Registered number
10406805
ERBILLER PROPERTY HOLDING LTD
Filleted Accounts
31 October 2023
ERBILLER PROPERTY HOLDING LTD
Registered number: 10406805
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Current assets
Stocks-WIP 235,573 -
Debtors 3 7,200 7,200
Cash at bank and in hand 9,071 179,679
251,844 186,879
Creditors: amounts falling due within one year 4 (258,844) (217,934)
Net current liabilities (7,000) (31,055)
Total assets less current liabilities (7,000) (31,055)
Creditors: amounts falling due after more than one year 5 (80,363) (54,212)
Net liabilities (87,363) (85,267)
Capital and reserves
Called up share capital 100 100
Profit and loss account (87,463) (85,367)
Shareholder's funds (87,363) (85,267)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts 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.
Mr Erbil Erbil
Director
Approved by the board on 21 October 2024
ERBILLER PROPERTY HOLDING LTD
Notes to the Accounts
for the year ended 31 October 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years (no depreciation charged)
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Other debtors 7,200 7,200
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 25,452
Trade creditors 81,535 2,413
Amounts owed to group undertakings and undertakings in which the company has a participating interest 77,600 77,600
Taxation and social security costs (12,291) 469
Other creditors 112,000 112,000
258,844 217,934
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - (151)
Other creditors 80,363 54,363
80,363 54,212
6 Other information
ERBILLER PROPERTY HOLDING LTD is a private company limited by shares and incorporated in England. Its registered office is:
410 Mare Street
Hackney
London
UK
E8 1HP
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