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Company registration number: 13160147
Emery Planning Group Limited
Unaudited filleted abridged financial statements
31 July 2024
Emery Planning Group Limited
Contents
Abridged statement of financial position
Notes to the financial statements
Emery Planning Group Limited
Abridged statement of financial position
31 July 2024
2024 2023
Note £ £ £ £
Fixed assets
Investments 5 3,286,518 3,049,209
_______ _______
3,286,518 3,049,209
Current assets
Debtors 3,440,193 3,283,972
Cash at bank and in hand 469,011 545,835
_______ _______
3,909,204 3,829,807
Creditors: amounts falling due
within one year ( 9,357) ( 9,357)
_______ _______
Net current assets 3,899,847 3,820,450
_______ _______
Total assets less current liabilities 7,186,365 6,869,659
Provisions for liabilities ( 3,915) -
_______ _______
Net assets 7,182,450 6,869,659
_______ _______
Capital and reserves
Called up share capital 214 214
Share premium account 2,521,693 2,521,693
Profit and loss account 4,660,543 4,347,752
_______ _______
Shareholders funds 7,182,450 6,869,659
_______ _______
For the year ending 31 July 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 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 abridged statement of income and retained earnings has not been delivered.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the current year ending 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 03 March 2025 , and are signed on behalf of the board by:
Mr S A Harris
Director
Company registration number: 13160147
Emery Planning Group Limited
Notes to the financial statements
Year ended 31 July 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 1-4 South Park Court, Hobson Street, Macclesfield, Cheshire, SK11 8BS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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 fixed asset investments measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Fixed asset 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.
Impairment
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
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 in finance costs in profit or loss in the period it arises.
Financial instruments
The following assets are classified as financial instruments - trade debtors, trade creditors, cash and bank accounts, and directors' loans. Cash and bank accounts are recorded at the amounts held on the reporting date. Trade creditors, trade debtors and directors' loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. These particular assets are assessed at the end of each reporting period for objective evidence of impairment. If this is found to exist, an impairment loss is charged to the Statement of Comprehensive Income.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 6 ).
5. Investments
£
Cost
At 1 August 2023 3,049,209
Additions 216,708
Fair value adjustment 20,601
_______
At 31 July 2024 3,286,518
_______
Impairment
At 1 August 2023 and 31 July 2024 -
_______
Carrying amount
At 31 July 2024 3,286,518
_______
At 31 July 2023 3,049,209
_______
Investments held at valuation
In respect of investments held at valuation, the comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
£
At 31 July 2024
Aggregate cost 216,708
Aggregate depreciation -
_______
Carrying amount 216,708
_______
At 31 July 2023
Aggregate cost -
Aggregate depreciation -
_______
Carrying amount -
_______
The stock exchange investments comprise a portfolio of numerous quoted investments administered by A J Bell Management Ltd, a company that provides online investment platforms and stock broker services. The total portfolio has been measured at fair value (which means market value) as at 31 July 2024. This amounted to £237,309.