0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 305,000 74,000 9,000 240,000 240,000 305,000 9,497 4,551 14,048 xbrli:pure xbrli:shares iso4217:GBP 09311622 2023-12-01 2024-11-30 09311622 2024-11-30 09311622 2023-11-30 09311622 2022-12-01 2023-11-30 09311622 2023-11-30 09311622 2022-11-30 09311622 bus:Director1 2023-12-01 2024-11-30 09311622 core:DeferredTaxation 2023-12-01 2024-11-30 09311622 core:WithinOneYear 2024-11-30 09311622 core:WithinOneYear 2023-11-30 09311622 core:ShareCapital 2024-11-30 09311622 core:ShareCapital 2023-11-30 09311622 core:RevaluationReserve 2024-11-30 09311622 core:RevaluationReserve 2023-11-30 09311622 core:RetainedEarningsAccumulatedLosses 2024-11-30 09311622 core:RetainedEarningsAccumulatedLosses 2023-11-30 09311622 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 09311622 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-11-30 09311622 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-11-30 09311622 core:CostValuation core:Non-currentFinancialInstruments 2024-11-30 09311622 core:Non-currentFinancialInstruments 2024-11-30 09311622 core:Non-currentFinancialInstruments 2023-11-30 09311622 core:RevaluationInvestmentPropertyDeferredTax 2024-11-30 09311622 core:RevaluationInvestmentPropertyDeferredTax 2023-11-30 09311622 core:DeferredTaxation 2023-11-30 09311622 core:DeferredTaxation 2024-11-30 09311622 bus:SmallEntities 2023-12-01 2024-11-30 09311622 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 09311622 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 09311622 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09311622 bus:FullAccounts 2023-12-01 2024-11-30
COMPANY REGISTRATION NUMBER: 09311622
EMMABETH LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 November 2024
EMMABETH LTD
STATEMENT OF FINANCIAL POSITION
30 November 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Investments
4
240,000
305,000
CURRENT ASSETS
Debtors
5
204
392
Cash at bank and in hand
8,779
1,921
--------
--------
8,983
2,313
CREDITORS: amounts falling due within one year
6
93,756
197,926
---------
-----------
NET CURRENT LIABILITIES
84,773
195,613
-----------
-----------
TOTAL ASSETS LESS CURRENT LIABILITIES
155,227
109,387
PROVISIONS
Taxation including deferred tax
7
14,048
9,497
-----------
-----------
NET ASSETS
141,179
99,890
-----------
-----------
EMMABETH LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
100
100
Revaluation reserve
72,554
59,003
Profit and loss account
68,525
40,787
-----------
---------
SHAREHOLDERS FUNDS
141,179
99,890
-----------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 January 2025 , and are signed on behalf of the board by:
A. C. Plant
Director
Company registration number: 09311622
EMMABETH LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for property rents.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
4. INVESTMENTS
Rental properties
£
Cost
At 1 December 2023
305,000
Disposals
( 74,000)
Revaluations
9,000
-----------
At 30 November 2024
240,000
-----------
Impairment
At 1 December 2023 and 30 November 2024
-----------
Carrying amount
At 30 November 2024
240,000
-----------
At 30 November 2023
305,000
-----------
The Directors estimate the fair value of the properties at the Balance Sheet date was £240,000. At this value a tax provision of £14,048 is required.
5. DEBTORS
2024
2023
£
£
Other debtors
204
392
-----
-----
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Corporation tax
8,320
1,510
Other creditors
85,436
196,416
---------
-----------
93,756
197,926
---------
-----------
7. PROVISIONS
Deferred tax (note 8)
£
At 1 December 2023
9,497
Additions
4,551
---------
At 30 November 2024
14,048
---------
8. DEFERRED TAX
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions (note 7)
14,048
9,497
---------
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Fair value adjustment of investment property
14,048
9,497
---------
--------