Emerton Investments Limited - Accounts to registrar (filleted) - small 18.2

Emerton Investments Limited - Accounts to registrar (filleted) - small 18.2

EMERTON INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 04628493 (England and Wales)









EMERTON INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019





UHY Hacker Young (Bham) LLP
9 - 11 Vittoria Street
Birmingham
B1 3ND








EMERTON INVESTMENTS LIMITED (REGISTERED NUMBER: 04628493)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EMERTON INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTOR: S Mirthipati





REGISTERED OFFICE: The Apollo Hotel
243-247 Hagley Road
Edgbaston
Birmingham
West Midlands
B16 9RA





REGISTERED NUMBER: 04628493 (England and Wales)





ACCOUNTANTS: UHY Hacker Young (Bham) LLP
9 - 11 Vittoria Street
Birmingham
B1 3ND
Page 1
EMERTON INVESTMENTS LIMITED (REGISTERED NUMBER: 04628493)

BALANCE SHEET
31 DECEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,500,000 6,500,000

CURRENT ASSETS
Debtors 5 1,097,355 1,230,093
Cash at bank 311,011 287,290
1,408,366 1,517,383
CREDITORS
Amounts falling due within one year 6 7,066 17,166
NET CURRENT ASSETS 1,401,300 1,500,217
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,901,300
8,000,217

CREDITORS
Amounts falling due after more than
one year
7
5,466,400
5,566,400
NET ASSETS 2,434,900 2,433,817

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 1,743,878 1,743,878
Retained earnings 690,022 688,939
SHAREHOLDERS' FUNDS 2,434,900 2,433,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 notes form part of these financial statements

Page 2 continued...
EMERTON INVESTMENTS LIMITED (REGISTERED NUMBER: 04628493)

BALANCE SHEET - continued
31 DECEMBER 2019


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 December 2020 and were signed by:





S Mirthipati - Director


The notes form part of these financial statements

Page 3
EMERTON INVESTMENTS LIMITED (REGISTERED NUMBER: 04628493)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

1. STATUTORY INFORMATION

Emerton Investments 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.

Measurement convention
The financial statements are prepared on the historical cost basis except in the instance where assets and liabilities are stated at their fair value.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they have adopted the going concern basis of accounting in preparing these financial statements.

Basic financial instruments

Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits.

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.

Page 4 continued...
EMERTON INVESTMENTS LIMITED (REGISTERED NUMBER: 04628493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

2. ACCOUNTING POLICIES - continued

Taxation
Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other income, in which case it is recognised directly in equity or other income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date.

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is it 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 NIL (2018 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2019
and 31 December 2019 5,700,000 800,000 6,500,000
NET BOOK VALUE
At 31 December 2019 5,700,000 800,000 6,500,000
At 31 December 2018 5,700,000 800,000 6,500,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 1,097,355 1,230,093

Page 5 continued...
EMERTON INVESTMENTS LIMITED (REGISTERED NUMBER: 04628493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Taxation and social security 6,566 16,666
Other creditors 500 500
7,066 17,166

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 2018
£    £   
Other creditors 5,466,400 5,566,400

8. RESERVES
Revaluation
reserve
£   
At 1 January 2019
and 31 December 2019 1,743,878

Page 6