Company registration number 14191003 (England and Wales)
ERA NEWCO LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ERA NEWCO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
ERA NEWCO LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
as restated
Notes
£
£
£
£
Current assets
Debtors falling due after more than one year
5
5,149,894
5,154,261
Debtors falling due within one year
5
15,001
1
5,164,895
5,154,262
Creditors: amounts falling due within one year
6
(9,600)
(2,100)
Net current assets
5,155,295
5,152,162
Capital and reserves
Called up share capital
7
67,085
66,102
Share premium account
5,088,160
5,088,160
Profit and loss reserves
50
(2,100)
Total equity
5,155,295
5,152,162

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 29 August 2025 and are signed on its behalf by:
Mr P Gardner
Director
Company registration number 14191003 (England and Wales)
ERA NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 2 -
1
Accounting policies
Company information

ERA Newco Limited is a private company limited by shares incorporated in England and Wales. The registered office is 23a Chess Business Park, Moor Road, Chesham, Buckinghamshire, HP5 1SD.

1.1
Reporting period

The financial statements cover the period from 1 December 2023 to 30 November 2024, as a result this is not wholly comparable with the prior years financial statements which covered the period 23 June 2022 to 30 November 2023, as the company was incorporated on the initial day of that period.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.3
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with 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.

ERA NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
ERA NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 4 -
3
Subsidiaries

Details of the company's subsidiaries at 30 November 2024 are as follows:

Name of undertaking
Address
Class of
% Held
shares held
Direct
Indirect
ERA Bidco Limited
1
Ordinary
100.00
-
ERA Holdco Limited
1
Ordinary
0
100.00
European Raid Arrays Limited
1
Ordinary
0
100.00

Registered office addresses (all UK unless otherwise indicated):

1
23a Chess Business Park, Moor Road, Chesham, Buckinghamshire, United Kingdom, HP5 1SD
4
Fixed asset investments

ERA Newco Limited owns an investment of £0.01 in ERA Bidco Limited. The accounts are rounded to the nearest £1, hence why this is not included within these accounts.

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
15,000
-
0
Other debtors
1
1
15,001
1
2024
2023
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
5,149,894
5,154,261
Total debtors
5,164,895
5,154,262
6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
9,600
2,100
ERA NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 5 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
673,084
673,084
6,731
6,731
Ordinary A shares of 1p each
2,139,800
2,139,800
21,398
21,398
Ordinary B shares of 1p each
3,486,000
3,486,000
34,860
34,860
Ordinary C shares of 1p each
409,636
311,324
4,096
3,113
6,708,520
6,610,208
67,085
66,102

Ordinary and A Ordinary shares are entitles to one vote per share. All other share categories are not entitled to voting rights. The B Ordinary shares have preferential treatment over the remaining classes of shares in the event of repayment of capital.

8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Adam Buse FCA
Statutory Auditor:
Fiander Tovell Limited
Date of audit report:
29 August 2025
9
Related party transactions

The company has taken advantage of the provisions of FRS 102 section 33.1A allowing transactions between wholly owned group entities not to be disclosed.

10
Prior period adjustment

The adjustment has arisen due to a receipt from a share option uptake being included in share premium rather than share capital, due to Companies House also not reflecting this increase in shares. Companies House has also been updated to reflect the transaction accurately.

Changes to the balance sheet
As previously reported
Adjustment
As restated at 30 Nov 2023
£
£
£
Net assets
5,152,162
-
5,152,162
Capital and reserves
Share capital
58,704
7,398
66,102
Share premium
5,095,558
(7,398)
5,088,160
Total equity
5,152,162
-
5,152,162
ERA NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
10
Prior period adjustment
(Continued)
- 6 -
Changes to the profit and loss account
As previously reported
Adjustment
As restated
Period ended 30 November 2023
£
£
£
Loss for the financial period
(2,100)
-
(2,100)
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