Company Registration No. 10808911 (England and Wales)
Ericius Capital Limited
Unaudited accounts
for the year ended 30 June 2024
Ericius Capital Limited
Unaudited accounts
Contents
Ericius Capital Limited
Company Information
for the year ended 30 June 2024
Directors
Antonio Rizzo
Claudia Gorelli
Company Number
10808911 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
LONDON
WC2H 9JQ
UNITED KINGDOM
Accountants
Hazelnut Accounting Services
24 Lymington Court
All Saints Road
Sutton
Surrey
SM1 3DE
Ericius Capital Limited
Statement of financial position
as at 30 June 2024
Investment property
889,581
875,481
Cash at bank and in hand
2,021
468
Creditors: amounts falling due within one year
(472,173)
(473,771)
Net current liabilities
(465,768)
(468,969)
Total assets less current liabilities
423,958
406,512
Creditors: amounts falling due after more than one year
(567,060)
(567,061)
Provisions for liabilities
Deferred tax
(21,849)
(19,170)
Net liabilities
(164,951)
(179,719)
Called up share capital
2
2
Fair value reserve
84,259
72,838
Profit and loss account
(249,212)
(252,559)
Shareholders' funds
(164,951)
(179,719)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by
Antonio Rizzo
Director
Company Registration No. 10808911
Ericius Capital Limited
Notes to the Accounts
for the year ended 30 June 2024
Ericius Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 10808911. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment property is included at market fair value. Gains and losses are recognised in the income statement. Deferred taxation is provided on these gains and losses at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Ericius Capital Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Computer equipment
Fair value at 1 July 2023
875,481
Net gain from fair value adjustments
14,100
Valuation taken from Nationwide online house price calculator for 2024 Q2.
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Loans from directors
471,965
473,749
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
567,060
567,061
Onesavings Bank plc contains a fixed charge over the investment property.
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Ericius Capital Limited
Notes to the Accounts
for the year ended 30 June 2024
10
Transactions with related parties
During a previous accounting period the company made an interest free loan to Ericius World Ltd, which shares directors with Ericius Capital Ltd. An additional payment was made on behalf of this company in this period.
At the balance sheet date the amount outstanding was £4,384.29.
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).