Emerald IP Limited
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Notes to the Accounts |
for the year ended 31 August 2021
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Going concern |
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The directors consider the going concern basis to be appropriate as they will provide financial support to the company as required to enable it to meet its liabilities. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price).
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2 |
Employees |
2021 |
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2020 |
Number |
Number |
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Average number of persons employed by the company including directors |
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2 |
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2 |
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3 |
Intangible fixed assets |
£ |
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Development: |
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Cost |
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At 1 September 2020 |
9,946 |
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At 31 August 2021 |
9,946 |
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Amortisation |
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At 1 September 2020 |
9,946 |
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At 31 August 2021 |
9,946 |
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Net book value |
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At 31 August 2021 |
- |
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4 |
Creditors: amounts falling due within one year |
2021 |
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2020 |
£ |
£ |
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Other creditors |
9,846 |
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9,846 |
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5 |
Controlling party |
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The company is under the control of Mr S Wardlaw by virtue of his majority shareholding.
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6 |
Other information |
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Emerald IP Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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286 Queensbridge Road |
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London |
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E8 3NH |