IRIS Accounts Production v25.4.0.155 07856601 Board of Directors 1.1.24 31.12.24 31.12.24 true false true false false true false Ordinary 0.0100 Series A Preferred 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078566012023-12-31078566012024-12-31078566012024-01-012024-12-31078566012022-12-31078566012023-01-012023-12-31078566012023-12-3107856601ns15:EnglandWales2024-01-012024-12-3107856601ns14:USDollar2024-01-012024-12-3107856601ns10:Director12024-01-012024-12-3107856601ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107856601ns10:SmallEntities2024-01-012024-12-3107856601ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3107856601ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107856601ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107856601ns10:FullAccounts2024-01-012024-12-3107856601ns10:OrdinaryShareClass12024-01-012024-12-3107856601ns10:OrdinaryShareClass22024-01-012024-12-3107856601ns10:Director22024-01-012024-12-3107856601ns10:RegisteredOffice2024-01-012024-12-3107856601ns5:CurrentFinancialInstruments2024-12-3107856601ns5:CurrentFinancialInstruments2023-12-3107856601ns5:ShareCapital2024-12-3107856601ns5:ShareCapital2023-12-3107856601ns5:RetainedEarningsAccumulatedLosses2024-12-3107856601ns5:RetainedEarningsAccumulatedLosses2023-12-3107856601ns5:CostValuation2023-12-3107856601ns5:Subsidiary12024-01-012024-12-31078566011ns5:Subsidiary12024-01-012024-12-3107856601ns5:Subsidiary22024-01-012024-12-3107856601ns5:Subsidiary232024-01-012024-12-3107856601ns5:Subsidiary32024-01-012024-12-31078566015ns5:Subsidiary32024-01-012024-12-3107856601ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107856601ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107856601ns10:OrdinaryShareClass12024-12-3107856601ns10:OrdinaryShareClass22024-12-31
REGISTERED NUMBER: 07856601 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

EMF CAPITAL PARTNERS LIMITED
EMF CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 07856601)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EMF CAPITAL PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: P Lovas
J Richards





REGISTERED OFFICE: Capital Tower
91 Waterloo Road
London
SE1 8RT





REGISTERED NUMBER: 07856601 (England and Wales)





ACCOUNTANTS: George Hay & Company
Chartered Accountants
83 Cambridge Street
London
SW1V 4PS
Page 1
EMF CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 07856601)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes $    $    $    $   
FIXED ASSETS
Investments 4 4,869,251 4,750,136

CURRENT ASSETS
Debtors 5 702,863 305,363
Cash at bank 306 1,536
703,169 306,899
CREDITORS
Amounts falling due within one year 6 1,198,478 899,428
NET CURRENT LIABILITIES (495,309 ) (592,529 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,373,942
4,157,607

CAPITAL AND RESERVES
Called up share capital 7 16,000 16,000
Retained earnings 4,357,942 4,141,607
SHAREHOLDERS' FUNDS 4,373,942 4,157,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st December 2025 and were signed on its behalf by:





J Richards - Director


The notes form part of these financial statements

Page 2
EMF CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 07856601)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

EMF Capital Partners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the US Dollar ($).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Drawings

Under the limited partnership agreements governing the EMF NEIF fund, EMF NEIF (GP) Limited (the general partner of those limited partnerships) is entitled to a priority share of the income and capital gains of the limited partnerships. The general partner is entitled to drawings on account of its ultimate profit shares and these represent interest free loans from the limited partnerships. However, if it subsequently transpires that the loans outstanding exceed the general partner's aggregate share of the income and capital gains of the limited partnerships, the partnership agreements provide that the balance of the loans would at that stage be waived. The general partner has assigned to the company a proportion of its entitlement as general partner and the company's receipts on account of the part of the general partner's share so assigned are reflected in the figure for "turnover". No tax is currently payable on these receipts (because they represent drawings on account of the general partner's share), but tax will be payable in due course to the extent that profits from the limited partnership are allocated to the general partner (and so to the company pro rata to its assigned interest in the general partner's share).

Fees receivable

Fees receivable relate to management services provided and are treated as income for the year in which they arise.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised costs 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 and 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.


Page 3 continued...
EMF CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 07856601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Interest
Shares in in other
group participating
undertakings interests Totals
$    $    $   
COST OR VALUATION
At 1st January 2024
and 31st December 2024 102 4,923,572 4,923,674
PROVISIONS
At 1st January 2024 - 173,538 173,538
Provision for year - (119,115 ) (119,115 )
At 31st December 2024 - 54,423 54,423
NET BOOK VALUE
At 31st December 2024 102 4,869,149 4,869,251
At 31st December 2023 102 4,750,034 4,750,136

Page 4 continued...
EMF CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 07856601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31st December 2024 is represented by:

Interest
Shares in in other
group participating
undertakings interests Totals
$    $    $   
Valuation in 2024 - 3,276,445 3,276,445
Cost 102 1,647,127 1,647,229
102 4,923,572 4,923,674

The company's investments at the Balance Sheet date in the share capital of companies include the following:

EMF Capital (UK) Limited
Registered office: United Kingdom
Nature of business: Financial services
%
Class of shares: holding
Ordinary 100.00

The investment comprises 230,001 shares of £1 and is carried at nil value.

EMF NEIF (GP) Limited
Registered office: Jersey
Nature of business: Financial Services
%
Class of shares: holding
Ordinary 100.00

The investment comprises of 100 shares of $1 and is carried at $100.

Jacana I Limited
Registered office: Jersey
Nature of business: Financial Services
%
Class of shares: holding
Ordinary 100.00

The investment comprises of 2 shares of $1 and is carried at $2.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
$    $   
Other debtors 363 363
Loans repayable 702,500 305,000
702,863 305,363

Page 5 continued...
EMF CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 07856601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
$    $   
Amounts owed to group undertakings 1,189,549 164,686
Other creditors 1,172 1,172
Directors' current accounts - 728,313
Accrued expenses 7,757 5,257
1,198,478 899,428

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: $    $   
10,000,000 Ordinary £0.00 1 16,000 16,000
1 Series A Preferred £1 - -
16,000 16,000

8. ULTIMATE CONTROLLING PARTY

The controlling party is P Lovas.

The ultimate controlling party is P Lovas.

Page 6