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Company registration number: 05336830
Erdingwood Limited
Filleted financial statements
31 March 2025
Erdingwood Limited
Contents
Directors and other information
Directors responsibilities statement
Statement of financial position
Notes to the financial statements
Erdingwood Limited
Directors and other information

| Directors |
|  | FS McClure
|  | KM Millington
|  | RO Morton
| Secretary | FS McClure
| Company number | 05336830
| Registered office | 31 Goldney Road
|  | Camberley
|  | Surrey
|  | GU15 1DW
| Auditor | Hill Vellacott
|  | 22 Great Victoria Street
|  | Belfast
|  | BT2 7BA

| Bankers | AIB
|  | 92 Ann Street
|  | Belfast
|  | BT1 3HH
| Solicitors | Blacks Solicitors LLP
|  | City Point
|  | 29 King Street
|  | Leeds
|  | LS1 2HL

Erdingwood Limited
Directors responsibilities statement
Year ended 31 March 2025
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors 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 the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and 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. They are 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.
Erdingwood Limited
Statement of financial position
31 March 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 4 | 3,539,500 |  |  |  | 2,720,000 |  |
Investments |  | 5 | 8,319 |  |  |  | 8,319 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 3,547,819 |  |  |  | 2,728,319
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 1,592,273 |  |  |  | 1,543,031 |  |
Debtors |  | 6 | 56,053 |  |  |  | 37,956 |  |
Cash at bank and in hand |  |  | 99,490 |  |  |  | 436,567 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 1,747,816 |  |  |  | 2,017,554 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 7 | ( 4,548,339) |  |  |  | ( 4,492,343) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current liabilities |  |  |  |  | ( 2,800,523) |  |  |  | ( 2,474,789)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 747,296 |  |  |  | 253,530
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 8 |  |  | ( 1,267,989) |  |  |  | ( 955,095)
|  |  |  |  | _______ |  |  |  | _______
Net liabilities |  |  |  |  | ( 520,693) |  |  |  | ( 701,565)
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 2 |  |  |  | 2
Profit and loss account |  |  |  |  | ( 520,695) |  |  |  | ( 701,567)
|  |  |  |  | _______ |  |  |  | _______
Shareholders deficit |  |  |  |  | ( 520,693) |  |  |  | ( 701,565)
|  |  |  |  | _______ |  |  |  | _______

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 income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 June 2025 , and are signed on behalf of the board by:
KM Millington
Director
Company registration number: 05336830
Erdingwood Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 31 Goldney Road, Camberley, Surrey, GU15 1DW.
The principal of activity is property development.
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.
Going concern
The company has net current liabilities of £2,800,523 (2024 - £2,474,789) which include £4,310,533 (2024 - £4,349,095) owed to the parent undertaking. Amelwood Limited has provided a letter of comfort that they will continue to provide financial support for a period of at least 12 months from the date of approval of the financial statements to enable Erdingwood Limited to meet its liabilities as they fall due, (including not seeking repayments of amounts owed) and continue its operations. As a result, the Directors have a reasonable expectation that the company has the adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Judgements and key sources of estimation uncertainty
Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:Carrying value of stockStock represents goods for resale and is measured at the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs necessary to make the sale.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Exceptional items
Exceptional items are disclosed separately in the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.
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:

| Fittings fixtures and equipment | - | 20 % | 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.
Investment property
Investment property is carried at fair value determined annually by directors and external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
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. Tangible assets

|  | Freehold property | Fixtures, fittings and equipment | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 April 2024 | 2,720,000 | 554 | 2,720,554
| Additions | 819,500 | - | 819,500
|  | _______ | _______ | _______
| At 31 March 2025 | 3,539,500 | 554 | 3,540,054
|  | _______ | _______ | _______
| Depreciation |  |  |
| At 31 March 2025 | - | 554 | 554
|  | _______ | _______ | _______
| Carrying amount |  |  |
| At 31 March 2025 | 3,539,500 | - | 3,539,500
|  | _______ | _______ | _______
| At 31 March 2024 | 2,720,000 | - | 2,720,000
|  | _______ | _______ | _______

Investment property
The investment properties have been valued at market value by the directors at 31 March 2025, based on valuatios undertaken by First City Limited in February 2024, on an open market and existing use basis.
5. Investments

|  | Other investments other than loans | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 April 2024 and 31 March 2025 | 8,319 | 8,319 |  |  |  |
|  | _______ | _______ |  |  |  |
| Impairment |  |  |  |  |  |
| At 1 April 2024 and 31 March 2025 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 March 2025 | 8,319 | 8,319 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 March 2024 | 8,319 | 8,319 |  |  |  |
|  | _______ | _______ |  |  |  |

6. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 51,598 | 25,258
| Amounts owed by group undertakings |  | 1,500 | 1,500
| Other debtors |  | 2,955 | 11,198
|  |  | _______ | _______
|  |  | 56,053 | 37,956
|  |  | _______ | _______

7. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 54,266 | 27,296
| Trade creditors |  | 6,838 | 1,081
| Amounts owed to group undertakings |  | 4,310,533 | 4,349,095
| Corporation tax |  | 42,884 | 17,903
| Social security and other taxes |  | 25,173 | 14,613
| Other creditors |  | 108,645 | 82,355
|  |  | _______ | _______
|  |  | 4,548,339 | 4,492,343
|  |  | _______ | _______

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

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 1,267,989 | 955,095
|  |  | _______ | _______

There are two bank loan, both are secured by AIB Group (UK) P.L.C. via mortgage debentures on the following properties: Queens Court, 143, 147-151 Gravelly Hill North, Erdington, Birmingham. Units 4, 5 and 6 Paxton Business Centre, Whittle Road, Salisbury. Unit 13 The Markham Centre, Station Road, Theale, Reading, RG7 4PE There is an unlimited Cross Guarantee between Erdingwood Limited and Boucherwood Limited.
Included within creditors: amounts falling due after more than one year is an amount of £ 734,495 (2024 £ 818,900 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
Interest is charged at 3.5% above base, the term of the loan is 15 years and being paid by installments with any amounts oustanding to be repaid in full by 2035.
9. Deferred tax
The company has unrecognised deferred tax assets of £87,181 (2024: £92,264).
10. Summary audit opinion
The auditor's report dated 12 June 2025 was unqualified.
The senior statutory auditor was Eoin McMullan, ACA for and on behalf of Hill Vellacott
11. Related party transactions
The company has availed of the exemption under FRS102 section 33 which does not require disclosure of transactions entered into between any parent undertaking which is wholly owned by a member of that group.
12. Controlling party
Amelwood Limited, a company established in Northern Ireland, holds 100% of the equity share capital in Erdingwood Limited , and is the immediate parent. The shareholders of Amelwood Limited are the ultimate controlling party.