2 01/01/2024 31/12/2024 2024-12-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2024-01-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13790107 2024-01-01 2024-12-31 13790107 2024-12-31 13790107 2023-12-31 13790107 2023-01-01 2023-12-31 13790107 2023-12-31 13790107 2022-12-31 13790107 core:MotorVehicles 2024-01-01 2024-12-31 13790107 bus:Director1 2024-01-01 2024-12-31 13790107 core:MotorVehicles 2024-12-31 13790107 core:WithinOneYear 2024-12-31 13790107 core:WithinOneYear 2023-12-31 13790107 core:AfterOneYear 2024-12-31 13790107 core:ShareCapital 2024-12-31 13790107 core:ShareCapital 2023-12-31 13790107 core:RetainedEarningsAccumulatedLosses 2024-12-31 13790107 core:RetainedEarningsAccumulatedLosses 2023-12-31 13790107 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 13790107 core:Non-currentFinancialInstruments 2024-12-31 13790107 core:Non-currentFinancialInstruments 2023-12-31 13790107 bus:SmallEntities 2024-01-01 2024-12-31 13790107 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13790107 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13790107 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13790107 bus:FullAccounts 2024-01-01 2024-12-31
Company registration number: 13790107
ERC Commercial Ltd
Unaudited filleted financial statements
31 December 2024
ERC Commercial Ltd
Contents
Statement of financial position
Notes to the financial statements
ERC Commercial Ltd
Statement of financial position
31 December 2024

|  |  | 2024 |  |  |  | 2023 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 27,426 |  |  |  | - |  |
Investments |  | 6 | 190,421 |  |  |  | 190,421 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 217,847 |  |  |  | 190,421
Current assets |  |  |  |  |  |  |  |  |
Cash at bank and in hand |  |  | 3,659 |  |  |  | 1,390 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 3,659 |  |  |  | 1,390 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 7 | ( 188,541) |  |  |  | ( 169,422) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current liabilities |  |  |  |  | ( 184,882) |  |  |  | ( 168,032)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 32,965 |  |  |  | 22,389
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 8 |  |  | ( 1,885) |  |  |  | -
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 31,080 |  |  |  | 22,389
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  | 30,980 |  |  |  | 22,289
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 31,080 |  |  |  | 22,389
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:
Mr Gary Clapton
Director
Company registration number: 13790107
ERC Commercial Ltd
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 384 Linthorpe Road, Middlesbrough, TS5 6HA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of the estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on the amounts recognised in the financial statements :Revaluation of investment propertiesThe company carries its investment property at fair value, with changes in fair value being recognised in profit or loss. The valuation of the company's property portfolio is inherently subjective due to, among other factors, the individual nature of each property, its location and the expected future rental values from that particular property. As a result, the valuations the company places on its property portfolio are subject to a degree of uncertainty and are made on the assumptions which may not be accurate, particularly in periods of volatility or low transaction flow in the property market.
Turnover
Turnover represents rents received on investment properties. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Motor vehicles | - | 25 % | straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets

|  | Motor vehicles | Total |  |  |  |  |
|  | £ | £ |  |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 January 2024 | - | - |  |  |  |  |
| Additions | 34,644 | 34,644 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 December 2024 | 34,644 | 34,644 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 January 2024 | - | - |  |  |  |  |
| Charge for the year | 7,218 | 7,218 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 December 2024 | 7,218 | 7,218 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 December 2024 | 27,426 | 27,426 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 December 2023 | - | - |  |  |  |  |
|  | _______ | _______ |  |  |  |  |

6. Investments

|  | Other investments other than loans | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 January 2024 and 31 December 2024 | 190,421 | 190,421 |  |  |  |
|  | _______ | _______ |  |  |  |
| Impairment |  |  |  |  |  |
| At 1 January 2024 and 31 December 2024 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 December 2024 | 190,421 | 190,421 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 December 2023 | 190,421 | 190,421 |  |  |  |
|  | _______ | _______ |  |  |  |

Investment properties comprise long leasehold land and buildings of £190,421 (2023 : £190,421). The historical cost of investment properties is £190,421 (2023 : £190,421).
7. Creditors: amounts falling due within one year

|  |  | 2024 | 2023
|  |  | £ | £
| Trade creditors |  | 4,218 | 4,218
| Corporation tax |  | - | 3,346
| Social security and other taxes |  | 925 | 925
| Other creditors |  | 183,398 | 160,933
|  |  | _______ | _______
|  |  | 188,541 | 169,422
|  |  | _______ | _______

8. Creditors: amounts falling due after more than one year

|  |  | 2024 | 2023
|  |  | £ | £
| Other creditors |  | 1,885 | -
|  |  | _______ | _______

9. Directors advances, credits and guarantees
There were no advances, credits or guarantees made to the directors during the year.