Eminence Grise Limited - Accounts to registrar (filleted) - small 18.2

EMINENCE GRISE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Hoggett

SECRETARY:

REGISTERED OFFICE:

Blackberry Hill Orley Road

Ipplepen

Newton Abbot

Devon

TQ12 5SA

REGISTERED NUMBER:

10352364 (England and Wales)

ACCOUNTANTS:

Barretts

Chartered Accountants &

Chartered Tax Advisers

22 Union Street

Newton Abbot

Devon

TQ12 2JS

FIXED ASSETS

Tangible assets

4

-

85

CURRENT ASSETS

Debtors

5

78

1,638

Prepayments and accrued income

8,852

8,802

Cash at bank

80,003

59,148

88,933

69,588

CREDITORS

Amounts falling due within one year

6

41,563

10,287

NET CURRENT ASSETS

47,370

59,301

TOTAL ASSETS LESS CURRENT LIABILITIES

47,370

59,386

PROVISIONS FOR LIABILITIES

7

-

16

NET ASSETS

47,370

59,370

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

47,369

59,369

SHAREHOLDERS' FUNDS

47,370

59,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 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 director and authorised for issue on 23 March 2022 and were signed by:

J M Hoggett - Director

1.	STATUTORY INFORMATION

Eminence Grise 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.

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 cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2020

and 31 August 2021

842

DEPRECIATION

At 1 September 2020

757

Charge for year

85

At 31 August 2021

842

NET BOOK VALUE

At 31 August 2021

-

At 31 August 2020

85

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

78

114

Other debtors

-

1,524

78

1,638

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

5,405

(5,119

)

Other creditors

36,158

15,406

41,563

10,287

7.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

-

16

Deferred

tax

£

Balance at 1 September 2020

16

Utilised during year

(16

)

Balance at 31 August 2021

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

1

Ordinary

1

1

1

9.

RESERVES

Retained

earnings

£

At 1 September 2020

59,369

Deficit for the year

(12,000

)

At 31 August 2021

47,369