Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. Financial instruments are recognised in the Company's Statement of Financial Position 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. Basic financial assets Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. 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 the deduction of all its liabilities. Basic financial liabilities, which include trade and other payables, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.09923177 2024-12-31 4 false 2024-01-01 4 false true 09923177 2024-01-01 2024-12-31 09923177 2023-01-01 2023-12-31 09923177 2024-12-31 09923177 2023-12-31 09923177 1 2024-01-01 2024-12-31 09923177 d:Director1 2024-01-01 2024-12-31 09923177 c:CurrentFinancialInstruments 2024-12-31 09923177 c:CurrentFinancialInstruments 2023-12-31 09923177 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 09923177 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 09923177 c:ShareCapital 2024-12-31 09923177 c:ShareCapital 2023-12-31 09923177 c:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 09923177 c:RetainedEarningsAccumulatedLosses 2024-12-31 09923177 c:RetainedEarningsAccumulatedLosses 2023-12-31 09923177 d:OrdinaryShareClass1 2024-01-01 2024-12-31 09923177 d:OrdinaryShareClass1 2024-12-31 09923177 d:OrdinaryShareClass1 2023-12-31 09923177 d:OrdinaryShareClass2 2024-01-01 2024-12-31 09923177 d:OrdinaryShareClass2 2024-12-31 09923177 d:OrdinaryShareClass2 2023-12-31 09923177 d:OrdinaryShareClass3 2024-01-01 2024-12-31 09923177 d:OrdinaryShareClass3 2024-12-31 09923177 d:OrdinaryShareClass3 2023-12-31 09923177 d:OrdinaryShareClass4 2024-01-01 2024-12-31 09923177 d:OrdinaryShareClass4 2024-12-31 09923177 d:OrdinaryShareClass4 2023-12-31 09923177 d:FRS102 2024-01-01 2024-12-31 09923177 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09923177 d:FullAccounts 2024-01-01 2024-12-31 09923177 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09923177 c:Subsidiary1 2024-01-01 2024-12-31 09923177 c:Subsidiary1 1 2024-01-01 2024-12-31 09923177 c:Subsidiary2 2024-01-01 2024-12-31 09923177 c:Subsidiary2 1 2024-01-01 2024-12-31 09923177 6 2024-01-01 2024-12-31 09923177 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

ERE Property Holdings Limited Registered number: 09923177 Information for filing with the Registrar For the year ended 31 December 2024
|  | 09923177 31 December 2024
ERE PROPERTY HOLDINGS LIMITED REGISTERED NUMBER: 09923177 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 57,932 |  | 57,932
|  |  | 57,932 |  | 57,932
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 1,185,557 |  | 2,443,675 |
Cash at bank and in hand | 6 | 62 |  | 566,856 |
|  | 1,185,619 |  | 3,010,531 |
Creditors: amounts falling due within one year | 7 | (1,184,899) |  | (2,707,271) |
Net current assets |  |  | 720 |  | 303,260
Total assets less current liabilities |  |  | 58,652 |  | 361,192
Net assets |  |  | 58,652 |  | 361,192
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 573 |  | 573
Profit and loss account | 9 |  | 58,079 |  | 360,619
|  |  | 58,652 |  | 361,192
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|  | 09923177 31 December 2024
ERE PROPERTY HOLDINGS LIMITED REGISTERED NUMBER: 09923177 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2024 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 November 2025.
Mr T S Morgan
Director
The notes on pages 3 to 9 form part of these financial statements. - 2 -
|  | 09923177 31 December 2024
ERE PROPERTY HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
ERE Property Holdings Limited is a private company, limited by shares and incorporated in England, registered number 09923177. The address of the registered office and principal place of business is Suite 1, Manor Mills, Manor Road, Leeds, LS11 9AH. The principal activity of the Company continued to be that of a holding company. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. These financial statements have been presented in pound sterling which is the functional currency of the Company, and rounded to the nearest £. The following principal accounting policies have been applied:
| 2.2 | Going concern
These financial statements have been prepared on a going concern basis. The directors, having considered the financial position of the Company for a period of at least twelve months from the date of signing these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the Company to continue as a going concern. Accordingly the directors have a reasonable expectation that the Company will continue in operational existence and thus they adopt the going concern basis of accounting in preparing the financial statements.
