Registered number
14549750
Ermin Hall Gloucester Limited
Unaudited Filleted Accounts
31 December 2023
Ermin Hall Gloucester Limited
Registered number: 14549750
Balance Sheet
as at 31 December 2023
Notes 2023
£
Fixed assets
Tangible assets 3 4,600,000
Current assets
Debtors 4 172,158
Cash at bank and in hand 2,590
174,748
Creditors: amounts falling due within one year 5 (4,144,145)
Net current liabilities (3,969,397)
Total assets less current liabilities 630,603
Provisions for liabilities (170,896)
Net assets 459,707
Capital and reserves
Called up share capital 100
Revaluation reserve 6 512,657
Profit and loss account (53,050)
Shareholders' funds 459,707
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved and authorised for issue on:
Peter Yianni
Director
Signed on behalf of the board on 19 September 2024
Ermin Hall Gloucester Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the net value of the rent received as per rental agreements.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023
Number
Average number of persons employed by the company 3
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 3,916,447
Surplus on revaluation 683,553
At 31 December 2023 4,600,000
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 4,600,000
Freehold land and buildings: 2023
£
Historical cost 3,916,447
Cumulative depreciation based on historical cost -
3,916,447
The investment properties were valued by the directors and the amount shown reflects their open market value at the year end.
4 Debtors 2023
£
Other debtors 172,158
5 Creditors: amounts falling due within one year 2023
£
Bank loans and overdrafts 2,288,000
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,625,600
Other creditors 230,545
4,144,145
6 Revaluation reserve 2023
£
Gain on revaluation of land and buildings 683,553
Deferred taxation arising on the revaluation of land and buildings (170,896)
At 31 December 2023 512,657
7 Other information
Ermin Hall Gloucester Limited is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor
10-12 Bourlet Close
London
W1W 7BR
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