REGISTERED NUMBER: 03927849 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE ERMIN FARM PROPERTY LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Statement of Financial Position

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTORS:

J L Rawlinson

N W Alexos

SECRETARY:

J L Rawlinson

REGISTERED OFFICE:

The Office

Ermin Farm

Cricklade Road

Cirencester

Gloucestershire

GL7 5PN

REGISTERED NUMBER:

03927849 (England and Wales)

ACCOUNTANTS:

Smith Heath Limited

Brent House

382 Gloucester Road

Cheltenham

Gloucestershire

GL51 7AY

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Ermin Farm Property Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of The Ermin Farm Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Ermin Farm Property Limited and state those matters that we have agreed to state to the Board of Directors of The Ermin Farm Property Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Ermin Farm Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Ermin Farm Property Limited. You consider that The Ermin Farm Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Ermin Farm Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Smith Heath Limited

Brent House

382 Gloucester Road

Cheltenham

Gloucestershire

GL51 7AY

Date: 17 September 2025

FIXED ASSETS

Tangible assets

4

12,163

16,630

Investment property

5

1,700,000

1,231,696

1,712,163

1,248,326

CURRENT ASSETS

Debtors

6

1,280

1,168

Cash at bank

24,096

10,175

25,376

11,343

CREDITORS

Amounts falling due within one year

7

748,571

738,233

NET CURRENT LIABILITIES

(723,195

)

(726,890

)

TOTAL ASSETS LESS CURRENT LIABILITIES

988,968

521,436

PROVISIONS FOR LIABILITIES

2,311

3,160

NET ASSETS

986,657

518,276

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

403,502

403,502

Retained earnings

583,153

114,772

SHAREHOLDERS' FUNDS

986,657

518,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 17 September 2025 and were signed on its behalf by:

N W Alexos - Director

1.	STATUTORY INFORMATION

The Ermin Farm Property 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

704

25,910

26,614

Additions

-

2,480

2,480

At 31 December 2024

704

28,390

29,094

DEPRECIATION

At 1 January 2024

703

9,281

9,984

Charge for year

-

6,947

6,947

At 31 December 2024

703

16,228

16,931

NET BOOK VALUE

At 31 December 2024

1

12,162

12,163

At 31 December 2023

1

16,629

16,630

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,231,696

Revaluations

468,304

At 31 December 2024

1,700,000

NET BOOK VALUE

At 31 December 2024

1,700,000

At 31 December 2023

1,231,696

Fair value at 31 December 2024 is represented by:

£

Valuation in 2011

208,985

Valuation in 2016

295,392

Valuation in 2024

468,304

Cost

727,319

1,700,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

1,280

1,168

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

5,239

Amounts owed to group undertakings

110,191

95,206

Taxation and social security

2,148

1,656

Other creditors

636,232

636,132

748,571

738,233

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

-

5,239

The bank loan is secured by a fixed and floating charge over the assets of the company.

9.	RELATED PARTY DISCLOSURES

At 31 December 2024, an amount of £634,727 (2023 - £634,727) was due to N W Alexos, director of the company. The loan is interest free and repayable on demand.

At 31 December 2024, an amount of £110,193 (2023 - £95,203) was due to The Original Architectural Antiques Co. Ltd, a company connected to J L Rawlinson, director of the company.