Company registration number: 13292417 (England and Wales)

 

 

 

 

ERIX LIMITED

 

 

 

 

 

 

UNAUDITED DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS

 

FOR THE YEAR ENDED 31st MARCH 2024

ERIX LIMITED

 

Unaudited Financial Statements

 

Year ended 31st March 2024

 

CONTENTS

PAGE

Officers and Professional Advisors

1

Directors Report

2

Balance Sheet

3

Notes to the Financial Statements

4-5

 

ERIX LIMITED

 

Officers and Professional Advisors

 

Year ended 31st March 2024

 

Directors

Mr E L White

 

Mr B R Kearvell-White

 

Ms C S White (appointed 27 April 2024)

 

Mr C L White (appointed 27 April 2024)

 

 

Registered Offices

71-75 Shelton Street

 

Covent Garden

 

London WC2 9EJ

 

 

Share Dealing / Investments

IG Markets Limited

 

Cannon Bridge House

 

25 Dowgate Hill

 

London EC4R 2YA

 

 

 

Charles Stanley & Co Limited

 

85 Bishopsgate

 

London EC2N 3AS

ERIX LIMITED

 

Directors Report

 

Year ended 31st March 2024

 

The directors present their annual report and financial statements for the year ended 31st March 2024.

 

PRINCIPAL ACTIVITIES

 

The principal activity of the company is investment in shares

 

DIRECTORS

 

The directors who served the company during the year were as follows:

 

Mr EL White

Mr B R Kearvell-White

Ms C S White (appointed 27 April 2024)

Mr C L White (appointed 27 April 2024)

 

DIRECTORS RESPONSIBILITIES STATEMENT

 

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit and loss of the Company for that period.

 

In preparing these financial statements, the directors are required to:

 

select suitable accounting policies and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to assume that the Company will continue in business.

 

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

SMALL COMPANY PROVISIONS

 

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

 

This report was approved by the board of directors on 30th September 2024 and signed on behalf of the board by

 

 

 

Brian Kearvell-White

 

Director

ERIX LIMITED

 

Balance Sheet

 

31st March 2024

 

 

 

2023

2024

 

Note

£

£

 

 

 

 

Investments

2

1,169,240

1,480,415

 

 

 

 

Debtors

3

0

0

Bank

 

6,270

1,855

 

 

 

 

Tax provision

 

(12,487)

0

 

 

 

 

Net Assets

 

1,163,023

1,482,270

 

 

 

 

Called up share Capital

4

1,075,000

1,525,000

 

 

 

 

Profit and loss account

5

88,023

(62,730)

 

 

 

 

Shareholders Funds

 

1,163,023

1,462,270

 

For the financial year ended 31st March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

 

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

 

These financial statements were approved by the board of directors and authorised for issue on 30th September 2024 and are signed on its behalf by:

 

 

 

 

Brian Kearvell-White

 

Director

 

Company registration number: 13292417

ERIX LIMITED

 

Notes to the Financial Statements

 

Year ended 31st March 2024

 

1     Accounting Policies

 

ACCOUNTING CONVENTION

 

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

 

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

 

GROSS INCOME / TURNOVER

 

Income represents gross income from investments during the year before any tax deductions. Income being from dividends and realised profit / loss from the sale of investments.

 

INVESTMENTS

 

Investments are recorded at cost.

 

2     Investments

 

Investments are held by IG Markets and Charles Stanley and are recorded at cost, currently there is an unrealised loss of £92,759 (2023 £161,838) due to fall in market values.

ERIX LIMITED

 

Notes to the Financial Statements (continued)

 

Year ended 31st March 2024

 

3     Debtors

 

 

2023

2024

 

£

£

Income held by IG Markets

0

0

Tax paid on income at source

0

0

 

0

0

 

Income held by Fund managers is included in cost of investments as the funds are available for investment

 

4     Share Capital

 

Allotted, called up and fully paid

 

 

 

2023

2024

 

£

£

Ordinary Shares of £1,000 each

1,075,000

1,525,000

 

In the year, further 450 shares were issued at par

 

5     Reserves

 

 

Profit and

 

Loss account

 

£

Profit at 31st March 2023

88,023

Loss for the year

(150,753)

 

 

Loss at 31st March 2024

(62,730)