ERA TRADING UK LTD


Directors	CUTHBERTSON, Philip John
	TANNA, Sanjay Chandulal


Registered Address	34 Forest Way
	Kings Hill
	West Malling
	ME19 4FW


Registered Number	12972515 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	31 Dec 2024		31 Oct 2023
		£	£	£	£
Fixed assets
Tangible assets	3		39,253		87,953
			39,253		87,953
Current assets
Debtors	4,5	1,838,320		281,872
Cash at bank and on hand		190,668		68,047
		2,028,988		349,919
Creditors amounts falling due within one year	6	(2,034,036)		(183,609)
Net current assets (liabilities)			(5,048)		166,310
Total assets less current liabilities			34,205		254,263
Net assets			34,205		254,263
Capital and reserves
Called up share capital			1		1
Profit and loss account			34,204		254,262
Shareholders' funds			34,205		254,263

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 September 2025, and are signed on its behalf by:

CUTHBERTSON, Philip John
Director
Registered Company No. 12972515

ERA TRADING UK LTD

Notes to the Financial Statements
for the period ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	The financial statements are prepared on a going concern basis. The directors consider the company has sufficient resources to continue for at least 12 months from the date of approval of these financial statements.

	Revenue from sale of goods
	Revenue from the provision of services is recognised by reference to the stage of completion of the transaction at the reporting date, when the outcome of the transaction can be estimated reliably. Revenue is measured at the fair value of the consideration received or receivable, to the extent that it is probable that the economic benefits will flow to the company and the costs incurred, or to be incurred, can be measured reliably.

Revenue from sale of goods

Revenue from the provision of services is recognised by reference to the stage of completion of the transaction at the reporting date, when the outcome of the transaction can be estimated reliably. Revenue is measured at the fair value of the consideration received or receivable, to the extent that it is probable that the economic benefits will flow to the company and the costs incurred, or to be incurred, can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	3

2.	Average number of employees


		2024		2023
	Average number of employees during the year	16		16

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 November 23	163,083	163,083
Additions	15,956	15,956
At 31 December 24	179,039	179,039
Depreciation and impairment
At 01 November 23	75,130	75,130
Charge for year	64,656	64,656
At 31 December 24	139,786	139,786
Net book value
At 31 December 24	39,253	39,253
At 31 October 23	87,953	87,953

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	60,033	54,339
Prepayments and accrued income	1,692,397	141,643
Total	1,752,430	195,982

5.	Debtors: amounts due after one year

	2024	2023
	£	£
Other debtors	85,890	85,890
Total	85,890	85,890

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	74,860	89,173
Bank borrowings and overdrafts	18,185	1,118
Amounts owed to related parties	128,920	19,773
Taxation and social security	55,434	66,209
Other creditors	4,416	4,147
Accrued liabilities and deferred income	1,752,221	3,189
Total	2,034,036	183,609

7.	Share capital
	The company has issued 1 ordinary share of £1, fully paid.

8.	Related party transactions
	During the period the company generated turnover of £6,538,513 (2023: £4,640,760) from sales to its fellow group undertaking, ERA Trading APAC PTE. LTD., under an agency agreement. At 31 December 2024 the company owed £100,000 (2023: £nil) to ERA Trading APAC PTE. LTD. The company also owed £26,420 (2023: £17,273) to ERA Commodities Limited, an entity under common control of the company’s directors and shareholders. All balances are unsecured, interest free and repayable on demand.

Related party transactions

During the period the company generated turnover of £6,538,513 (2023: £4,640,760) from sales to its fellow group undertaking, ERA Trading APAC PTE. LTD., under an agency agreement. At 31 December 2024 the company owed £100,000 (2023: £nil) to ERA Trading APAC PTE. LTD. The company also owed £26,420 (2023: £17,273) to ERA Commodities Limited, an entity under common control of the company’s directors and shareholders. All balances are unsecured, interest free and repayable on demand.

9.	Controlling party
	The company’s immediate parent undertaking is ERA Investments Pte Ltd, incorporated in Singapore. There is no single ultimate controlling party.