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REGISTERED NUMBER: 09533212 (England and Wales)















ERRESSE LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






ERRESSE LTD (REGISTERED NUMBER: 09533212)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


ERRESSE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







Directors: Dr R C E Solari
Mrs A P Solari





Registered office: 2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR





Registered number: 09533212 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR

ERRESSE LTD (REGISTERED NUMBER: 09533212)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 574 765
Investments 5 423,214 444,472
423,788 445,237

Current assets
Debtors 6 19,382 18,750
Cash at bank 128,485 77,544
147,867 96,294
Creditors
Amounts falling due within one year 7 15,630 13,154
Net current assets 132,237 83,140
Total assets less current liabilities 556,025 528,377

Capital and reserves
Called up share capital 100 100
Retained earnings 555,925 528,277
Shareholders' funds 556,025 528,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





Dr R C E Solari - Director


ERRESSE LTD (REGISTERED NUMBER: 09533212)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. Statutory information

Erresse Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Fixed asset investments are initially recorded at cost, and sequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

ERRESSE LTD (REGISTERED NUMBER: 09533212)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 April 2022
and 31 March 2023 2,437
Depreciation
At 1 April 2022 1,672
Charge for year 191
At 31 March 2023 1,863
Net book value
At 31 March 2023 574
At 31 March 2022 765

5. Fixed asset investments
Other
investments
£
Cost or valuation
At 1 April 2022 444,472
Additions 547,338
Disposals (558,317 )
Revaluations (10,279 )
At 31 March 2023 423,214
Net book value
At 31 March 2023 423,214
At 31 March 2022 444,472

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£
Valuation in 2022 5,983
Valuation in 2023 (10,279 )
Cost 427,510
423,214

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 19,382 18,750

ERRESSE LTD (REGISTERED NUMBER: 09533212)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. Creditors: amounts falling due within one year
2023 2022
£ £
Taxation and social security 10,956 10,471
Other creditors 4,674 2,683
15,630 13,154