Company registration number 03009732 (England and Wales)
EMDALE CONSTRUCTION LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
EMDALE CONSTRUCTION LTD
COMPANY INFORMATION
Directors
C M Pharaoh
T Pharaoh
Secretary
T Pharaoh
Company number
03009732
Registered office
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT
Accountants
Xeinadin South East Limited
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT
EMDALE CONSTRUCTION LTD
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
6 - 9
EMDALE CONSTRUCTION LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2024
- 1 -
The directors present their annual report and financial statements for the year ended 30 June 2024.
Principal activities
The principal activity of the company until 31 August 2020 was that of a golf club, at which point the club was sold. Thereafter the company provided transitional advisory services to the new owners.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
C M Pharaoh
T Pharaoh
Statement of directors' responsibilities
The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
C M Pharaoh
Director
27 June 2025
EMDALE CONSTRUCTION LTD
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF EMDALE CONSTRUCTION LTD
- 2 -
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 June 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a true and fair view.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Xeinadin South East Limited
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT
27 June 2025
EMDALE CONSTRUCTION LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
2024
2023
Notes
£
£
Turnover
-
-
Administrative expenses
(5,992)
(32,119)
Other operating income
80,683
(Loss)/profit before taxation
(5,992)
48,564
Tax on (loss)/profit
(Loss)/profit for the financial year
(5,992)
48,564
The notes on pages 6 to 9 form part of these financial statements.
EMDALE CONSTRUCTION LTD
BALANCE SHEET
- 4 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
6,020
Current assets
Debtors
5
57,941
226,930
Cash at bank and in hand
17,191
17,194
75,132
244,124
Creditors: amounts falling due within one year
6
-
(51,004)
Net current assets
75,132
193,120
Total assets less current liabilities
75,132
199,140
Creditors: amounts falling due after more than one year
7
-
(77,421)
Net assets
75,132
121,719
Capital and reserves
Called up share capital
75,100
75,100
Profit and loss reserves
32
46,619
Total equity
75,132
121,719
The notes on pages 6 to 9 form part of these financial statements.
For the financial year ended 30 June 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 of its financial statements for the year in question in accordance with section 476.
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.
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 27 June 2025 and are signed on its behalf by:
C M Pharaoh
Director
Company registration number 03009732 (England and Wales)
EMDALE CONSTRUCTION LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 July 2022
75,100
(1,945)
73,155
Year ended 30 June 2023:
Profit and total comprehensive income
-
48,564
48,564
Balance at 30 June 2023
75,100
46,619
121,719
Year ended 30 June 2024:
Loss and total comprehensive income
-
(5,992)
(5,992)
Dividends
-
(40,595)
(40,595)
Balance at 30 June 2024
75,100
32
75,132
The notes on pages 6 to 9 form part of these financial statements.
EMDALE CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
1
Accounting policies
Company information
Emdale Construction Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Old Grange, Warren Estate, Lordship Road, Writtle, Essex, CM1 3WT.
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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
1.3
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:
Plant and equipment
25% on reducing balance
Computers
33% on cost
1.4
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
1.5
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.
EMDALE CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 7 -
1.6
Short terms debtors are measured at transaction price, less any impairment.
1.7
Short term creditors are measured at the transaction price.
2
Judgements and key sources of estimation uncertainty
No significant judgements or estimations have been applied in the preparation of the financial statements.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023
17,381
Disposals
(17,381)
At 30 June 2024
Depreciation and impairment
At 1 July 2023
11,361
Depreciation charged in the year
1,557
Eliminated in respect of disposals
(12,918)
At 30 June 2024
Carrying amount
At 30 June 2024
At 30 June 2023
6,020
EMDALE CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 8 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
53,887
140,822
Amounts owed by undertakings in which the company has a participating interest
14,546
Other debtors
4,054
71,562
57,941
226,930
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
8,349
Other creditors
42,655
-
51,004
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
49,557
Other creditors
27,864
-
77,421
8
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
31,341
In two to five years
27,864
-
59,205
9
Related party disclosures
At the balance sheet date an amount of £53,887 (2023: £155,368) was due from a related party.
EMDALE CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 9 -
10
Parent company
The company's immediate and ultimate parent is Environment Solutions Limited (04364629) a company registered in England and Wales, whose registered office is The Old Grange, Warren Estate, Lordship Road, Writtle, Essex, CM1 3WT.
The ultimate controlling party of the company is C M Pharaoh, the director, by virtue of his shareholding in the parent company, Environment Solutions Limited.