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Company No: 11044635 (England and Wales)

ERIDGE HOUSE (HOLDINGS) LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

ERIDGE HOUSE (HOLDINGS) LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

ERIDGE HOUSE (HOLDINGS) LIMITED

BALANCE SHEET

As at 31 August 2024
ERIDGE HOUSE (HOLDINGS) LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 9,304,270 8,929,108
9,304,270 8,929,108
Current assets
Debtors 4 333,057 9,061
Cash at bank and in hand 39,787 284,949
372,844 294,010
Creditors: amounts falling due within one year 5 ( 1,215,786) ( 1,404,163)
Net current liabilities (842,942) (1,110,153)
Total assets less current liabilities 8,461,328 7,818,955
Net assets 8,461,328 7,818,955
Capital and reserves
Called-up share capital 6 6,000,000 6,000,000
Profit and loss account 2,461,328 1,818,955
Total shareholder's funds 8,461,328 7,818,955

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

Directors' responsibilities:

The financial statements of Eridge House (Holdings) Limited (registered number: 11044635) were approved and authorised for issue by the Board of Directors on 29 May 2025. They were signed on its behalf by:

Lucinda C A Waring
Director
ERIDGE HOUSE (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
ERIDGE HOUSE (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Eridge House (Holdings) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom. The address of the Company's trading activities is 1 Fulham Park Road, London, SW6 4LJ.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the revenue recognised by the company in respect of rental income during the year, exclusive of Value Added Tax. Income is recognised on an invoice basis. Appropriate adjustments are made for revenues received in advance.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 0

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 September 2023 8,929,108 8,929,108
Disposals ( 14,838) ( 14,838)
Reversal of building impairment 390,000 390,000
At 31 August 2024 9,304,270 9,304,270
Accumulated depreciation
At 01 September 2023 0 0
At 31 August 2024 0 0
Net book value
At 31 August 2024 9,304,270 9,304,270
At 31 August 2023 8,929,108 8,929,108

4. Debtors

2024 2023
£ £
Other debtors 333,057 9,061

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,851 15,500
Amounts owed to Group undertakings (note 7) 1,078,485 1,259,360
Taxation and social security 130,832 112,965
Other creditors 4,618 16,338
1,215,786 1,404,163

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
6,000,000 Ordinary shares of £ 1.00 each 6,000,000 6,000,000

7. Related party transactions

The Company has availed of the exemption provided in FRS 102 Section 33 Related Party Disclosures not to disclose transactions entered into with fellow group companies that are wholly owned within the group of companies of which the Company is a wholly owned member.

Bank loans in the subsidiary company are secured by a fixed and floating charge over all of the subsidiary's assets and all assets of the Company. The total amount secured is £529,765 (2023: £790,572).

Transactions with the entity’s directors (or members of its governing body)

Amounts owed by directors

2024 2023
£ £
Opening balance 0 0
Amounts advanced 320,000 0
Amounts repaid 0 0
320,000 0

Interest free loan, repayable on demand

8. Ultimate controlling party

The ultimate controlling party is Mrs L Waring by virtue of her shareholding.