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REGISTERED NUMBER: 13068823 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

ERM Investments Limited

ERM Investments Limited (Registered number: 13068823)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ERM Investments Limited

Company Information
for the Year Ended 31 March 2024







Directors: Dr O E Ogbonna
M A J Rolle
A Wilkin





Secretary:





Registered office: 101 Dunraven Street
Tonypandy
CF40 1AR





Registered number: 13068823 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

ERM Investments Limited (Registered number: 13068823)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
Fixed assets
Investment property 4 700,000 655,000

Current assets
Debtors 5 210 192
Cash at bank 31,334 23,948
31,544 24,140
Creditors
Amounts falling due within one year 6 244,452 230,788
Net current liabilities (212,908 ) (206,648 )
Total assets less current liabilities 487,092 448,352

Creditors
Amounts falling due after more than one year 7 481,262 481,262
Net assets/(liabilities) 5,830 (32,910 )

Capital and reserves
Called up share capital 100 100
Retained earnings 5,730 (33,010 )
5,830 (32,910 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ERM Investments Limited (Registered number: 13068823)

Balance Sheet - continued
31 March 2024


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 1 August 2024 and were signed on its behalf by:




M A J Rolle - Director Dr O E Ogbonna - Director




A Wilkin - Director


ERM Investments Limited (Registered number: 13068823)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

ERM 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.

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 comprises the total rents receivable by the company.

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.

3. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

ERM Investments Limited (Registered number: 13068823)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. Investment property
Total
£   
Fair value
At 1 April 2023 655,000
Additions 45,000
At 31 March 2024 700,000
Net book value
At 31 March 2024 700,000
At 31 March 2023 655,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 700,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 616,438 616,438

The Investment property was valued on an open market basis on 31 March 2024 by the company directors. .

5. Debtors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Other debtors 210 192

6. Creditors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Mortgage 15,038 15,038
Other creditors 229,414 215,750
244,452 230,788

7. Creditors: amounts falling due after more than one year
31.3.24 31.3.23
£    £   
Mortgage 481,262 481,262

ERM Investments Limited (Registered number: 13068823)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. Secured debts

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Mortgage 496,300 496,300

The mortgage is secured by a charge against the investment property.

9. Related party disclosures

Included within other creditors is a directors loan of £74,094 (2023 : £69,802) owed to Mr Wilkins. Interest is charged at 10% and the loan is repayable on demand.

Included within other creditors is an inter-company loan of £71,669 (2023 : £67,617) received from a company controlled by the director, Mr O E Ogbonna. Interest is charged at 10% and the loan is repayable on demand.


Included within other creditors is an inter-company loan of £77,871 (2023 : £74,080) received from a company controlled by the director, Mr M Rolle. Interest is charged at 10% and the loan is repayable on demand.

The ultimate controlling party are the company directors.