Registered number
09515529
Emvasis Ltd
Filleted Accounts
31 March 2025
Emvasis Ltd
Registered number: 09515529
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 20,000 20,000
Tangible assets 4 541,877 551,439
561,877 571,439
Current assets
Debtors 5 250 250
Cash at bank and in hand 123,333 109,472
123,583 109,722
Creditors: amounts falling due within one year 6 (4,528) (4,857)
Net current assets 119,055 104,865
Total assets less current liabilities 680,932 676,304
Creditors: amounts falling due after more than one year 7 (730,000) (730,000)
Net liabilities (49,068) (53,696)
Capital and reserves
Called up share capital 1 1
Profit and loss account (49,069) (53,697)
Shareholder's funds (49,068) (53,696)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Konstantaras
Director
Approved by the board on 12 June 2025
Emvasis Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land & Buildings 1.5% straight line
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Lease:
Cost
At 1 April 2024 20,000
At 31 March 2025 20,000
Amortisation
At 31 March 2025 -
Net book value
At 31 March 2025 20,000
At 31 March 2024 20,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 90 years.
4 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2024 637,500
At 31 March 2025 637,500
Depreciation
At 1 April 2024 86,061
Charge for the year 9,562
At 31 March 2025 95,623
Net book value
At 31 March 2025 541,877
At 31 March 2024 551,439
5 Debtors 2025 2024
£ £
Trade debtors 250 250
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 1,200 1,200
Taxation and social security costs 3,328 3,657
4,528 4,857
7 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 730,000 730,000
8 Other information
Emvasis Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Level 3
207 Regent Street
London
W1B 3HH
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