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REGISTERED NUMBER: 10099074 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 31 March 2023

for

ETR Investments Limited

ETR Investments Limited (Registered number: 10099074)






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

Chartered Accountants' Report 6

ETR Investments Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: T N Kiln
Mrs X Wang





REGISTERED OFFICE: St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE





REGISTERED NUMBER: 10099074 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

ETR Investments Limited (Registered number: 10099074)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 903,122 920,934

CURRENT ASSETS
Debtors 5 17,022 13,638
Cash at bank 1,044 1,194
18,066 14,832
CREDITORS
Amounts falling due within one year 6 383,940 400,307
NET CURRENT LIABILITIES (365,874 ) (385,475 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

537,248

535,459

CREDITORS
Amounts falling due after more than one year 7 203,502 204,960
NET ASSETS 333,746 330,499

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 305,586 305,586
Retained earnings 9 28,158 24,911
SHAREHOLDERS' FUNDS 333,746 330,499

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 15 November 2023 and were signed on its behalf by:





T N Kiln - Director


ETR Investments Limited (Registered number: 10099074)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

ETR Investments 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.

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.

Investment properties are initially measured at cost plus costs directly attributable to the acquisition. Subsequent measurement is with reference to fair value with any increases credited to the income statement and transferred to a non-distributable reserve. Any diminution in fair value, below that of amounts already credited to this reserve, are charged to the income statement. Any increases in property values which were previously charged to the income statement are credited from the income statement to the extent that the original charge is reversed.

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.

Share capital
Ordinary shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

ETR Investments Limited (Registered number: 10099074)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 938,746
DEPRECIATION
At 1 April 2022 17,812
Charge for year 17,812
At 31 March 2023 35,624
NET BOOK VALUE
At 31 March 2023 903,122
At 31 March 2022 920,934

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2020 105,586
Valuation in 2022 200,000
Cost 633,160
938,746

If the properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 633,160 633,160

The investment properties were valued on an open market basis on 31 March 2022 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 17,022 13,638

ETR Investments Limited (Registered number: 10099074)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,456 1,453
Trade creditors 9,337 -
Taxation and social security 10,017 4,432
Other creditors 363,130 394,422
383,940 400,307

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 3,402 4,860
Other creditors 200,100 200,100
203,502 204,960

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Property loans 200,100 200,100

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 24,911 305,586 330,497
Profit for the year 5,247 5,247
Dividends (2,000 ) (2,000 )
At 31 March 2023 28,158 305,586 333,744

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end Mr T Kiln was owed £362,080 (2022: £393,401) by the company, which is repayable on demand and attracts no interest.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
ETR Investments 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 Balance Sheet. 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 ETR Investments Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of ETR Investments 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 ETR Investments Limited and state those matters that we have agreed to state to the Board of Directors of ETR Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ETR Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ETR Investments 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 ETR Investments Limited. You consider that ETR Investments 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 ETR Investments 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.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


15 November 2023