EMERALD HOLDING LONDON LTD

Registered number

14872951

Report and Accounts

31 May 2025

EMERALD HOLDING LONDON LTD
Report and accounts
Contents




Page

Company information	1
Director's report	2
Accountants' report	3
Profit and loss account	4
Balance sheet	5
Statement of changes in equity	6
Notes to the accounts	7

EMERALD HOLDING LONDON LTD

Company Information

Director

Mr Luqmaan Mahomed

Accountants

Nexus Accounting services Ltd

7 Joshua Close

Coventry

CV4 9DB

Registered office

3rd Floor The Glass House

177-187 Arthur Road

London

SW19 8AE

Registered number

14872951

EMERALD HOLDING LONDON LTD
Registered number:		14872951
Director's Report

The director presents his report and accounts for the year ended 31 May 2025.

Principal activities
The company acts as an intermediate holding company within the Emerald group and holds investments in subsidiary undertakings.

Directors
The following persons served as directors during the year:

	Mr Luqmaan Mahomed - appointed 6 February 2026
	Mr Haroon Abdul Aziz - resigned 6 February 2026

Director's responsibilities
The director acknowledges that he is responsible for preparing the report and accounts in accordance with applicable law and regulations.

Company law requires the director to prepare accounts for each financial year. Under that law the director has elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the director is required to:
●	select suitable accounting policies and then apply them consistently;
●	make judgements and estimates that are reasonable and prudent;
●	prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the accounts comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

The company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 May 2025. The members have not required the company to obtain an audit under section 476.

This report was approved by the board on 26 February 2026 and signed on its behalf.





Mr Luqmaan Mahomed
Director

EMERALD HOLDING LONDON LTD
Accountants' Report


Accountants' report to the director of
EMERALD HOLDING LONDON LTD

You consider that the company is exempt from an audit for the year ended 31 May 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Nexus Accounting services Ltd
Financial Accountants

7 Joshua Close
Coventry
CV4 9DB

27 February 2026

EMERALD HOLDING LONDON LTD
Profit and Loss Account
for the year ended 31 May 2025


	2025		2024
£		£


Administrative expenses	(1,200)		-

Operating loss	(1,200)		-

Interest payable	(153,118)		-

Loss before taxation	(154,318)		-

Tax on loss	-		-

Loss for the financial year	(154,318)		-

EMERALD HOLDING LONDON LTD
Registered number:		14872951
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Investments	3		1,000,000			-

Current assets
Debtors	4	450,100			100

Creditors: amounts falling due within one year	5	(1,200)			-

Net current assets			448,900			100

Total assets less current liabilities			1,448,900			100

Creditors: amounts falling due after more than one year	6		(1,603,118)			-



Net (liabilities)/assets			(154,218)			100

Capital and reserves
Called up share capital			100			100
Profit and loss account			(154,318)			-

Shareholder's funds			(154,218)			100

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Luqmaan Mahomed
Director
Approved by the board on 26 February 2026

EMERALD HOLDING LONDON LTD
Statement of Changes in Equity
for the year ended 31 May 2025

Share		Share		Profit		Total
capital		premium		and loss
account
£		£		£		£

At 13 May 2023	-		-		-		-


Shares issued	100		-		-		100

At 31 May 2024	100		-		-		100


Loss for the financial year	-		-		(154,318)		(154,318)

At 31 May 2025	100		-		(154,318)		(154,218)

EMERALD HOLDING LONDON LTD
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	General information
	Emerald Holding London Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, The Glass House, 177–187 Arthur Road, London, SW19 8AE. The principal activity of the company is that of an investment holding company.

	Basis of preparation
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”, applying Section 1A (Small Entities Regime). The financial statements have been prepared under the historical cost convention. The financial statements are presented in pounds sterling (£), which is the functional currency of the company.

	Going Concern
	The company has net liabilities at the reporting date. The director has received confirmation of continued financial support from the ultimate parent undertaking, Emerald Holding International Ltd. Having prepared forecasts for a period of at least 12 months from the date of approval of these financial statements, the director considers it appropriate to prepare the financial statements on a going concern basis.

