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REGISTERED NUMBER: 07201151 (England and Wales)















EMERALD LIFE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






EMERALD LIFE LIMITED (REGISTERED NUMBER: 07201151)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


EMERALD LIFE LIMITED

COMPANY INFORMATION
For The Year Ended 31 August 2024







DIRECTORS: Ms S L Ager
B M Brandon-Cross
Ms H A McCormack
S A Wardlaw





REGISTERED OFFICE: 65 Fairmont Road
London
London
SW2 2BJ





REGISTERED NUMBER: 07201151 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

EMERALD LIFE LIMITED (REGISTERED NUMBER: 07201151)

ABRIDGED BALANCE SHEET
31 August 2024

31/8/24 31/8/23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 192,965 170,612
Tangible assets 5 273 -
193,238 170,612

CURRENT ASSETS
Debtors 36,509 36,441
Cash at bank 984 940
37,493 37,381
CREDITORS
Amounts falling due within one year 25,878 26,863
NET CURRENT ASSETS 11,615 10,518
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,853

181,130

CREDITORS
Amounts falling due after more than one year 2,592,426 2,512,818
NET LIABILITIES (2,387,573 ) (2,331,688 )

CAPITAL AND RESERVES
Called up share capital 376 376
Share premium 814,918 814,918
Retained earnings (3,202,867 ) (3,146,982 )
(2,387,573 ) (2,331,688 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

EMERALD LIFE LIMITED (REGISTERED NUMBER: 07201151)

ABRIDGED BALANCE SHEET - continued
31 August 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





S A Wardlaw - Director


EMERALD LIFE LIMITED (REGISTERED NUMBER: 07201151)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024


1. STATUTORY INFORMATION

Emerald Life 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax, from the provision of agency sales during the period. Turnover is recognised according to the stage of completion of the contract to which it relates. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 have been enacted or substantively enacted by the balance sheet date.


EMERALD LIFE LIMITED (REGISTERED NUMBER: 07201151)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued
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 NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 221,263
Additions 49,421
At 31 August 2024 270,684
AMORTISATION
At 1 September 2023 50,651
Amortisation for year 27,068
At 31 August 2024 77,719
NET BOOK VALUE

At 31 August 2024 192,965
At 31 August 2023 170,612

EMERALD LIFE LIMITED (REGISTERED NUMBER: 07201151)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 5,393
Additions 364
At 31 August 2024 5,757
DEPRECIATION
At 1 September 2023
and 31 August 2024 5,484
NET BOOK VALUE
At 31 August 2024 273
At 31 August 2023 (91 )

6. RELATED PARTY DISCLOSURES

Emerald IP Limited, a company in which Ms H McCormack and Mr S Wardlaw are directors and shareholders, owed the company £2,458 as at 31 August 2024 (2023: £2,458) in respect of business expenses incurred by the company on its behalf.

At the balance sheet date the total aggregate loans from shareholders amounted to £2,580,835 (2023: £2,494,772) including interest. The loans are unsecured, repayable in more than one year from the balance sheet date and attract a non-compounding interest rate of 5%. Included in these loans is an amount due to Emerald Village Holdings Limited, the parent company, of £1,383,767 (2023: £1,340,586) including interest.

During the year the company paid management charges to its parent company, Emerald Village Holdings Limited, of £nil (2023: £nil) for the provision of staff.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Emerald Village Holdings Limited.