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REGISTERED NUMBER: 12193058 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

EMBLETON ASSET MANAGEMENT LTD

EMBLETON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 12193058)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EMBLETON ASSET MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: PA Bach



REGISTERED OFFICE: Candy Tuft
Akeley Wood
Akeley
Buckinghamshire
MK18 5BW



REGISTERED NUMBER: 12193058 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Lloyds Bank
Victoria
PO Box 1000
BX1 1LT

EMBLETON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 12193058)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,161 4,038

CURRENT ASSETS
Debtors 5 99,385 -
Cash at bank 33,232 215,222
132,617 215,222
CREDITORS
Amounts falling due within one year 6 62,965 79,659
NET CURRENT ASSETS 69,652 135,563
TOTAL ASSETS LESS CURRENT LIABILITIES 72,813 139,601

CREDITORS
Amounts falling due after more than one
year

7

(8,773

)

(18,449

)

PROVISIONS FOR LIABILITIES (601 ) (767 )
NET ASSETS 63,439 120,385

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 63,339 120,285
SHAREHOLDERS' FUNDS 63,439 120,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EMBLETON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 12193058)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2024 and were signed by:





PA Bach - Director


EMBLETON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 12193058)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Embleton Asset Management 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.

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.

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

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 - 15% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

EMBLETON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 12193058)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 758 8,675 9,433
Additions - 1,850 1,850
At 30 September 2024 758 10,525 11,283
DEPRECIATION
At 1 October 2023 114 5,281 5,395
Charge for year 97 2,630 2,727
At 30 September 2024 211 7,911 8,122
NET BOOK VALUE
At 30 September 2024 547 2,614 3,161
At 30 September 2023 644 3,394 4,038

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 96,984 -
Tax 2,401 -
99,385 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,289 10,649
Trade creditors - 8,000
Tax - 2,662
Social security and other taxes 214 158
VAT 4,535 9,199
Other creditors 46,000 20,000
Directors' current accounts - 27,174
Accrued expenses 1,927 1,817
62,965 79,659

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 8,773 18,449

EMBLETON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 12193058)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 1
Bank loans 10,289 10,648
10,289 10,649

Amounts falling due between two and five years:
Bank loans - 2-5 years 8,773 18,449

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 19,062 29,097

The Bounce Back Loan of £19,062 is fully secured by the government.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
PA Bach
Balance outstanding at start of year (27,174 ) (30,801 )
Amounts advanced 241,758 17,340
Amounts repaid (117,600 ) (13,713 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 96,984 (27,174 )

Interest on loans are charged at 2%