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REGISTERED NUMBER: 03927849 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

THE ERMIN FARM PROPERTY LIMITED

THE ERMIN FARM PROPERTY LIMITED (REGISTERED NUMBER: 03927849)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 7


THE ERMIN FARM PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: J L Rawlinson
N W Alexos





SECRETARY: J L Rawlinson





REGISTERED OFFICE: The Office
Ermin Farm
Cricklade Road
Cirencester
Gloucestershire
GL7 5PN





REGISTERED NUMBER: 03927849 (England and Wales)





ACCOUNTANTS: Smith Heath Limited
Brent House
382 Gloucester Road
Cheltenham
Gloucestershire
GL51 7AY

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE ERMIN FARM PROPERTY LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Ermin Farm Property Limited for the year ended 31 December 2021 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of The Ermin Farm Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Ermin Farm Property Limited and state those matters that we have agreed to state to the Board of Directors of The Ermin Farm Property Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Ermin Farm Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Ermin Farm Property Limited. You consider that The Ermin Farm Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Ermin Farm Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Smith Heath Limited
Brent House
382 Gloucester Road
Cheltenham
Gloucestershire
GL51 7AY


13 June 2022

THE ERMIN FARM PROPERTY LIMITED (REGISTERED NUMBER: 03927849)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2 2
Investment property 5 1,220,000 1,220,000
1,220,002 1,220,002

CURRENT ASSETS
Debtors 6 1,231 867
Cash at bank 23,085 4,395
24,316 5,262
CREDITORS
Amounts falling due within one year 7 704,574 670,121
NET CURRENT LIABILITIES (680,258 ) (664,859 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

539,744

555,143

CREDITORS
Amounts falling due after more than one
year

8

23,314

40,052
NET ASSETS 516,430 515,091

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 403,502 403,502
Retained earnings 112,926 111,587
SHAREHOLDERS' FUNDS 516,430 515,091

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 ERMIN FARM PROPERTY LIMITED (REGISTERED NUMBER: 03927849)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2022 and were signed on its behalf by:





N W Alexos - Director


THE ERMIN FARM PROPERTY LIMITED (REGISTERED NUMBER: 03927849)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

The Ermin Farm Property 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 as modified by the revaluation of certain assets.

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 - 25% on cost
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 ) .

THE ERMIN FARM PROPERTY LIMITED (REGISTERED NUMBER: 03927849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 704 400 1,104
DEPRECIATION
At 1 January 2021
and 31 December 2021 703 399 1,102
NET BOOK VALUE
At 31 December 2021 1 1 2
At 31 December 2020 1 1 2

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 1,220,000
NET BOOK VALUE
At 31 December 2021 1,220,000
At 31 December 2020 1,220,000

Fair value at 31 December 2021 is represented by:
£   
Valuation in 2011 208,985
Valuation in 2016 295,392
Cost 715,623
1,220,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 1,231 867

THE ERMIN FARM PROPERTY LIMITED (REGISTERED NUMBER: 03927849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 16,000 16,000
Amounts owed to group undertakings 51,206 16,062
Taxation and social security 1,316 2,007
Other creditors 636,052 636,052
704,574 670,121

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 23,314 40,052

9. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 39,314 56,052

The bank loan is secured by a fixed and floating charge over the assets of the company.

10. RELATED PARTY DISCLOSURES

At 31 December 2021, an amount of £634,727 (2020 - £634,727) was due to N W Alexos, director of the company. The loan is interest free and repayable on demand.

At 31 December 2021, an amount of £51,206 (2020 - £16,062) was due to The Original Architectural Antiques Co. Ltd, a company connected to J L Rawlinson, director of the company.