Emma Danmark Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10795906 (England and Wales)

Unaudited Financial Statements

for the Period 1 June 2018 to 31 December 2018

for

EMMA DANMARK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T Hansen

REGISTERED OFFICE:

20-22 Wenlock Road Wenlock Road

London

N1 7GU

REGISTERED NUMBER:

10795906 (England and Wales)

ACCOUNTANTS:

SKS Business Services Ltd

3 Sheen Road

Richmond Upon Thames

Surrey

TW9 1AD

FIXED ASSETS

Tangible assets

3

25,764

23,854

CURRENT ASSETS

Stocks

93,529

-

Debtors

4

27,014

86,666

Cash at bank and in hand

171,547

85,971

292,090

172,637

CREDITORS

Amounts falling due within one year

5

(333,561

)

(593,091

)

NET CURRENT LIABILITIES

(41,471

)

(420,454

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(15,707

)

(396,600

)

CREDITORS

Amounts falling due after more than one year

6

(2,619,854

)

-

NET LIABILITIES

(2,635,561

)

(396,600

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

7

(2,635,562

)

(396,601

)

SHAREHOLDERS' FUNDS

(2,635,561

)

(396,600

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 10 October 2019 and were signed by:

T Hansen - Director

1.	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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial

Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with

wholly owned subsidiaries within the group.

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

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period 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 period 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.

Foreign currencies

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 of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2018 - 1 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2018

27,388

Additions

8,239

At 31 December 2018

35,627

DEPRECIATION

At 1 June 2018

3,534

Charge for period

6,329

At 31 December 2018

9,863

NET BOOK VALUE

At 31 December 2018

25,764

At 31 May 2018

23,854

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.5.18

£

£

Trade debtors

-

532

Amounts owed by group undertakings

-

76,880

Other debtors

27,014

9,254

27,014

86,666

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.5.18

£

£

Trade creditors

250,180

125,546

Amounts owed to group undertakings

-

446,259

Taxation and social security

65,732

-

Other creditors

17,649

21,286

333,561

593,091

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.5.18

£

£

Amounts owed to group undertakings

2,619,854

-

7.

RESERVES

Retained

earnings

£

At 1 June 2018

(396,601

)

Deficit for the period

(2,238,961

)

At 31 December 2018

(2,635,562

)

8.	ULTIMATE CONTROLLING PARTY

The controlling party is T Hansen.

9.	GOING CONCERN

The director has confirmed that he will continue to give financial support to the company until such time as its

position improves. In addition, the director has confirmed that parent company as well as associated companies will

not recall loan within 12 months from the date of signing of this financial. The director consider that it is appropriate

to prepare the financial statements on a going concern basis.The financial statements do not include any adjustments

that would result if the financial support were withdrawn.