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REGISTERED NUMBER: 06786364 (England and Wales)

Financial Statements for the Year Ended 28 April 2025

for

Erlsmere Investments Limited

Erlsmere Investments Limited (Registered number: 06786364)

Contents of the Financial Statements

for the Year Ended 28 April 2025

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Erlsmere Investments Limited

Company Information

for the Year Ended 28 April 2025

| DIRECTOR: | Mr M J Chadwick

| REGISTERED OFFICE: | 17-19 Park Street

| Lytham

| Lancashire

| FY8 5LU

| REGISTERED NUMBER: | 06786364 (England and Wales)

| ACCOUNTANTS: | Ashworth Treasure Limited

| Chartered Accountants

| 17-19 Park Street

| Lytham

| Lancashire

| FY8 5LU

Erlsmere Investments Limited (Registered number: 06786364)

Abridged Balance Sheet

28 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 199 |  | 481 |  |

Investments | 5 | 100 |  | 100 |  |

Investment property | 6 | 4,270,000 |  | 4,599,419 |  |

4,270,299 |  | 4,600,000 |  |

CURRENT ASSETS

Debtors | 2,052,141 |  | 2,203,284 |  |

Cash at bank | 2,211 |  | 3,974 |  |

2,054,352 |  | 2,207,258 |  |

CREDITORS

Amounts falling due within one year | 365,646 |  | 228,898 |  |

NET CURRENT ASSETS | 1,688,706 |  | 1,978,360 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,959,005 |  | 6,578,360 |  |

CREDITORS

Amounts falling due after more than one year | (2,521,083 | ) | (2,545,371 | ) |

PROVISIONS FOR LIABILITIES | (492,978 | ) | (575,333 | ) |

NET ASSETS | 2,944,944 |  | 3,457,656 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Fair value reserve | 8 | 1,478,934 |  | 1,725,998 |  |

Retained earnings | 1,466,009 |  | 1,731,657 |  |

2,944,944 |  | 3,457,656 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Erlsmere Investments Limited (Registered number: 06786364)

Abridged Balance Sheet - continued

28 April 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 April 2026 and were signed by:

Mr M J Chadwick - Director

Erlsmere Investments Limited (Registered number: 06786364)

Notes to the Financial Statements

for the Year Ended 28 April 2025

1. | STATUTORY INFORMATION

| Erlsmere Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 33% on cost and 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| 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 expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

Erlsmere Investments Limited (Registered number: 06786364)

Notes to the Financial Statements - continued

for the Year Ended 28 April 2025

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 29 April 2024

| and 28 April 2025 | 39,286 |  |

| DEPRECIATION

| At 29 April 2024 | 38,805 |  |

| Charge for year | 282 |  |

| At 28 April 2025 | 39,087 |  |

| NET BOOK VALUE

| At 28 April 2025 | 199 |  |

| At 28 April 2024 | 481 |  |

5. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| At 29 April 2024

| and 28 April 2025 | 100 |  |

| NET BOOK VALUE

| At 28 April 2025 | 100 |  |

| At 28 April 2024 | 100 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 29 April 2024 | 4,599,419 |  |

| Revaluations | (329,419 | ) |

| At 28 April 2025 | 4,270,000 |  |

| NET BOOK VALUE

| At 28 April 2025 | 4,270,000 |  |

| At 28 April 2024 | 4,599,419 |  |

| Fair value at 28 April 2025 is represented by:

£ |

| Valuation in 2010 | 42,863 |  |

| Valuation in 2011 | 17,029 |  |

| Valuation in 2012 | 46,304 |  |

| Valuation in 2014 | 1,080,795 |  |

| Valuation in 2016 | 2,658,222 |  |

| Valuation in 2021 | (495,000 | ) |

| Valuation in 2022 | (1,280,411 | ) |

| Valuation in 2024 | 231,529 |  |

| Valuation in 2025 | (329,419 | ) |

| Cost | 2,298,088 |  |

4,270,000 |  |

| Investment property was revalued in the year by an independent, professionally qualified valuer.

Erlsmere Investments Limited (Registered number: 06786364)

Notes to the Financial Statements - continued

for the Year Ended 28 April 2025

7. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 2,545,451 |  | 2,564,929 |  |

| The bank loan is secured by legal charges over the properties and assets of the company, together with debentures over all assets and a cross guarantee with the parent company.

8. | RESERVES

| Fair

| value

| reserve

£ |

| At 29 April 2024 | 1,725,998 |  |

| Investment property

| revaluation | (247,064 | ) |

| At 28 April 2025 | 1,478,934 |  |

9. | CONTINGENT LIABILITIES

| The company has entered into a cross guarantee arrangement with its bankers with other group companies. The amount of indebtedness at the balance sheet date was £3,609,105 (2024: £3,686,605).

10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 28 April 2025 and 28 April 2024:

2025 | 2024 |

£ | £ |

| Mr M J Chadwick

| Balance outstanding at start of year | 112,360 |  | - |  |

| Amounts advanced | 66,691 |  | 112,360 |  |

| Amounts repaid | (162,794 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 16,257 |  | 112,360 |  |

| Interest was charged at the official rate of interest where appropriate.

| As at 28 April 2025, personal guarantees were provided by the director, Mr M Chadwick, for the company's bank loan.The maximum liability guaranteed by the director is £1,061,750, and no costs were incurred by the company in relation to these guarantees.

11. | RELATED PARTY DISCLOSURES

| Included in creditors is £125,579 (2023: £49,227) owed to a companies external to the group related by virtue of common control. The loan is interest free and repayable on demand.

12. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mr M J Chadwick.