Company registration number 15745126 (England and Wales)
EMI GROUP (HOLDINGS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
EMI GROUP (HOLDINGS) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
EMI GROUP (HOLDINGS) LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
Notes
£
£
Fixed assets
Investments
3
2,000,000
Current assets
-
Creditors: amounts falling due within one year
4
(1,785,527)
Net current liabilities
(1,785,527)
Net assets
214,473
Capital and reserves
Called up share capital
100
Non-distributable profits reserve
5
250,000
Distributable profit and loss reserves
(35,627)
Total equity
214,473
For the financial period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 17 July 2025 and are signed on its behalf by:
Mr D K Salmon
Mr J Allen
Director
Director
Company registration number 15745126 (England and Wales)
EMI GROUP (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
EMI Group (Holdings) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Marlin House Agar Way, Pool, Redruth, Cornwall, TR15 3SF.
1.1
Reporting period
The financial statements have been prepared from the date of incorporation 28 May 2024 to the year end 31 December 2024 and is therefore a period shorter than 12 months.
1.2
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 certain financial instruments at fair value. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.3
Fixed asset investments
Interests in subsidiaries are measured at fair value. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
3
Fixed asset investments
2024
£
Shares in group undertakings and participating interests
2,000,000
EMI GROUP (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
3
Fixed asset investments
(Continued)
- 3 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 28 May 2024
-
Additions
2,000,000
At 31 December 2024
2,000,000
Carrying amount
At 31 December 2024
2,000,000
During the year, the company acquired 100% ownership of EMI South West Limited for £1,750,000. This is considered to be its fair value.
During the year, the company acquired 100% ownership of EMI Developments Limited for nil consideration. This is recorded at its fair value of £250,000.
4
Creditors: amounts falling due within one year
2024
£
Amounts owed to group undertakings
1,334,462
Taxation and social security
5,231
Other creditors
445,834
1,785,527
5
Non-distributable profits reserve
2024
£
At the beginning of the period
-
Non distributable profits in the period
250,000
At the end of the period
250,000