Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31trueNo description of principal activity332022-04-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05302786 2022-04-01 2023-03-31 05302786 2021-04-01 2022-03-31 05302786 2023-03-31 05302786 2022-03-31 05302786 2021-04-01 05302786 c:Director5 2022-04-01 2023-03-31 05302786 d:CurrentFinancialInstruments 2023-03-31 05302786 d:CurrentFinancialInstruments 2022-03-31 05302786 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05302786 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05302786 d:ShareCapital 2022-04-01 2023-03-31 05302786 d:ShareCapital 2023-03-31 05302786 d:ShareCapital 2021-04-01 2022-03-31 05302786 d:ShareCapital 2022-03-31 05302786 d:ShareCapital 2021-04-01 05302786 d:SharePremium 2022-04-01 2023-03-31 05302786 d:SharePremium 2023-03-31 05302786 d:SharePremium 2021-04-01 2022-03-31 05302786 d:SharePremium 2022-03-31 05302786 d:SharePremium 2021-04-01 05302786 d:CapitalRedemptionReserve 2022-04-01 2023-03-31 05302786 d:CapitalRedemptionReserve 2023-03-31 05302786 d:CapitalRedemptionReserve 2021-04-01 2022-03-31 05302786 d:CapitalRedemptionReserve 2022-03-31 05302786 d:CapitalRedemptionReserve 2021-04-01 05302786 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 05302786 d:RetainedEarningsAccumulatedLosses 2023-03-31 05302786 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 05302786 d:RetainedEarningsAccumulatedLosses 2022-03-31 05302786 d:RetainedEarningsAccumulatedLosses 2021-04-01 05302786 c:FRS102 2022-04-01 2023-03-31 05302786 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05302786 c:FullAccounts 2022-04-01 2023-03-31 05302786 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05302786 2 2022-04-01 2023-03-31 05302786 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 05302786


ERAS HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2023

 
ERAS HOLDINGS LIMITED
REGISTERED NUMBER:05302786

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
309,310
309,310

  
309,310
309,310

Current assets
  

Cash at bank and in hand
  
826
281,184

  
826
281,184

Creditors: amounts falling due within one year
 5 
(41,339)
(7,577)

Net current (liabilities)/assets
  
 
 
(40,513)
 
 
273,607

Total assets less current liabilities
  
268,797
582,917

  

Net assets
  
268,797
582,917


Capital and reserves
  

Called up share capital 
  
11,149
17,568

Share premium account
  
60,930
60,930

Capital redemption reserve
  
17,376
10,957

Profit and loss account
  
179,342
493,462

  
268,797
582,917


Page 1

 
ERAS HOLDINGS LIMITED
REGISTERED NUMBER:05302786
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S Davison
Director

Date: 2 November 2023

Page 2

 
ERAS HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 April 2022
17,568
60,930
10,957
493,462
582,917


Comprehensive income for the year

Profit for the year

-
-
-
536,689
536,689


Other comprehensive income for the year
-
-
-
-
-


Total comprehensive income for the year
-
-
-
536,689
536,689


Contributions by and distributions to owners

Dividends: Equity capital
-
-
-
(516,700)
(516,700)

Purchase of own shares
-
-
6,419
(334,109)
(327,690)

Shares cancelled during the year
(6,419)
-
-
-
(6,419)


Total transactions with owners
(6,419)
-
6,419
(850,809)
(850,809)


At 31 March 2023
11,149
60,930
17,376
179,342
268,797


The notes on pages 5 to 7 form part of these financial statements.

Page 3

 
ERAS HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 April 2021
17,568
60,930
10,957
268,545
358,000


Comprehensive income for the year

Profit for the year

-
-
-
224,917
224,917


Other comprehensive income for the year
-
-
-
-
-


Total comprehensive income for the year
-
-
-
224,917
224,917


Total transactions with owners
-
-
-
-
-


At 31 March 2022
17,568
60,930
10,957
493,462
582,917


The notes on pages 5 to 7 form part of these financial statements.

Page 4

 
ERAS HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

ERAS Holdings Limited is a private company limited by shares and incorporated in England and Wales, registration number 05302786. The registered office is Providence Court, 105 Denmark Street, Diss IP22 4WN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Page 5

 
ERAS HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

  
2.8

Group accounts

Group accounts have not been prepared as the it has taken advantage of the exemptions available to small groups. These financial statements therefore only refer to the parent undertaking.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
309,310



At 31 March 2023
309,310




Page 6

 
ERAS HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
39,542
5,780

Other creditors
1,476
1,476

Accruals and deferred income
321
321

41,339
7,577


 
Page 7