Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11020838 2022-11-01 2023-10-31 11020838 2021-11-01 2022-10-31 11020838 2023-10-31 11020838 2022-10-31 11020838 c:Director1 2022-11-01 2023-10-31 11020838 d:LeaseholdInvestmentProperty 2023-10-31 11020838 d:LeaseholdInvestmentProperty 2022-10-31 11020838 d:CurrentFinancialInstruments 2023-10-31 11020838 d:CurrentFinancialInstruments 2022-10-31 11020838 d:Non-currentFinancialInstruments 2023-10-31 11020838 d:Non-currentFinancialInstruments 2022-10-31 11020838 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11020838 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11020838 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 11020838 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 11020838 d:ShareCapital 2023-10-31 11020838 d:ShareCapital 2022-10-31 11020838 d:OtherMiscellaneousReserve 2023-10-31 11020838 d:OtherMiscellaneousReserve 2022-10-31 11020838 d:RetainedEarningsAccumulatedLosses 2023-10-31 11020838 d:RetainedEarningsAccumulatedLosses 2022-10-31 11020838 c:FRS102 2022-11-01 2023-10-31 11020838 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11020838 c:FullAccounts 2022-11-01 2023-10-31 11020838 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11020838 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 11020838









ERS PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
ERS PROPERTY LIMITED
REGISTERED NUMBER: 11020838

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
1,684,999
1,684,999

  
1,684,999
1,684,999

Current assets
  

Debtors: amounts falling due within one year
 5 
122,836
22,799

Cash at bank and in hand
 6 
5,021
25,814

  
127,857
48,613

Creditors: amounts falling due within one year
 7 
(403,603)
(822,188)

Net current liabilities
  
 
 
(275,746)
 
 
(773,575)

Total assets less current liabilities
  
1,409,253
911,424

Creditors: amounts falling due after more than one year
 8 
(1,192,881)
(703,743)

Provisions for liabilities
  

Deferred tax
  
(37,888)
(37,888)

  
 
 
(37,888)
 
 
(37,888)

Net assets
  
178,484
169,793


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
  
161,522
161,522

Profit and loss account
  
16,862
8,171

  
178,484
169,793


Page 1

 
ERS PROPERTY LIMITED
REGISTERED NUMBER: 11020838
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 November 2024.




E Parmenter
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ERS PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

ERS Property Limited (11020838) is a private company limited by shares and incorporated in England and Wales. The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
ERS PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ERS PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 November 2022
1,684,999



At 31 October 2023
1,684,999

The 2023 valuations were made by the director, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
1,498,350
1,498,350

1,498,350
1,498,350

Page 5

 
ERS PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
122,836
22,799

122,836
22,799



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
5,021
25,814

5,021
25,814



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
364,731
394,730

Corporation tax
2,039
2,042

Other creditors
-
388,583

Accruals and deferred income
36,833
36,833

403,603
822,188



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
1,192,881
703,743

1,192,881
703,743


 
Page 6