| 2.3 | Turnover
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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents commissions receivable due from the sale of property. Commission income is recognised in accordance with the contract terms on entitlement to income, this being on receipt by the developer of instalments due from customers. - 3 -
|  | 09923177 31 December 2024
ERE PROPERTY HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.4 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.5 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.6 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.7 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. - 4 -
|  | 09923177 31 December 2024
ERE PROPERTY HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.10 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. Financial instruments are recognised in the Company's Statement of Financial Position 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. Basic financial assets Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. - 5 -
|  | 09923177 31 December 2024
ERE PROPERTY HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.10 | Financial instruments (continued)
Impairment of financial assets Financial assets are assessed for indicators of impairment at each reporting date. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. 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 the deduction of all its liabilities. Basic financial liabilities, which include trade and other payables, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled. - 6 -
|  | 09923177 31 December 2024
ERE PROPERTY HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.10 | Financial instruments (continued)
| 2.11 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 4 (2023 - 4).
4. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 January 2024 | 57,932
| At 31 December 2024 | 57,932
| Subsidiary undertakings
| The following were subsidiary undertakings of the Company:
| Name | Registered office | Principal activity | Class of shares | Holding
| ERE Property Limited | Suite 1, Manor Mills, Manor Road, Leeds, England, LS11 9AH. | Estate agent | Ordinary | 100%
| ERE Property HK Limited | Room 303, 3/F St George's Building, 2 Ice House Street, Central, Hong Kong. | Estate agent | Ordinary | 100%
- 7 -
|  | 09923177 31 December 2024
ERE PROPERTY HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts owed by group undertakings | - | 1,211,631
| Amounts owed by entities under common control | 745,763 | 269,688
| Other debtors | 439,794 | 962,356
|  | 1,185,557 | 2,443,675
| Amounts owed by group undertakings are unsecured, interest free and repayable on demand.
6. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 62 | 566,856
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 1,113,330 | 2,697,407
| Corporation tax | 66,390 | -
| Accruals and deferred income | 5,179 | 9,864
|  | 1,184,899 | 2,707,271
| Amounts owed to group undertakings are unsecured, interest free and repayable on demand.
- 8 -
|  | 09923177 31 December 2024
ERE PROPERTY HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 161 (2023 - 161) A Ordinary shares of £1.00 each | 161 | 161
|  | 126 (2023 - 126) B Ordinary shares of £1.00 each | 126 | 126
|  | 160 (2023 - 160) C Ordinary shares of £1.00 each | 160 | 160
|  | 126 (2023 - 126) D Ordinary shares of £1.00 each | 126 | 126
|  |  | 573 | 573
| All shares have full voting, dividend and capital distribution rights.
9. | Reserves
Profit and loss account This reserve represents cumulative profits and losses, less any dividends declared.
10. | Related party transactions
| The Company has taken advantage of the exemption conferred by FRS 102 paragraph 33.1A and has not disclosed transactions and outstanding balances with its fellow subsidiary undertakings on the basis that all the relevant companies are directly or indirectly wholly owned by the Company. At the year end amounts due from the directors' of the Company totalled £439,495 (2023: £961,586) which is included in other debtors. The directors’ loan accounts where these balances have arisen are active accounts with both payments and receipts as such balances are always repayable on demand. No interest is charged on outstanding balances. During the year there were times when the directors loan accounts were overdrawn. The maximum level of indebtedness of the directors to the Company in the year was £1,380,756 (2023: £961,586). Details of the amounts owed by entities under common control can be found in note 5. Amounts owed to entities under common control are unsecured, interest free and repayable on demand.
11. | Post balance sheet events
Subsequent to the reporting period, the Company has been evaluating a potential corporate restructure which will result in the creation of a new parent Company. Upon finalisation, the financial statements in future periods will accurately disclose this change.
12. | Controlling party
The ultimate controlling party is considered to be the directors of the Company.
- 9 -