Company Registration No. 10643724 (England and Wales)
EMOP LIMITED
Unaudited accounts
for the year ended 31 January 2025
EMOP LIMITED
Unaudited accounts
Contents
EMOP LIMITED
Company Information
for the year ended 31 January 2025
Company Number
10643724 (England and Wales)
Registered Office
SUITE 5 3RD FLOOR, SOVEREIGN HOUSE
1 ALBERT PLACE
LONDON
N3 1QB
ENGLAND
Accountants
Liberate Accountants Ltd
60, St Martins Lane
Covent Garden
London
WC2N 4JS
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
EMOP LIMITED
for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
EMOP LIMITED for the year ended
31 January 2025 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Liberate Accountants Ltd
Chartered Certified Accountants
60, St Martins Lane
Covent Garden
London
WC2N 4JS
8 August 2025
EMOP LIMITED
Statement of financial position
as at 31 January 2025
Cash at bank and in hand
11,104
10,184
Creditors: amounts falling due within one year
(1,716,433)
(1,538,018)
Net current liabilities
(1,669,405)
(1,490,433)
Net liabilities
(1,669,405)
(1,490,433)
Called up share capital
2,143
2,143
Profit and loss account
(1,671,548)
(1,492,576)
Shareholders' funds
(1,669,405)
(1,490,433)
For the year ending 31 January 2025 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 August 2025 and were signed on its behalf by
Mikhail Teyf
Director
Company Registration No. 10643724
EMOP LIMITED
Notes to the Accounts
for the year ended 31 January 2025
EMOP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10643724. The registered office is SUITE 5 3RD FLOOR, SOVEREIGN HOUSE, 1 ALBERT PLACE, LONDON, N3 1QB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
EMOP LIMITED
Notes to the Accounts
for the year ended 31 January 2025
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
The company is being supported in the form of investments from the shareholders to cover the costs. This support will continue for the foreseeable future and therefore the directors believe the company to be going concern.
EMOP LIMITED
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
9,864
14,435
Amounts due from group undertakings etc.
26,060
22,966
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
25,858
27,102
Taxes and social security
19,673
19,439
Other creditors
1,670,902
1,491,477
Allotted, called up and fully paid:
2,143 Ordinary shares of £1 each
2,143
2,143
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).