Emmaljunga Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

Emmaljunga Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04076760 . The registered office is 1 Chapel Street, Warwick, CV34 4HL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

Though the Company is operating at a loss, the Directors have a reasonable expectation that the Company will continue to have access to adequate resources to continue in operational existence for the foreseeable future. The Directors have considered a letter of support from its immediate parent company stating that they will support the Company should it not be in a position to meet any repayment obligations. Thus, the Directors continue to adopt the going concern basis in preparing the annual financial statements.

2.3. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. 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 to and from related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.5. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Debtors

Basic financial assets, including trade and other debtors, are intially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

2.7. 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.

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Emmaljunga Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2.9. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: NIL (2023: NIL)

4. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	200
VAT	5,001	2,410
Other taxes and social security	-	2,041

	5,001	4,651

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,145	(96 )
Accruals and deferred income	5,500	5,850
Amounts owed to group undertakings	253,495	253,400

	260,140	259,154

The amounts owed to group undertakings and undertakings in which the company has a participating interest are unsecured, interest free and repayable on demand.

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

7. Dividends

No dividends were proposed or paid during the current or prior year.

8. Related Party Transactions

The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.

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Emmaljunga Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Emmaljunga Barnvagnsfabrik AB , incorporated in Sweden. Copies of the group accounts may be obtained from the secretary, 14 Kronobergsvagen, Vitssjo, 262 61 . The ultimate controlling party is Emmaljunga Barnvagnsfabrik AB who controls 100% of the shares of Emmaljunga Limited .

10. Audit Information

The auditor's report on the accounts of Emmaljunga Limited for the year ended 31 December 2024 was qualified.

The basis of qualification in the auditor's report was as follows:

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

With respect to a bank balance of £17,047 at 31 December 2024 and £60,338 at 31 December 2023 presented as Cash at Bank, the audit evidence available to us was limited because we were unable to obtain a Bank Report for Audit Purposes directly from the company’s bank. We have seen evidence of the existence and value of this balance on certain documents from the bank although this was not deemed sufficient audit evidence. Consequently, we were unable to determine whether any adjustment to the value or presentation of the balance was necessary.

The matters required to report by exception are stated below:

The auditor's report was signed by Caroline Peverett BA FCA (Senior Statutory Auditor) for and on behalf of Tuerner Audit Limited , Statutory Auditor.

Tuerner Audit Limited

Bridge House

Old Grantham Road

Whatton

Nottingham

NG13 9FG

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		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	5,001		4,651
Cash at bank and in hand		46,817		60,338

		51,818		64,989
Creditors: Amounts Falling Due Within One Year	5	(260,140 )		(259,154 )

NET CURRENT ASSETS (LIABILITIES)			(208,322 )		(194,165 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(208,322 )		(194,165 )

NET LIABILITIES			(208,322 )		(194,165 )

CAPITAL AND RESERVES
Called up share capital	6		1		1
Profit and Loss Account			(208,323 )		(194,166 )

SHAREHOLDERS' FUNDS			(208,322)		(194,165)