ACCOUNTS - Final Accounts preparation

ESTATE MANAGEMENT LONDON LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-05-312022-05-312023-05-2632021-06-01falseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06703105 2021-06-01 2022-05-31 06703105 2020-06-01 2021-05-31 06703105 2022-05-31 06703105 2021-05-31 06703105 c:Director1 2021-06-01 2022-05-31 06703105 d:MotorVehicles 2021-06-01 2022-05-31 06703105 d:MotorVehicles 2022-05-31 06703105 d:MotorVehicles 2021-05-31 06703105 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 06703105 d:FurnitureFittings 2021-06-01 2022-05-31 06703105 d:FurnitureFittings 2022-05-31 06703105 d:FurnitureFittings 2021-05-31 06703105 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 06703105 d:ComputerEquipment 2021-06-01 2022-05-31 06703105 d:ComputerEquipment 2022-05-31 06703105 d:ComputerEquipment 2021-05-31 06703105 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 06703105 d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 06703105 d:CurrentFinancialInstruments 2022-05-31 06703105 d:CurrentFinancialInstruments 2021-05-31 06703105 d:Non-currentFinancialInstruments 2022-05-31 06703105 d:Non-currentFinancialInstruments 2021-05-31 06703105 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 06703105 d:CurrentFinancialInstruments d:WithinOneYear 2021-05-31 06703105 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 06703105 d:Non-currentFinancialInstruments d:AfterOneYear 2021-05-31 06703105 d:ShareCapital 2022-05-31 06703105 d:ShareCapital 2021-05-31 06703105 d:RetainedEarningsAccumulatedLosses 2022-05-31 06703105 d:RetainedEarningsAccumulatedLosses 2021-05-31 06703105 c:OrdinaryShareClass1 2021-06-01 2022-05-31 06703105 c:OrdinaryShareClass1 2022-05-31 06703105 c:OrdinaryShareClass1 2021-05-31 06703105 c:FRS102 2021-06-01 2022-05-31 06703105 c:AuditExempt-NoAccountantsReport 2021-06-01 2022-05-31 06703105 c:FullAccounts 2021-06-01 2022-05-31 06703105 c:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 06703105 6 2021-06-01 2022-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06703105

ESTATE MANAGEMENT LONDON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

REGISTERED NUMBER:06703105

ESTATE MANAGEMENT LONDON LIMITED

BALANCE SHEET

AS AT 31 MAY 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets	4		21,113		22,186
Investments			90,000		-
			111,113		22,186
Current assets
Debtors: amounts falling due within one year		10,911		8,529
Cash at bank and in hand		159,723		89,487
		170,634		98,016
Creditors: amounts falling due within one year	7	(46,933)		(36,838)
Net current assets			123,701		61,178
Total assets less current liabilities			234,814		83,364
Creditors: amounts falling due after more than one year	8		(198,031)		(58,225)

Net assets			36,783		25,139

Capital and reserves
Called up share capital	100	100
Profit and loss account	36,683	25,039
Total equity	36,783	25,139

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REGISTERED NUMBER:06703105

ESTATE MANAGEMENT LONDON LIMITED

BALANCE SHEET (CONTINUED)

AS AT 31 MAY 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime within Part 15 of the Companies Act 2006 and in accordance with Section 1A of Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Sven Weinast

Director

Date: 26 May 2023

The notes on pages 3 to 6 form part of these financial statements.

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ESTATE MANAGEMENT LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

1.	General information

Estate Management London Limited is a private company listed by shares and incorporated in England and Wales. The address of its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate
resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements
were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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ESTATE MANAGEMENT LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Motor vehicles	-	20%	reducing balance
Fixtures and fittings	-	33%	Over 3 years
Computer equipment	-	33%	Over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

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ESTATE MANAGEMENT LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

4.	Tangible fixed assets

	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
Cost or valuation
At 1 June 2021	32,000	5,488	1,320	38,808
Additions	-	-	4,415	4,415
At 31 May 2022	32,000	5,488	5,735	43,223
Depreciation
At 1 June 2021	9,814	5,488	1,320	16,622
Charge for the year on owned assets	4,437	-	1,051	5,488
At 31 May 2022	14,251	5,488	2,371	22,110
Net book value
At 31 May 2022	17,749	-	3,364	21,113
At 31 May 2021	22,186	-	-	22,186

5.	Fixed asset investments

		Other fixed asset investments
		£
	Cost or valuation
	Additions	90,000
	At 31 May 2022	90,000

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ESTATE MANAGEMENT LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

Debtors

					2022	2021
					£	£


Other debtors	6,926	6,926
Prepayments and accrued income	3,985	1,603
	10,911	8,529

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	2,850	-
Corporation tax	8,314	8,787
Other taxation and social security	10,263	292
Obligations under finance lease and hire purchase contracts	9,193	13,133
Other creditors	12,666	11,640
Accruals and deferred income	3,647	2,986
	46,933	36,838

8.	Creditors: Amounts falling due after more than one year
		2022	2021
		£	£

	Other creditors	198,031	58,225

9.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

100 (2021 - 100) Ordinary shares of £1.00 each	100	100

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