EMMA_ASSET_MANAGEMENT_LTD - Accounts

EMMA ASSET MANAGEMENT LIMITED - Company Information

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Company Registration No. 09152447 (England and Wales)

EMMA ASSET MANAGEMENT LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2015

EMMA ASSET MANAGEMENT LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

EMMA ASSET MANAGEMENT LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

3,519,389

Current assets

Stocks

7,276,273

Debtors

405,438

Cash at bank and in hand

673,047

8,354,758

Creditors: amounts falling due within one year

(12,079,997)

Net current liabilities

(3,725,239)

Total assets less current liabilities

(205,850)

Capital and reserves

Called up share capital

100

Profit and loss account

(205,950)

Shareholders' funds

(205,850)

For the financial Period ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period 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.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 19 April 2016

E Abduljawad

Director

Company Registration No. 09152447

EMMA ASSET MANAGEMENT LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 JULY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

At the balance sheet date, the company had net liabilities of £205,850. The directors have indicated that they will support the company financially and consequently, the accounts have been prepared on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of the directors support.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Tangible fixed assets and depreciation

Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

Fixed assets

Tangible assets

Cost

At 29 July 2014

Additions

3,519,389

At 31 July 2015

3,519,389

Share capital

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Ultimate parent company

The ultimate parent company is Abduljawad Investments Inc, a company incorporated in Panama.