Erimus Lettings Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 11454147

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		552		714
Investment Properties	5		335,000		350,000

			335,552		350,714
CURRENT ASSETS
Debtors	6	2,625		1,125
Cash at bank and in hand		50,736		5,923

		53,361		7,048
Creditors: Amounts Falling Due Within One Year	7	(108,720 )		(59,747 )

NET CURRENT ASSETS (LIABILITIES)			(55,359 )		(52,699 )

TOTAL ASSETS LESS CURRENT LIABILITIES			280,193		298,015

Creditors: Amounts Falling Due After More Than One Year	8		(232,842 )		(232,861 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(7,000 )		(9,500 )

NET ASSETS			40,351		55,654

CAPITAL AND RESERVES
Called up share capital	11		1		1
Profit and Loss Account			40,350		55,653

SHAREHOLDERS' FUNDS			40,351		55,654

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Erimus Lettings Ltd

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 7 January 2026 and were signed on its behalf by:

Mr Liam Docherty

Director

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Erimus Lettings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11454147 . The registered office is 16 Clover Field Road , TS8 9FP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents amounts receivable for rents and services net of VAT and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

Full depreciation in first full year of ownership

2.4. Investment Properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Erimus Lettings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Tangible Assets

	Computer Equipment
	£
Cost or Valuation
As at 1 August 2024	1,525

As at 31 July 2025	1,525

Depreciation
As at 1 August 2024	811
Provided during the period	162

As at 31 July 2025	973

Net Book Value
As at 31 July 2025	552

As at 1 August 2024	714

5. Investment Property

	2025
	£
Fair Value
As at 1 August 2024	350,000
Revaluations	(15,000)

As at 31 July 2025	335,000

Investment properties comprise of an amount of £335,000 (2024: £350,000) for which a first charge over the underlying assets has been given to the lenders. The fair value of the investment properties have been arrived at on the basis of a valuation carried out by the director at period end.

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,125	-
Other debtors	-	1,125
Prepayments	250	-

	1,375	1,125
Due after more than one year
Deferred tax current asset	1,250	-

	2,625	1,125

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Erimus Lettings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	(1 )
Other creditors	1,150	1,125
Directors' loan accounts	107,570	58,623

	108,720	59,747

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	232,842	232,861

Bank Loans includes £232,842 (2024: £232,861 ) secured by way of a fixed first charge over the underlying assets.

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	232,842		232,861

9. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured by way of a fixed charge over the underlying asset.

	2025		2024
	£		£
Bank loans and overdrafts	232,842		232,861

10. Deferred Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenditure in tax computations in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and are expected to apply when the timing differences reverse.

Deferred tax assets are recognised only 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 balance

At 31 July 2025, the deferred tax balances were as follows:

Deferred tax liability: £7,000 (2024: £9,500)

Deferred tax asset: £1,250 (2024: £nil)

Net deferred tax liability: £5,750 (2024: £9,500)

Nature of timing differences

The deferred tax liability arises principally on fair value gains on investment properties, which are recognised in the financial statements but are taxable only upon disposal. The deferred tax asset relates to deductible temporary differences arising from fair value decreases on investment properties.

	2025	2024
	£	£
Other timing differences	7,000	9,500

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Erimus Lettings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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