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COMPANY REGISTRATION NUMBER: 00923509
Ember Estates Limited
Filleted Unaudited Financial Statements
30 June 2024
Ember Estates Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
47,887
443
Investments
6
1,879,014
2,185,122
------------
------------
1,926,901
2,185,565
Current assets
Stocks
389,880
388,120
Debtors
7
4,104
7,383
Cash at bank and in hand
1,956,195
2,101,606
------------
------------
2,350,179
2,497,109
Creditors: amounts falling due within one year
8
849,308
1,129,937
------------
------------
Net current assets
1,500,871
1,367,172
------------
------------
Total assets less current liabilities
3,427,772
3,552,737
Creditors: amounts falling due after more than one year
9
804,453
804,453
------------
------------
Net assets
2,623,319
2,748,284
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
2,623,219
2,748,184
------------
------------
Shareholders funds
2,623,319
2,748,284
------------
------------
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 income statement has not been delivered.
For the year ending 30 June 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 .
Ember Estates Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 19 February 2025 , and are signed on behalf of the board by:
Mr J M Hickman
Director
Company registration number: 00923509
Ember Estates Limited
Notes to the Financial Statements
Year ended 30 June 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 2 Castle Business Village, Station Road, Hampton, Middlesex, TW12 2BX.
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred 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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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 as follows:
Fixtures & Fittings
-
25% reducing balance
Motor Vehicles
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 July 2023
15,562
15,562
Additions
60,070
60,070
--------
--------
--------
At 30 June 2024
15,562
60,070
75,632
--------
--------
--------
Depreciation
At 1 July 2023
15,119
15,119
Charge for the year
111
12,515
12,626
--------
--------
--------
At 30 June 2024
15,230
12,515
27,745
--------
--------
--------
Carrying amount
At 30 June 2024
332
47,555
47,887
--------
--------
--------
At 30 June 2023
443
443
--------
--------
--------
6. Investments
Shares in group undertakings
Loans to group undertakings
Shares in participating interests
Total
£
£
£
£
Cost
At 1 July 2023
1,468,747
708,795
7,580
2,185,122
Additions
507
1,360
1,867
Disposals
( 307,975)
(307,975)
------------
---------
-------
------------
At 30 June 2024
1,468,747
401,327
8,940
1,879,014
------------
---------
-------
------------
Impairment
At 1 July 2023 and 30 June 2024
------------
---------
-------
------------
Carrying amount
At 30 June 2024
1,468,747
401,327
8,940
1,879,014
------------
---------
-------
------------
At 30 June 2023
1,468,747
708,795
7,580
2,185,122
------------
---------
-------
------------
99% of Share Capital of Chalford Property Company Limited (a company incorporated in England and Wales) was acquired during a previous period.
Group Accounts have not been prepared as the Group qualifies as a Small Group under Section 398 of the Companies Act 2006.
The net profit after tax of the subsidiary for the year to 30 June 2024 was £95,375 (2023 - £707,486) and the capital and reserves at that date amounted to £7,082,213 (2023 - £6,986,838).
Included within other operating income is the company's share of profits from its participating interest in Emberden LLP for the year ended 31 March 2024. The following year's accounts of the LLP have not yet been completed and any profits/losses for that year will be included in the results of this company for the year ended 30 June 2025.
7. Debtors
2024
2023
£
£
Other debtors
4,104
7,383
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,336
5,457
Corporation tax
8
307,969
Unsecured Loan - Director
284,681
248,019
Other creditors
557,283
568,492
---------
------------
849,308
1,129,937
---------
------------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Unsecured Loan - Cox & Readman Developments Limited
804,453
804,453
---------
---------
10. Related party transactions
The company was under the control of Mr J M Hickman throughout the current and previous year. Mr J M Hickman is a director and the majority shareholder. The unsecured loans from Mr J M Hickman and Mr M Hickman, directors of the company are referred to in Note 9. At 30 June 2024 and during the year then ended Mr M Hickman was interested as a shareholder in Cox & Readman Developments Limited. The unsecured loan from that company is referred to in Note 10. During a previous year the company acquired 99% of the Share Capital of Chalford Property Company Limited from Mr M Hickman. Part of the consideration for the purchase was the issue to Mr M Hickman of £1,161,437 Floating Rate Unsecured Loan Notes 2013. The outstanding amount is shown under Other Creditors in Note 9. These Loan Notes carry interest at the rate of 3% over Base Rate.