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Registered number: 06211287
Emlyn Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 06211287
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 976,088 765,768
976,088 765,768
CURRENT ASSETS
Debtors 5 216,087 175,515
Cash at bank and in hand 29,355 81,051
245,442 256,566
Creditors: Amounts Falling Due Within One Year 6 (139,227 ) (83,793 )
NET CURRENT ASSETS (LIABILITIES) 106,215 172,773
TOTAL ASSETS LESS CURRENT LIABILITIES 1,082,303 938,541
Creditors: Amounts Falling Due After More Than One Year 7 (431,556 ) (326,593 )
NET ASSETS 650,747 611,948
CAPITAL AND RESERVES
Called up share capital 9 2 2
Income Statement 650,745 611,946
SHAREHOLDERS' FUNDS 650,747 611,948
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Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
The financial statements were approved by the board of directors on 31 January 2025 and were signed on its behalf
Alison R Evens
Mrs A Evens
Director
31/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Emlyn Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06211287 . The registered office is Hamilton House, 44 Hamilton Terrace, Milford Haven, Pembrokeshire, SA73 3JP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
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'.

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 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.


2.2. Turnover
Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.



2.3. Tangible Fixed Assets and Depreciation
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset on the following bases:

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Freehold 2% Straight line basis
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 May 2023 952,756
Additions 229,376
As at 30 April 2024 1,182,132
Depreciation
As at 1 May 2023 186,988
Provided during the period 19,056
As at 30 April 2024 206,044
Net Book Value
As at 30 April 2024 976,088
As at 1 May 2023 765,768
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 130,600 106,958
Other debtors 85,487 68,557
216,087 175,515
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,977 5,975
Bank loans and overdrafts 94,675 58,993
Corporation tax 35,725 15,975
Other taxes and social security 2,850 2,850
139,227 83,793
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 431,556 326,593
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 180,161 104,713
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 526,230 385,586
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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