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Registration number: NI679014

ERAH Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

ERAH Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

ERAH Limited

Company Information

Director | Mrs A E A Gardiner

Registered office | 2 Ashleigh Park Ballymena Antrim BT42 1DR

Accountants | DT Carson & Co. 51 - 53 Thomas Street Ballymena Co. Antrim BT43 6AZ

ERAH Limited

(Registration number: NI679014)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 474,290 | 474,290
Current assets |  |  |
Debtors | 5 | 886 | 1,338
Cash at bank and in hand |  | 45,410 | 26,316
|  | 46,296 | 27,654
Creditors: Amounts falling due within one year | 6 | (473,234) | (469,864)
Net current liabilities |  | (426,938) | (442,210)
Net assets |  | 47,352 | 32,080
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 47,252 | 31,980
Shareholders' funds |  | 47,352 | 32,080

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 February 2026

......................................... Mrs A E A Gardiner Director

ERAH Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
2 Ashleigh Park
Ballymena
Antrim
BT42 1DR
Northern Ireland

These financial statements were authorised for issue by the director on 17 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared on a going concern basis.

The presentational currency of these financial statements is sterling and all amounts have been rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis. The director has assessed a period of 12 months from the date of approving the financial statements with regard to the appropriateness of the going concern assumption in preparing the financial statements. The directors believe that the company will continue as a going concern and be able to realise its assets and discharge its liabilities in the normal course of business.

ERAH Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amount of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Key sources of estimation uncertainty

Investment properties are valued based on recent market sales of similar properties. There is an inevitable degree of judgement involved in that each property is unique and value can only ultimately be reliably tested in the market itself. . The carrying amount is £474,290 (2024 -£474,290).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Investment property

Investment properties are properties which are held either to earn rental income or for capital appreciation, or for both. Investment properties are initially recognised at cost.
Subsequent to initial recognition, investment properties whose fair value can be reliably measured are held at fair value, derived from the current market prices for comparable real estate and are determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss in the period that they arise. No depreciation is provided.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

ERAH Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

ERAH Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Financial instruments

Classification
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity istruments are classified according to the substance of the related contractual arrangements. An equity arrangement is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value throigh profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised by transaction value and subsequently measured at their settlement value.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial assets expire or are settled; the company transfers to another party substantially all the risks and rewards of ownership of the financial asset; or the company, despite having retained some, but not all, significant risks and rewards or ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Impairment
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset's carrying amount and the present value of estimated future cashflows, discounted at the financial asset's original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occuring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

ERAH Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4 | Investment properties

| 2025 £
At 1 June | 474,290
At 31 May | 474,290

For the purposes of the financial statements, investment properties have been valued by the Director. The director is of the opinion that the above valuations reflect the open market value of the investment properties at 31 May 2025.

There has been no valuation of investment property by an independent valuer.

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 886 | 1,338
| 886 | 1,338

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Amounts due to related parties | 8 | 466,550 | 463,685
Other payables |  | 3,583 | 3,373
Accruals |  | 3,101 | 2,806
|  | 473,234 | 469,864

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 100 | 100 | 100 | 100

ERAH Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

8 | Related party transactions

Expenditure with and payables to related parties

2025 | Key management £
Amounts payable to related party | 316,550

2024 | Key management £
Amounts payable to related party | 313,684

Loans from related parties

2025 | Entities with joint control or significant influence £ | Total £
At start of period | 150,000 | 150,000
At end of period | 150,000 | 150,000

2024 | Entities with joint control or significant influence £ | Total £
At start of period | 150,000 | 150,000
At end of period | 150,000 | 150,000

Terms of loans from related parties

Loans owed are denominated in sterling, interest free and repayable on demand.

9 | Parent and ultimate parent undertaking

The ultimate controlling party is Anita Gardiner.