ACCOUNTS - Final Accounts preparation

Registered number: 08382894

ERICSTEN LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

ERICSTEN LIMITED

REGISTERED NUMBER: 08382894

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		2,558,349		2,558,349
			2,558,349		2,558,349

Current liabilities
Creditors: amounts falling due within one year	5	(2,541,906)		(2,541,906)
Net current liabilities			(2,541,906)		(2,541,906)
Total assets less current liabilities			16,443		16,443

Net assets			16,443		16,443

Capital and reserves
Called up share capital	6	1,315	1,315
Share premium account		244,385	244,385
Capital redemption reserve		300	300
Profit and loss account		(229,557)	(229,557)
		16,443	16,443

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ERICSTEN LIMITED

REGISTERED NUMBER: 08382894

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

For the year ended 31 March 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 profit and loss account 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 by:

T C Hughes

Director

Date: 4 December 2025

The notes on pages 3 to 5 form part of these financial statements.

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ERICSTEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Ericsten Limited is a private company limited by shares, incorporated in England and Wales. The address of its registered office is 1 Betts Mews, Ringwood Road, London, E17 8PQ.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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.

2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by Micanite Limited, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Going concern

These financial statements have not been prepared on the going concern basis as the Directors have indicated their intention to strike off the Company within 12 months from the balance sheet date.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

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.

2.6

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 Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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

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ERICSTEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Financial instruments (continued)

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 debtors due with the operating cycle fall into this category of financial instruments.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2024	2,558,349
	At 31 March 2025	2,558,349

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Class of shares	Holding

Elmelin Limited

Ordinary

100%

	The aggregate of the share capital and reserves as at 31 March 2025 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:
	Name	Aggregate of share capital and reserves	Profit/(Loss)

Elmelin Limited

3,272,285

(130,303)

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ERICSTEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	2,541,906	2,541,906
	2,541,906	2,541,906

6.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

131,500 (2024 - 131,500) Ordinary shares of £0.01 each	1,315	1,315

Related party transactions

At the year end the amount due to Elmelin Limited, a wholly owned subsidiary, was £2,378,768 (2024 - £2,378,768). These amounts are unsecured, without interest and are repayable on demand.

At the year end, the amount due to Micanite Limited, the parent company, was £163,140 (2024 - £163,140). These amounts are unsecured, without interest and are repayable on demand.

The Company has provided loan security on behalf of Micanite Limited by the way of a fixed cross party charge on Company and Group assets.

8.	Controlling party

The ultimate parent company is Micanite Limited.

In the opinion of the Directors, Micanite Limited is not controlled by any one person.

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