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REGISTERED NUMBER: 08431056 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EMPEROR RESIDENTIAL II LIMITED

EMPEROR RESIDENTIAL II LIMITED (REGISTERED NUMBER: 08431056)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


EMPEROR RESIDENTIAL II LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M Mehta
K K Mehta





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 08431056 (England and Wales)





ACCOUNTANTS: Sterling Accounting & Bookkeeping Services Limited
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

EMPEROR RESIDENTIAL II LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
EMPEROR RESIDENTIAL II LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Sterling Accounting & Bookkeeping Services Limited
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


21 March 2025

EMPEROR RESIDENTIAL II LIMITED (REGISTERED NUMBER: 08431056)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 565,000 565,000

CURRENT ASSETS
Debtors 5 44,191 43,065
Cash at bank 3,763 1,396
47,954 44,461
CREDITORS
Amounts falling due within one year 6 40,753 33,130
NET CURRENT ASSETS 7,201 11,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

572,201

576,331

CREDITORS
Amounts falling due after more than one year 7 (192,952 ) (200,388 )

PROVISIONS FOR LIABILITIES (47,941 ) (47,941 )
NET ASSETS 331,308 328,002

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 200,314 200,314
Retained earnings 9 130,894 127,588
SHAREHOLDERS' FUNDS 331,308 328,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

EMPEROR RESIDENTIAL II LIMITED (REGISTERED NUMBER: 08431056)

BALANCE SHEET - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





M Mehta - Director


EMPEROR RESIDENTIAL II LIMITED (REGISTERED NUMBER: 08431056)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Emperor Residential II Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable, net of value added tax.

Turnover is recognised when the company has a right to consideration.

Investment property
Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Taxation
Tax is recognised in the Profit and Loss Account except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

EMPEROR RESIDENTIAL II LIMITED (REGISTERED NUMBER: 08431056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 565,000
NET BOOK VALUE
At 31 March 2024 565,000
At 31 March 2023 565,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 213,255
Valuation in 2016 35,000
Cost 316,745
565,000

In the opinion of the directors the fair value of the investment properties as at 31 March 2024 is not significantly different to that stated above.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by connected companies 43,025 42,375
Other debtors 1,166 690
44,191 43,065

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,320 13,200
Amounts owed to connected companies 50 -
Taxation and social security 776 4,246
Other creditors 29,607 15,684
40,753 33,130

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 192,952 200,388

EMPEROR RESIDENTIAL II LIMITED (REGISTERED NUMBER: 08431056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 151,672 147,588

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 203,272 213,588

The bank loan is secured by a fixed charge over the investment property of the company.

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 127,588 200,314 327,902
Profit for the year 3,306 3,306
At 31 March 2024 130,894 200,314 331,208

10. RELATED PARTY DISCLOSURES

At the year end, the company was owed £43,025 (2023: £42,375) by Sterling Rose Developments Ltd, a company in which one of the directors has a beneficial interest. The amount owed is interest free and recoverable on demand.

During the year the company paid management charges £2,500 (2023: £2,500) to Sterling Rose Developments Ltd.