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Registered number: 07527455










EMERGENCY CASH LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
EMERGENCY CASH LIMITED
REGISTERED NUMBER: 07527455

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
36,793
48,169

Tangible assets
 5 
127
97

Investments
 6 
100
100

  
37,020
48,366

Current assets
  

Debtors: amounts falling due within one year
 7 
13,195
269,517

Cash at bank and in hand
 8 
79,778
75,983

  
92,973
345,500

Creditors: amounts falling due within one year
 9 
(21,709)
(43,841)

Net current assets
  
 
 
71,264
 
 
301,659

Total assets less current liabilities
  
108,284
350,025

  

Net assets
  
108,284
350,025


Capital and reserves
  

Called up share capital 
 10 
844,672
844,672

Share premium account
  
2,754,783
2,754,783

Capital redemption reserve
  
30
30

Profit and loss account
  
(3,491,201)
(3,249,460)

  
108,284
350,025


Page 1

 
EMERGENCY CASH LIMITED
REGISTERED NUMBER: 07527455
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 March 2025.



Tania Guadalupe
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
EMERGENCY CASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Emergency Cash Limited is a private company limited by share capital, incorporated in England and Wales. The registered office address is 14th Floor, 33 Cavendish Sqaure, London, W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
EMERGENCY CASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Turnover

Turnover includes interest receivable from loans advanced by the company and fees earned from the sale of customer leads. Interest income is calculated and recognised on a daily basis across the life of the loan provided. Leads sales income is recognised when earned, net of VAT upon agreement with the customer.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

  
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
EMERGENCY CASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
5 years straight line
Office equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
EMERGENCY CASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Intangible assets




Website
Computer software
Total

£
£
£



Cost


At 1 October 2023
76,180
54,000
130,180



At 30 September 2024

76,180
54,000
130,180



Amortisation


At 1 October 2023
28,011
54,000
82,011


Charge for the year on owned assets
11,376
-
11,376



At 30 September 2024

39,387
54,000
93,387



Net book value



At 30 September 2024
36,793
-
36,793



At 30 September 2023
48,169
-
48,169



Page 6

 
EMERGENCY CASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
11,128
28,720
39,848


Additions
-
117
117



At 30 September 2024

11,128
28,837
39,965



Depreciation


At 1 October 2023
11,128
28,623
39,751


Charge for the year on owned assets
-
87
87



At 30 September 2024

11,128
28,710
39,838



Net book value



At 30 September 2024
-
127
127



At 30 September 2023
-
97
97

Page 7

 
EMERGENCY CASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
100



At 30 September 2024
100





7.


Debtors

2024
2023
£
£


Trade debtors
2,313
22,362

Amounts owed by group undertakings
-
236,944

Other debtors
5,251
4,580

Prepayments and accrued income
5,631
5,631

13,195
269,517



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
79,778
75,983


Page 8

 
EMERGENCY CASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
17
17

Trade creditors
12,661
32,697

Amounts owed to group undertakings
1,538
100

Other taxation and social security
2,475
5,893

Other creditors
(32)
84

Accruals and deferred income
5,050
5,050

21,709
43,841



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



254,539,800 (2023 - 254,539,800) Ordinary shares of £0.0001 each
25,454
25,454
819,218 (2023 - 819,218) Preference shares shares of £1.0000 each
819,218
819,218

844,672

844,672



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,023 (2023 - £2,767). Contributions totalling £658 (2023 - £774) were payable to the fund at the balance sheet date and are included in creditors.

Page 9