	Investments
	Investments in subsidiary undertakings are stated at cost less accumulated impairment losses. The director reviews the carrying value of investments at each reporting date and recognises an impairment loss where the recoverable amount is less than carrying value.

	Financial instruments
	The company applies Sections 11 and 12 of FRS 102 in respect of financial instruments. Basic financial instruments include: • Loans from group undertakings • Amounts owed by group undertakings • Accruals and other payables Financial assets and financial liabilities are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method. Interest expense is recognised in profit or loss using the effective interest method.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	-		-


3	Investments
Investments in
subsidiary
undertakings
£
	Cost
	Additions			1,000,000

	At 31 May 2025			1,000,000
	The company holds 100% of the ordinary share capital of Casa Realty Ltd, a private company incorporated in England and Wales. The registered office of Casa Realty Ltd is 3rd Floor The Glass House, 177-187 Arthur Road, London, England, SW19 8AE. The investment is held at cost.

	There were no disposals during the year.

	Impairment review
	The director has considered whether there are indicators of impairment at the reporting date. Based on the financial position and expected future cash flows of the subsidiary undertaking, no impairment provision is considered necessary.












4	Debtors	2025		2024
£			£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest	450,000		-
	Called up share capital not paid	100		100
		450,100		100

	Amounts owed by group undertakings
	The balance represents an unsecured intercompany receivable due from a fellow group undertaking. The amount: • Is unsecured • Is interest free • Is repayable on demand The director considers the carrying value to be recoverable in full and therefore no impairment provision has been recognised.

5	Creditors: amounts falling due within one year	2025		2024
£			£

	Other creditors	1,200		-


6	Creditors: amounts falling due after one year	2025		2024
£			£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,603,118		-


	Creditors falling due after more than one year include a shareholder loan from Emerald Holding International Ltd of £1,450,000 and accrued interest of £153,118. The loan is an unsecured loan with a term of 10 years and an interest rate of 7%, which is payable at maturity. It is classified as long-term debt because repayment is not expected to be requested within 12 months of the reporting date. Accrued interest is not capitalised to the principal balance and is presented separately within long-term creditors. Interest is accrued annually and charged to profit or loss.

7	Events after the reporting date

	There were no material events after the reporting date requiring disclosure or adjustment.

8	Taxation

	The company has incurred a loss for the year ended 31 May 2025. The company intends to surrender the current year tax loss to fellow group undertakings by way of group relief in accordance with Part 5 of the Corporation Tax Act 2010. Accordingly, no corporation tax liability arises for the year and no deferred tax asset has been recognised in respect of the tax losses.

9	Share Capital	2025		2024

	Issued Share Capital	100		100

	The issued share capital comprises 100 ordinary shares of £1 each. At the year end £100 remained unpaid. The company has one class of ordinary shares. All shares carry equal voting rights and rights to dividends and capital distributions.

10	Contingent liabilities

	The company had no contingent liabilities at 31 May 2025 (2024: £nil).

11	Related party transactions

	The immediate and ultimate parent undertaking is Emerald Holding International Ltd, incorporated in Seychelles. During the year, the company received funding from its parent undertaking. At 31 May 2025: • Loan principal outstanding: £1,450,000 • Accrued interest outstanding: £153,118 • Interest rate: 7% per annum • Terms: 10 years Interest expense recognised during the year amounted to £153,118. At the reporting date, the company was owed £450,000 by a fellow group undertaking, Casa Realty Ltd. The balance is unsecured, interest free and repayable on demand. The company had one director during the year. No remuneration was paid (2024: £nil).

12	Consolidation exemption

	The company is a parent undertaking as it holds 100% of the ordinary share capital of Casa Realty Ltd. The company has not prepared consolidated financial statements for the year ended 31 May 2025 as it is exempt under section 399 of the Companies Act 2006. The group qualifies as small under the size criteria set out in sections 382 and 383 of the Companies Act 2006 and the director has elected to apply this exemption.

13	Controlling party

	The immediate and ultimate controlling party of the company is: Emerald Holding International Ltd, a company incorporated in Seychelles.