The EMEA Enterprise Company Limited 04301146 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the provision of property rental services. Digita Accounts Production Advanced 6.30.9574.0 true 04301146 2024-01-01 2024-12-31 04301146 2024-12-31 04301146 bus:Director4 1 2024-12-31 04301146 core:CurrentFinancialInstruments 2024-12-31 04301146 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04301146 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 04301146 core:MotorVehicles 2024-12-31 04301146 core:OfficeEquipment 2024-12-31 04301146 core:PlantMachinery 2024-12-31 04301146 bus:SmallEntities 2024-01-01 2024-12-31 04301146 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04301146 bus:FilletedAccounts 2024-01-01 2024-12-31 04301146 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04301146 bus:RegisteredOffice 2024-01-01 2024-12-31 04301146 bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 04301146 bus:Director4 2024-01-01 2024-12-31 04301146 bus:Director4 1 2024-01-01 2024-12-31 04301146 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04301146 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04301146 core:MotorVehicles 2024-01-01 2024-12-31 04301146 core:OfficeEquipment 2024-01-01 2024-12-31 04301146 core:PlantMachinery 2024-01-01 2024-12-31 04301146 countries:EnglandWales 2024-01-01 2024-12-31 04301146 2023-12-31 04301146 bus:Director4 1 2023-12-31 04301146 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 04301146 core:MotorVehicles 2023-12-31 04301146 core:OfficeEquipment 2023-12-31 04301146 core:PlantMachinery 2023-12-31 04301146 2023-01-01 2023-12-31 04301146 2023-12-31 04301146 bus:Director4 1 2023-12-31 04301146 core:CurrentFinancialInstruments 2023-12-31 04301146 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04301146 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 04301146 core:MotorVehicles 2023-12-31 04301146 core:OfficeEquipment 2023-12-31 04301146 core:PlantMachinery 2023-12-31 04301146 bus:Director4 1 2023-01-01 2023-12-31 04301146 bus:Director4 1 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 04301146

The EMEA Enterprise Company Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

The EMEA Enterprise Company Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 7

 

The EMEA Enterprise Company Limited

(Registration number: 04301146)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,829,522

1,795,584

Current assets

 

Stocks

5

972

972

Debtors

6

13,741

17,204

Cash at bank and in hand

 

1,841

2,210

 

16,554

20,386

Creditors: Amounts falling due within one year

7

(750,694)

(738,027)

Net current liabilities

 

(734,140)

(717,641)

Total assets less current liabilities

 

1,095,382

1,077,943

Provisions for liabilities

(92,683)

(82,806)

Net assets

 

1,002,699

995,137

Capital and reserves

 

Called up share capital

611

611

Revaluation reserve

262,827

234,594

Retained earnings

739,261

759,932

Shareholders' funds

 

1,002,699

995,137

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

The EMEA Enterprise Company Limited

(Registration number: 04301146)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 27 June 2025 and signed on its behalf by:
 

.........................................
A N Abbs
Company secretary and director

 

The EMEA Enterprise Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Lower Farm Court
Hambridge Lane
Newbury
Berkshire
RG14 5TH
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of property renting services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

The EMEA Enterprise Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% per annum of net book value and 10% per annum of cost

Office equipment

10%-33.3% per annum of cost

Motor vehicles

25% per annum of net book value

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for property renting services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

The EMEA Enterprise Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Tangible assets

Investment properties
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

1,771,584

145,967

15,988

15,892

1,949,431

Revaluations

37,644

-

-

-

37,644

Additions

-

-

333

-

333

At 31 December 2024

1,809,228

145,967

16,321

15,892

1,987,408

Depreciation

At 1 January 2024

-

131,079

10,961

11,807

153,847

Charge for the year

-

1,761

1,257

1,021

4,039

At 31 December 2024

-

132,840

12,218

12,828

157,886

Carrying amount

At 31 December 2024

1,809,228

13,127

4,103

3,064

1,829,522

At 31 December 2023

1,771,584

14,887

5,028

4,085

1,795,584

Revaluation

Investment properties have been revalued at 31 December 2024 by the directors based on their estimate of their market value.

 

The EMEA Enterprise Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

5

Stocks

2024
£

2023
£

Wine stocks

972

972

6

Debtors

2024
£

2023
£

Trade debtors

1,008

93

Other debtors

9,106

13,692

Prepayments

3,627

3,419

13,741

17,204

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

1,568

Amounts owed to related parties

8

710,943

696,862

Taxation and social security

 

16,441

14,081

Other creditors

 

23,310

25,516

 

750,694

738,027

 

The EMEA Enterprise Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

8

Related party transactions

Summary of transactions with key management

TEEC Limited (a company controlled by A N Abbs) received rechargeable expenses of £16,667 (2023: £12,500) from the company. At the balance sheet date the amount due to TEEC Limited was £710,943 (2023: £696,862).
 

Transactions with directors

2024

At 1 January 2024
£

Advances to director
£

Repayments by director
£

At 31 December 2024
£

A M S Abbs

Director loan account

10,194

606

(3,451)

7,349

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

A M S Abbs

Director loan account

-

11,522

(1,328)

10,194

Other related party transactions

A N Abbs (director) had a loan account with the company. At the balance sheet date the amount due to A N Abbs was £11,255 (2023: £10,918).

A N W Abbs (director) had a loan account with the company. At the balance sheet date the amount due to A N W Abbs was £7,285 (2023: £7,285).