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Registered Number: 11136695
England and Wales

 

 

 

ERESS PROPERTY LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

Eress Property Ltd
Contents Page
For the year ended 31 December 2024
Director E King
Registered Number 11136695
Registered Office Unit 1 Hornbuckle Farm
Drift Road
Maidenhead
Berkshire
SL6 3TZ
Accountants Blue Peak
100 Berkshire Place
GF33
Winnersh
RG41 5RD
1
Director's report and financial statements
The director presents their annual report and the financial statements for the year ended 31 December 2024.
Director
The director who served the company throughout the year was as follows:
E King
Statement of director's responsibilities
The director is responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
E King
Director

Date approved: 18 July 2025
2
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 6,052    1,127 
6,052    1,127 
Current assets      
Debtors 4 15,775    8,812 
Cash at bank and in hand 5,003    28,327 
20,778    37,139 
Creditors: amount falling due within one year 5 (37,715)   (31,571)
Net current assets (16,937)   5,568 
 
Total assets less current liabilities (10,885)   6,695 
Creditors: amount falling due after more than one year 6 (1,764)   (5,922)
Net assets (12,649)   773 
 

Capital and reserves 		     
Called up share capital 7 1    1 
Profit and loss account (12,650)   772 
Shareholders' funds (12,649)   773 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 18 July 2025 and were signed by:


-------------------------------
E King
Director
3
General Information
Eress Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 11136695, registration address Unit 1 Hornbuckle Farm, Drift Road, Maidenhead, Berkshire, SL6 3TZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
Going concern basis
The director's believe that the company is experiencing good levels trading and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.


The company's liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Fixtures and Fittings 25% Straight Line
Computer Equipment 25% Straight Line
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.
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 January 2024 2,692    182    332    3,206 
Additions 6,862    -    -    6,862 
Disposals -    -    -    - 
At 31 December 2024 9,554    182    332    10,068 
Depreciation
At 01 January 2024 1,851    110    118    2,079 
Charge for year 1,808    46    83    1,937 
On disposals -    -    -    - 
At 31 December 2024 3,659    156    201    4,016 
Net book values
Closing balance as at 31 December 2024 5,895    26    131    6,052 
Opening balance as at 01 January 2024 841    72    214    1,127 


4.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 6,085    4,744 
Prepayments & Accrued Income 938    819 
Other Debtors 8,333    0 
VAT 419    3,249 
15,775    8,812 

5.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 7,883    7,883 
Bank Loans & Overdrafts 4,159    4,056 
Corporation Tax 0    4,077 
Other Creditors 1,976    2,135 
Directors' Current Accounts 23,697    13,420 
37,715    31,571 

6.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Bank Loans & Overdrafts 1,764    5,922 
1,764    5,922 

7.

Share Capital

Allotted, called up and fully paid
2024
£		   2023
£
1 Ordinary share of £1.00 each 1    1 
1    1 

4