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Registered number: 10127226
Expectations Management Services Limited
Unaudited Financial Statements
For the Period 1 May 2024 to 31 December 2024
Simpson Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10127226
31 December 2024 30 April 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 84,533 85,200
Tangible Assets 5 165 263
84,698 85,463
CURRENT ASSETS
Debtors 6 100,294 191,577
Cash at bank and in hand 94,500 26,808
194,794 218,385
Creditors: Amounts Falling Due Within One Year 7 (444,672 ) (399,757 )
NET CURRENT ASSETS (LIABILITIES) (249,878 ) (181,372 )
TOTAL ASSETS LESS CURRENT LIABILITIES (165,180 ) (95,909 )
Creditors: Amounts Falling Due After More Than One Year 8 (2,270 ) (8,626 )
NET LIABILITIES (167,450 ) (104,535 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (167,550 ) (104,635 )
SHAREHOLDERS' FUNDS (167,450) (104,535)
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Page 2
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P B Watson
Director
04/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Expectations Management Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10127226 . The registered office is Alum House, 5 Alum Chine Road, Westbourne, Bournemouth, Dorset, BH4 8DT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets consist of unused timeshare weeks currently held by the company
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% computer equipment
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 5 (2024: 5)
5 5
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4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 May 2024 10,000 81,200 91,200
As at 31 December 2024 10,000 81,200 91,200
Amortisation
As at 1 May 2024 6,000 - 6,000
Provided during the period 667 - 667
As at 31 December 2024 6,667 - 6,667
Net Book Value
As at 31 December 2024 3,333 81,200 84,533
As at 1 May 2024 4,000 81,200 85,200
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2024 909
As at 31 December 2024 909
Depreciation
As at 1 May 2024 646
Provided during the period 98
As at 31 December 2024 744
Net Book Value
As at 31 December 2024 165
As at 1 May 2024 263
6. Debtors
31 December 2024 30 April 2024
£ £
Due within one year
Trade debtors 48,115 69,254
Amounts owed by group undertakings 4,100 4,100
Other debtors 48,079 118,223
100,294 191,577
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7. Creditors: Amounts Falling Due Within One Year
31 December 2024 30 April 2024
£ £
Trade creditors 22,858 6,322
Bank loans and overdrafts 9,895 10,206
Amounts owed to group undertakings 342,811 303,981
Other creditors 66,499 74,817
Taxation and social security 2,609 4,431
444,672 399,757
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 30 April 2024
£ £
Bank loans 2,270 8,626
9. Share Capital
31 December 2024 30 April 2024
£ £
Allotted, Called up and fully paid 100 100
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