Company registration number 07122749 (England and Wales)
EMERALD FINANCIAL ASSOCIATES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
EMERALD FINANCIAL ASSOCIATES LTD
CONTENTS
Page
Company information
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
EMERALD FINANCIAL ASSOCIATES LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,424,701
5,018,172
Tangible assets
4
44,536
69,122
Investments
5
169,980
167,107
4,639,217
5,254,401
Current assets
Debtors
6
318,863
252,221
Cash at bank and in hand
696,891
707,158
1,015,754
959,379
Creditors: amounts falling due within one year
7
(1,203,748)
(1,170,791)
Net current liabilities
(187,994)
(211,412)
Total assets less current liabilities
4,451,223
5,042,989
Creditors: amounts falling due after more than one year
8
(3,959,649)
(4,573,133)
Provisions for liabilities
(11,630)
(17,280)
Net assets
479,944
452,576
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
479,844
452,476
Total equity
479,944
452,576
EMERALD FINANCIAL ASSOCIATES LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 17 June 2025 and are signed on its behalf by:
Mr G M Thompson
Director
Company registration number 07122749 (England and Wales)
EMERALD FINANCIAL ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Emerald Financial Associates Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Units 2-3 Shawwell Business Centre, Stagshaw Road, Corbridge, Northumberland, NE45 5PE.

1.1
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.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

 

1.3
Intangible fixed assets - goodwill

Goodwill, being the amounts paid in connection with the acquisition of businesses in 2010, 2011, 2014, 2015, 2019, 2021, 2022, 2023 & 2025 is being amortised, in respect of these businesses, evenly over their estimated useful life of ten years.

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.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures & fittings
25% straight line
IT equipment
25% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

EMERALD FINANCIAL ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Fixed asset investments

Listed investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

 

An amount equivalent to the revaluation surplus, less any associated deferred tax is held in a separate non-distributable reserve, with the movement in the year being treated as a transfer from / to profit and loss reserves.

1.6
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

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

2025
2024
Number
Number
Total
28
28
EMERALD FINANCIAL ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
7,309,720
Additions
54,445
At 31 March 2025
7,364,165
Amortisation and impairment
At 1 April 2024
2,291,548
Amortisation charged for the year
647,916
At 31 March 2025
2,939,464
Carrying amount
At 31 March 2025
4,424,701
At 31 March 2024
5,018,172
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
246,631
Additions
1,493
At 31 March 2025
248,124
Depreciation and impairment
At 1 April 2024
177,509
Depreciation charged in the year
26,079
At 31 March 2025
203,588
Carrying amount
At 31 March 2025
44,536
At 31 March 2024
69,122
EMERALD FINANCIAL ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
200
200
Listed investments
169,780
166,907
169,980
167,107
Fixed asset investments revalued

If the investments had not been revalued they would have been included at historical cost of £167,808 (2024 £166,492)

 

The listed investments were valued on an open market basis on 31 March 2025 by St. James Place.

Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 April 2024
200
166,907
167,107
Additions
-
1,316
1,316
Valuation changes
-
1,557
1,557
At 31 March 2025
200
169,780
169,980
Carrying amount
At 31 March 2025
200
169,780
169,980
At 31 March 2024
200
166,907
167,107
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
301,048
240,822
Other debtors
6,433
2,155
Prepayments and accrued income
11,382
9,244
318,863
252,221
EMERALD FINANCIAL ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
665,241
691,524
Trade creditors
15,629
8,336
Amounts owed to group undertakings
200
200
Taxation and social security
280,578
236,210
Other creditors
242,100
234,521
1,203,748
1,170,791
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,818,349
4,290,533
Other creditors
141,300
282,600
3,959,649
4,573,133

The bank loans are secured by fixed and floating charges over the assets of the company.

Creditors which fall due after five years are as follows:
2025
2024
£
£
Payable by instalments
1,469,452
2,189,385
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
256,605
228,421
10
Ultimate controlling party

The ultimate controlling party is Mr G M Thompson and Mrs S H Thompson.

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