REGISTERED NUMBER: 03758735 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Emerson Residential Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J M Horton

Mrs R Horton

A E Horton

REGISTERED OFFICE:

c/o OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Billingham

TS23 4EA

REGISTERED NUMBER:

03758735 (England and Wales)

ACCOUNTANTS:

OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Coxwold Way

Billingham

Co. Durham

TS23 4EA

FIXED ASSETS

Tangible assets

4

11,489

-

Investment property

5

7,725,000

7,669,000

7,736,489

7,669,000

CURRENT ASSETS

Debtors

6

2,919,002

2,025,789

Investments

7

72,723

72,723

Cash at bank and in hand

35,233

35,295

3,026,958

2,133,807

CREDITORS

Amounts falling due within one year

8

(1,269,941

)

(905,760

)

NET CURRENT ASSETS

1,757,017

1,228,047

TOTAL ASSETS LESS CURRENT LIABILITIES

9,493,506

8,897,047

CREDITORS

Amounts falling due after more than one year

9

(3,285,305

)

(3,798,388

)

PROVISIONS FOR LIABILITIES

(654,379

)

(640,379

)

NET ASSETS

5,553,822

4,458,280

CAPITAL AND RESERVES

Called up share capital

400

400

Revaluation reserve

11

2,772,035

2,730,035

Retained earnings

2,781,387

1,727,845

5,553,822

4,458,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th July 2026 and were signed on its behalf by:

A E Horton - Director

1.	STATUTORY INFORMATION

Emerson Residential Properties 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.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

12,825

At 31st March 2025

12,825

DEPRECIATION

Charge for year

1,336

At 31st March 2025

1,336

NET BOOK VALUE

At 31st March 2025

11,489

5.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1st April 2024

7,669,000

Revaluations

56,000

At 31st March 2025

7,725,000

NET BOOK VALUE

At 31st March 2025

7,725,000

At 31st March 2024

7,669,000

Cost or valuation at 31st March 2025 is represented by:

£

Valuation in 2023

2,255,414

Valuation in 2025

56,000

Cost

5,413,586

7,725,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,919,002

2,025,789

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Other

72,723

72,723

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

194,055

Tax

384,685

401,950

Directors' current accounts

875,256

309,755

1,269,941

905,760

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

4,167

3,798,388

Other creditors

3,281,138

-

3,285,305

3,798,388

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Loans

3,281,138

3,968,276

11.

RESERVES

Revaluation

reserve

£

At 1st April 2024

2,730,035

Non distributable

42,000

At 31st March 2025

2,772,035