Company registration number 15237499 (England and Wales)
Emerton Holdings Limited
Unaudited financial statements
For the Period ended 31 October 2024
Emerton Holdings Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
3 - 4
Emerton Holdings Limited
Statement of financial position
As at 31 October 2024
- 1 -
2024
Notes
£
£
Fixed assets
Investment property
3
292,515
Current assets
Debtors
4
21,000
Cash at bank and in hand
4,169
25,169
Creditors: amounts falling due within one year
5
(298,226)
Net current liabilities
(273,057)
Net assets
19,458
Capital and reserves
Called up share capital
6
100
Profit and loss reserves
19,358
Total equity
19,458

For the financial Period ended 31 October 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 of its financial statements for the Period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 March 2025 and are signed on its behalf by:
Mr S R Emerton
Director
Company registration number 15237499 (England and Wales)
Emerton Holdings Limited
Statement of changes in equity
For the Period ended 31 October 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 26 October 2023
-
0
-
0
-
Period ended 31 October 2024:
Profit and total comprehensive income
-
19,358
19,358
Issue of share capital
6
100
-
100
Balance at 31 October 2024
100
19,358
19,458
Emerton Holdings Limited
Notes to the financial statements
For the Period ended 31 October 2024
- 3 -
1
Accounting policies
Company information

Emerton Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Beambridge Depot, Barony Road, Nantwich, Cheshire, CW5 5RE.

1.1
Reporting period

These financial statements cover the period from incorporation on 26 October 2023 to 31 October 2024, and are the first financial statements the company has prepared, as such, there are no comparative figures.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

At the balance sheet date the company had net current liabilities of £true273,057. The directors have adopted the going concern basis of preparation due to the support of the company's creditors.

1.4
Turnover

Turnover represents amounts receivable for rental income.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Emerton Holdings Limited
Notes to the financial statements (continued)
For the Period ended 31 October 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
Number
Total
-
0
3
Investment property
2024
£
Fair value
At 26 October 2023
-
0
Additions
292,515
At 31 October 2024
292,515

The fair value of the investment property portfolio was measured by the director at the year end on a open market basis. At that date the value was considered to be the same as cost.

4
Debtors
2024
Amounts falling due within one year:
£
Other debtors
21,000
5
Creditors: amounts falling due within one year
2024
£
Taxation and social security
4,639
Other creditors
293,587
298,226

Other creditors includes £216,000 due to Emerton Roofing (Western) Limited which is a company under common control.

6
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
100
100
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