Registered number: 09129622
EMILIO CONTRACTS & INVESTMENTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 OCTOBER 2024
|
EMILIO CONTRACTS & INVESTMENTS LIMITED
REGISTERED NUMBER: 09129622
BALANCE SHEET
AS AT 31 OCTOBER 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stocks and work in progress
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EMILIO CONTRACTS & INVESTMENTS LIMITED
REGISTERED NUMBER: 09129622
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024
The directors consider 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 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.
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 by:
The notes on pages 3 to 6 form part of these financial statements.
|
EMILIO CONTRACTS & INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
Emilio Contracts & Investments Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Northdown, Wrotham Road, Meopham, Kent, DA13 0AT.
The principal activity of the company during the year is that of an investment holding company, building contractor, and property developer.
2.Accounting policies
|
|
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.
The following principal accounting policies have been applied:
Investments in subsidiaries are measured at cost less accumulated impairment.
Work in progress relates to work carried out on contracts which are not complete at the year end. It is valued at the lower of cost and net realisable value. Cost includes all direct costs and relevant professional fees plus profits accrued to date where these can be reasonably foreseen.
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.
|
|
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.
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.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
|
EMILIO CONTRACTS & INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
|
The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
|
|
|
Investments in subsidiary companies
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following was a subsidiary undertaking of the company:
|
|
|
|
|
|
|
Melbond (Crossways) Limited
|
Charles Lake House Claire Causeway, Crossways Business Park, Dartford, Kent, England, DA2 6QA
|
|
|
|
Stocks and work in progress
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EMILIO CONTRACTS & INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
|
|
|
|
|
Amounts owed by group undertakings
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed to group undertakings
|
|
|
|
Accruals and deferred income
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: Amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EMILIO CONTRACTS & INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
|
|
Allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
167 (2023 - 167) Ordinary A shares shares of £0.10 each
|
|
|
|
|
167 (2023 - 167) Ordinary B shares shares of £0.10 each
|
|
|
|
|
167 (2023 - 167) Ordinary C shares shares of £0.10 each
|
|
|
|
|
167 (2023 - 167) Ordinary D shares shares of £0.10 each
|
|
|
|
|
166 (2023 - 166) Ordinary E shares shares of £0.10 each
|
|
|
|
|
166 (2023 - 166) Ordinary F share shares of £0.10 each
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Related party transactions
|
|
Included within other creditors due after more than one year are amounts owed to the directors of the company and the directors' close family members amounting to £2,834,441 (2023: £1,538,689).
|
|