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REGISTERED NUMBER: 11876146 (England and Wales)











Financial Statements

for the Year Ended 31 March 2023

for

ERGANIAN LIMITED

ERGANIAN LIMITED (REGISTERED NUMBER: 11876146)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ERGANIAN LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr T G Feingold





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 11876146 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

ERGANIAN LIMITED (REGISTERED NUMBER: 11876146)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 168,171 206,153
Investment property 5 1,300,000 1,237,237
1,468,171 1,443,390

CURRENT ASSETS
Debtors 6 2,001 2,001
Cash at bank 23,691 12,667
25,692 14,668
CREDITORS
Amounts falling due within one year 7 1,214,184 1,251,499
NET CURRENT LIABILITIES (1,188,492 ) (1,236,831 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,679

206,559

PROVISIONS FOR LIABILITIES 8 51,723 30,281
NET ASSETS 227,956 176,278

CAPITAL AND RESERVES
Called up share capital 9 2,002 2,002
Non distributable reserves 155,169 127,523
Retained earnings 70,785 46,753
SHAREHOLDERS' FUNDS 227,956 176,278

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 director acknowledges his 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.

ERGANIAN LIMITED (REGISTERED NUMBER: 11876146)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 24 October 2023 and were signed by:





Mr T G Feingold - Director


ERGANIAN LIMITED (REGISTERED NUMBER: 11876146)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Erganian 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 and rebates.

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 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

ERGANIAN LIMITED (REGISTERED NUMBER: 11876146)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. FIXED ASSET INVESTMENTS
Listed
investme
£   
COST OR VALUATION
At 1 April 2022 206,153
Additions 3,998
Disposals (4,309 )
Revaluations (37,671 )
At 31 March 2023 168,171
NET BOOK VALUE
At 31 March 2023 168,171
At 31 March 2022 206,153

Cost or valuation at 31 March 2023 is represented by:

Listed
investme
£   
Valuation in 2021 13,306
Valuation in 2022 1,939
Valuation in 2023 (37,671 )
Cost 190,597
168,171

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,237,237
Revaluations 62,763
At 31 March 2023 1,300,000
NET BOOK VALUE
At 31 March 2023 1,300,000
At 31 March 2022 1,237,237

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2021 144,129
Valuation in 2023 62,763
Cost 1,093,108
1,300,000

ERGANIAN LIMITED (REGISTERED NUMBER: 11876146)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 2,001 2,001

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 9,152 3,717
Other creditors 37,591 37,590
Directors' current accounts 1,164,946 1,208,752
Accruals and deferred income 2,495 1,440
1,214,184 1,251,499

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 51,723 30,281

Deferred
tax
£   
Balance at 1 April 2022 30,281
Provided during year 21,442
Balance at 31 March 2023 51,723

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
2,000 C Ordinary £1 2,000 2,000
2,002 2,002

10. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £1,164,946 (2022 - £1,208,752), due and payable to the director. The amount is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T G Feingold.