EMN Property Limited - Period Ending 2016-03-31

Registration number: 09555496

EMN Property Limited

Unaudited Abbreviated Accounts

for the Period from 22 April 2015 to 31 March 2016

 

EMN Property Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

EMN Property Limited
(Registration number: 09555496)
Abbreviated Balance Sheet at 31 March 2016

		Note			31 March 2016 £
Fixed assets
Tangible fixed assets					477,873
Current assets
Debtors					6,998
Cash at bank and in hand					80,690
					87,688
Creditors: Amounts falling due within one year					(591,687)
Net current liabilities					(503,999)
Total assets less current liabilities					(26,126)
Creditors: Amounts falling due after more than one year					(716)
Net liabilities					(26,842)
Capital and reserves
Called up share capital		3			2
Profit and loss account					(26,844)
Shareholders' deficit					(26,842)

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 22 July 2016

.........................................
Ms E Coates
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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EMN Property Limited
Notes to the Abbreviated Accounts for the Period from 22 April 2015 to 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Land and buildings	nil
Improvements	nil

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		477,873			477,873
At 31 March 2016		477,873			477,873
Depreciation
At 31 March 2016		-			-
Net book value
At 31 March 2016		477,873			477,873

3	Share capital

Allotted, called up and fully paid shares

	31 March 2016
		No.			£
Ordinary shares of £1 each		2			2

Page 2

EMN Property Limited
Notes to the Abbreviated Accounts for the Period from 22 April 2015 to 31 March 2016
......... continued

New shares allotted

During the period 2 Ordinary shares having an aggregate nominal value of £2 were allotted for an aggregate consideration of £2.

Page 3