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REGISTERED NUMBER: 11969519 (England and Wales)


















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ERDMAENNCHEN LIMITED

ERDMAENNCHEN LIMITED (REGISTERED NUMBER: 11969519)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ERDMAENNCHEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr R A Moss
Mr P Overlack





REGISTERED OFFICE: Winstons House
Carterton Industrial Estate
Carterton
Oxfordshire
OX18 3EZ





REGISTERED NUMBER: 11969519 (England and Wales)





AUDITORS: Haines Watts
Chartered Accountants & Statutory Auditors
Old Station House
Station Approach
Swindon
Wiltshire
SN1 3DU

ERDMAENNCHEN LIMITED (REGISTERED NUMBER: 11969519)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,600,000 2,650,000

CURRENT ASSETS
Debtors 5 71,813 63,313
Cash at bank 348,144 287,928
419,957 351,241
CREDITORS
Amounts falling due within one year 6 61,675 94,788
NET CURRENT ASSETS 358,282 256,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,958,282

2,906,453

CREDITORS
Amounts falling due after more than one
year

7

2,618,455

2,634,455
NET ASSETS 339,827 271,998

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 339,727 271,898
339,827 271,998

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





Mr R A Moss - Director


ERDMAENNCHEN LIMITED (REGISTERED NUMBER: 11969519)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Erdmaennchen Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Going concern
The company expects to continue to meet its day-to-day working capital requirements. The company's forecasts and projections show that the company should continue to be sufficiently cash generative. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Rental revenue is recognised in accordance with the lease terms.

Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location and condition of the specific asset. Changes in fair value are recognised in the profit and loss account.

ERDMAENNCHEN LIMITED (REGISTERED NUMBER: 11969519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

i. Financial assets

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

ii. Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and loan notes are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

iii. Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


ERDMAENNCHEN LIMITED (REGISTERED NUMBER: 11969519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 2,650,000
Revaluations (50,000 )
At 31 December 2024 2,600,000
NET BOOK VALUE
At 31 December 2024 2,600,000
At 31 December 2023 2,650,000

The property has been professionally valued on 12 December 2024. This valuation has been reflected within the company's financial statements.

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2022 (133,796 )
Valuation in 2024 (50,000 )
Cost 2,783,796
2,600,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Other debtors 71,813 63,313

ERDMAENNCHEN LIMITED (REGISTERED NUMBER: 11969519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Amounts owed to group undertakings 4,408 47,369
Taxation and social security 37,147 27,494
Other creditors 20,120 19,925
61,675 94,788

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Amounts owed to group undertakings 1,922,455 1,922,455
Other creditors 696,000 712,000
2,618,455 2,634,455

The loan due to group undertakings is unsecured and bears interest at 1.95% above the Bank of England base rate.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Emma Skinner FCCA (Senior Statutory Auditor)
for and on behalf of Haines Watts

9. RELATED PARTY DISCLOSURES

Transactions with entities under common control:

31/12/24 31/12/23
£ £
Rental income 180,000 150,000

The Company's immediate parent is Gebruder Overlack AG, incorporated in Germany.

The most senior parent entity producing publically available financial statements is Gebruder Overlack AG.

These financial statements are available upon request from Schloss Liedberg, Schlossstr 39, 41352 Korschenbroich, Germany.