| Ersin Development Limited |
| Registered number: |
09657842 |
| Balance Sheet |
| as at 30 June 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,449,840 |
|
|
- |
|
| Current assets |
| Cash at bank and in hand |
|
|
30,439 |
|
|
86,990 |
|
| Creditors: amounts falling due within one year |
3 |
|
(177,283) |
|
|
(90,942) |
|
| Net current liabilities |
|
|
|
(146,844) |
|
|
(3,952) |
|
| Total assets less current liabilities |
|
|
|
1,302,996 |
|
|
(3,952) |
|
| Creditors: amounts falling due after more than one year |
4 |
|
|
(1,362,100) |
|
|
- |
|
|
|
| Net liabilities |
|
|
|
(59,104) |
|
|
(3,952) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(59,204) |
|
|
(4,052) |
|
| Shareholder's funds |
|
|
|
(59,104) |
|
|
(3,952) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Fida Hussain Asghar Raja |
| Director |
| Approved by the board on 22 March 2019 |
|
| Ersin Development Limited |
| Notes to the Accounts |
| for the year ended 30 June 2018 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
2% reducing balance |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
Additions |
1,457,840 |
|
At 30 June 2018 |
1,457,840 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
8,000 |
|
At 30 June 2018 |
8,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2018 |
1,449,840 |
|
|
| 3 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade creditors |
23,139 |
|
- |
|
Other taxes and social security costs |
(4,118) |
|
- |
|
Other creditors |
158,262 |
|
90,942 |
|
|
|
|
|
|
177,283 |
|
90,942 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due after one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Other creditors |
1,362,100 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related party transactions |
|
|
Include in other creditors is loan from director of £157,562 (2016 - £90,222) to the company. |
|
|
| 6 |
Controlling party |
|
|
Mr Fida Hussain Asghar Raja is the ultimate controlling party. |
|
|
| 7 |
Other information |
|
|
Ersin Development Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
67-71 Cranbrook Road |
|
Ilford |
|
Essex |
|
IG1 4PG |
