REGISTERED NUMBER: 10115759 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

FOR

ERBAN GAP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Copithorne Crainey

Mrs D M Copithorne Crainey

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

10115759 (England and Wales)

ACCOUNTANTS:

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

39,333

-

Investment property

5

3,595,087

2,101,111

3,634,420

2,101,111

CURRENT ASSETS

Debtors

6

470,756

445,165

Cash at bank

132,441

39,054

603,197

484,219

CREDITORS

Amounts falling due within one year

7

3,149,873

2,594,694

NET CURRENT LIABILITIES

(2,546,676

)

(2,110,475

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,087,744

(9,364

)

PROVISIONS FOR LIABILITIES

258,617

-

NET ASSETS/(LIABILITIES)

829,127

(9,364

)

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

746,352

-

Retained earnings

82,675

(9,464

)

829,127

(9,364

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2026 and were signed on its behalf by:

A Copithorne Crainey - Director

1.	STATUTORY INFORMATION

Erban Gap 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Fixtures and fittings

-

25% straight line

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.

Turnover

Turnover represents the following types of income

Rental income

Income from the sale of properties

All income is recognised on a receivable basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

47,694

At 30 April 2026

47,694

DEPRECIATION

Charge for year

8,361

At 30 April 2026

8,361

NET BOOK VALUE

At 30 April 2026

39,333

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2025

2,101,111

Additions

498,840

Revaluations

995,136

At 30 April 2026

3,595,087

NET BOOK VALUE

At 30 April 2026

3,595,087

At 30 April 2025

2,101,111

Fair value at 30 April 2026 is represented by:

£

Valuation in 2026

1,493,976

Cost

2,101,111

3,595,087

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

£

Trade debtors

51,725

-

Other debtors

416,500

396,500

VAT

-

48,665

Prepayments

2,531

-

470,756

445,165

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

£

Tax

17,725

-

VAT

13,639

-

Other creditors

1,681,419

1,256,419

Directors' loan accounts

1,435,139

1,336,976

Accrued expenses

1,951

1,299

3,149,873

2,594,694

8.	FINANCIAL INSTRUMENTS

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

9.

RESERVES

Revaluation

reserve

£

Transfer between reserves

746,352

At 30 April 2026

746,352

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, A Copithorne-Crainey increased his loan to the company. As at 30 April 2026, the company owed him £50,000 (2025: £nil). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

During the year, Mrs D Copithorne-Crainey increased her loan to the company. As at 30 April 2026, the company owed her £1,385,139 (2025: £1,336,976). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

11.	RELATED PARTY DISCLOSURES

Companies under common control

Amount due from

Amount due to

£

£

Opening balance

396,500

890,000

Amounts advanced

20,000

525,000

Amounts repaid

-

(100,000

)

Closing balance

416,500

1,315,000

These balances are included in Other Debtors and Other Creditors respectively.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Pocket Homes Limited.

This was by virtue of their 100% holding of the issued share capital.

13.	ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. During the year the company made a profit of £1,114,833, and as at the year end the current liabilities exceeded current assets by £2,546,676.

The validity of this basis depends upon the continued support of the company's directors. The directors confirms that they will give the required support.