEMENT LTD
Designated Member
03/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
EMF INVESTMENTS LLP is a limited liability partnership, incorporated in England & Wales, registered number OC434550 . The Registered Office is Enterprise House 2 The Crest, First Floor, London, NW4 2HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 6 April 2023 and 5 April 2024 435,900
5. Debtors
2024 2023
as restated
£ £
Due within one year
Other debtors 350,000 350,000
Amounts due from members 4,795 -
354,795 350,000
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 278,490 278,490
Other creditors 510,900 500,900
789,390 779,390
Page 4