Ember Estates Limited Company accounts
Ember Estates Limited Company accounts
COMPANY REGISTRATION NUMBER:
00923509
|
|
|
|
Financial Statements |
Year ended 30 June 2020
Contents |
Page |
Directors' report |
1 |
Income statement |
2 |
Statement of financial position |
3 |
Notes to the financial statements |
5 |
|
Directors' Report |
Year ended 30 June 2020
The directors present their report and the unaudited financial statements of the company for the year ended
30 June 2020
.
Directors
The directors who served the company during the year were as follows:
|
|
|
|
Small company provisions
This report was approved by the board of directors on
8 June 2021
and signed on behalf of the board by:
|
Director |
Registered office: |
|
|
|
|
|
|
Income Statement |
Year ended 30 June 2020
2020 |
2019 |
|
Note |
£ |
£ |
Turnover |
|
– |
Cost of sales |
|
– |
--------- |
---- |
|
Gross loss |
(
|
– |
Administrative expenses |
|
|
Other operating income |
|
|
-------- |
-------- |
|
Operating (loss)/profit |
(
|
|
Other interest receivable and similar income |
|
|
|
Interest payable and similar expenses |
|
|
|
-------- |
-------- |
||
(Loss)/profit before taxation |
4 |
(
|
|
Tax on (loss)/profit |
|
|
-------- |
-------- |
|
(Loss)/profit for the financial year |
(
|
|
-------- |
-------- |
|
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
|
Statement of Financial Position |
2020 |
2019 |
||
Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
|
|
|
Investments |
6 |
|
|
|
------------ |
------------ |
|||
|
|
|||
Current assets
Stocks |
|
|
||
Debtors |
7 |
|
|
|
Cash at bank and in hand |
|
|
||
------------ |
------------ |
|||
|
|
|||
Creditors: Amounts falling due within one year |
8 |
|
|
|
------------ |
------------ |
|||
Net current assets |
|
|
||
------------ |
------------ |
|||
Total assets less current liabilities |
|
|
||
Creditors: Amounts falling due after more than one year |
9 |
|
|
|
------------ |
------------ |
|||
Net assets |
|
|
||
------------ |
------------ |
|||
Capital and reserves
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
------------ |
------------ |
||
Shareholders funds |
|
|
|
------------ |
------------ |
||
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
8 June 2021
, and are signed on behalf of the board by:
|
Director |
Company registration number:
00923509
|
Notes to the Financial Statements |
Year ended 30 June 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Castle Business Village, Station Road, Hampton, Middlesex, TW12 2BX.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings |
- |
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
Stocks
Government grants
4.
Profit before taxation
Profit before taxation is stated after charging:
2020 |
2019 |
|
£ |
£ |
|
Depreciation of tangible assets |
|
|
---- |
---- |
|
5.
Tangible assets
Fixtures and fittings |
|
£ |
|
Cost |
|
At 1 July 2019 and 30 June 2020 |
|
-------- |
|
Depreciation |
|
At 1 July 2019 |
|
Charge for the year |
|
-------- |
|
At 30 June 2020 |
|
-------- |
|
Carrying amount |
|
At 30 June 2020 |
|
-------- |
|
At 30 June 2019 |
|
-------- |
|
6.
Investments
Shares in group undertakings |
Loans to group undertakings |
Shares in participating interests |
Total |
|
£ |
£ |
£ |
£ |
|
Cost |
||||
At 1 July 2019 |
|
(
|
|
|
Additions |
– |
(
|
– |
(
|
Other movements |
– |
– |
(
|
(
|
------------ |
--------- |
--------- |
------------ |
|
At 30 June 2020 |
|
(
|
|
|
------------ |
--------- |
--------- |
------------ |
|
Impairment |
||||
At 1 July 2019 and 30 June 2020 |
– |
– |
– |
– |
------------ |
--------- |
--------- |
------------ |
|
Carrying amount |
||||
At 30 June 2020 |
|
(
|
|
|
------------ |
--------- |
--------- |
------------ |
|
At 30 June 2019 |
|
(
|
|
|
------------ |
--------- |
--------- |
------------ |
|
99% of Share Capital of Chalford Property Company Limited (a company incorporated in England and Wales) was acquired during a previous period.
Group Accounts have not been prepared as the Group qualifies as a Small Group under Section 398 of the Companies Act 2006.
The net profit after tax of the subsidiary for the year to 30 June 2020 was £96,864 (2019 - £72,419) and the capital and reserves at that date amounted to £6,211,064 (2019 - £6,114,200).
Included within other operating income is the company's share of profits from its participating interest in Emberden LLP for the year ended 31 March 2020. The following year's accounts of the LLP have not yet been completed and any profits for that year will be included in the results of this company for the year ended 30 June 2021.
7.
Debtors
2020 |
2019 |
|
£ |
£ |
|
Other debtors |
|
|
------- |
--------- |
|
8.
Creditors:
Amounts falling due within one year
2020 |
2019 |
|
£ |
£ |
|
Trade creditors |
|
|
Corporation tax |
– |
|
Unsecured Loan - Director |
25,448 |
(1,200)
|
Other creditors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
9.
Creditors:
Amounts falling due after more than one year
2020 |
2019 |
|
£ |
£ |
|
Unsecured Loan - Cox & Readman Developments Limited |
|
|
--------- |
--------- |
|
10.
Related party transactions
The company was under the control of
Mr J M Hickman
throughout the current and previous year. Mr J M Hickman
is a director and the majority shareholder. The unsecured loans from Mr J M Hickman
and Mr M Hickman
, directors of the company are referred to in Note 8. At 30 June 2020 and during the year then ended Mr M Hickman
was interested as a shareholder in Cox & Readman Developments Limited. The unsecured loan from that company is referred to in Note 9. During a previous year the company acquired 99% of the Share Capital of Chalford Property Company Limited from Mr M Hickman
. Part of the consideration for the purchase was the issue to Mr M Hickman
of £1,161,437 Floating Rate Unsecured Loan Notes 2013.The outstanding amount is shown under Other Creditors in Note 8. These Loan Notes carry interest at the rate of 3% over Base Rate.