Erden Investments Limited 11741558 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of investing in companies invested in natural resources Digita Accounts Production Advanced 6.30.9574.0 true true 11741558 2023-04-01 2024-03-31 11741558 2024-03-31 11741558 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-03-31 11741558 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-03-31 11741558 core:CurrentFinancialInstruments 2024-03-31 11741558 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11741558 bus:SmallEntities 2023-04-01 2024-03-31 11741558 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11741558 bus:FilletedAccounts 2023-04-01 2024-03-31 11741558 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11741558 bus:RegisteredOffice 2023-04-01 2024-03-31 11741558 bus:Director1 2023-04-01 2024-03-31 11741558 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11741558 countries:AllCountries 2023-04-01 2024-03-31 11741558 2022-04-01 2023-03-31 11741558 2023-03-31 11741558 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-03-31 11741558 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-03-31 11741558 core:CurrentFinancialInstruments 2023-03-31 11741558 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 11741558

Erden Investments Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Erden Investments Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 6

 

Erden Investments Limited

Company Information

Director

M D Erden

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Erden Investments Limited

Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

230,846

652,987

Current assets

 

Debtors

5

6,792

5,332

Cash at bank and in hand

 

-

4,045

 

6,792

9,377

Creditors: Amounts falling due within one year

6

(333,843)

(355,784)

Net current liabilities

 

(327,051)

(346,407)

Net (liabilities)/assets

 

(96,205)

306,580

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(96,207)

306,578

Shareholders' (deficit)/funds

 

(96,205)

306,580

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director has elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, section 444.

Approved and authorised by the director on 27 March 2025
 

.........................................

M D Erden

Director

Company registration number: 11741558

 

Erden Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of investing in companies invested in natural resources.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company had a net liabilities at 31 March 2024 amounting to £96,205.

At 31 March 2024 an amount of £32,333 was due to the director and an amount of £294,726 was due to a company under common control. Both have confirmed that they will continue to support the company and will not call for repayment until such time as it has sufficient working capital.

Having made enquiries, and based upon the above, the director has a reasonable expectation that the company has adequate resources to continue operating in the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Tax

The tax expense for the period comprises corporation tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Erden Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method.
Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

 

Erden Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

199,471

453,516

652,987

Additions

12

-

12

Fair value adjustments

(105,110)

-

(105,110)

Disposals

(13,557)

(303,486)

(317,043)

At 31 March 2024

80,816

150,030

230,846

Carrying amount

At 31 March 2024

80,816

150,030

230,846

At 31 March 2023

199,471

453,516

652,987

5

Debtors

2024
£

2023
£

Other debtors

6,792

5,332

6,792

5,332

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Loans and borrowings

7

97

-

Taxation and social security

 

135

43,374

Accruals and deferred income

 

6,552

3,900

Other creditors

 

327,059

308,510

 

333,843

355,784

 

Erden Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

97

-