ER Developments Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04891831 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

ER Developments Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P G O'Doherty

Mrs E O'Doherty

SECRETARY:

P G O'Doherty

REGISTERED OFFICE:

44 Priory Road

Sale

M33 2BT

REGISTERED NUMBER:

04891831 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,345

1,345

CURRENT ASSETS

Stocks

457,892

457,892

Cash at bank

4,024

4,024

461,916

461,916

CREDITORS

Amounts falling due within one year

520,554

520,554

NET CURRENT LIABILITIES

(58,638

)

(58,638

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(57,293

)

(57,293

)

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

(57,394

)

(57,394

)

SHAREHOLDERS' FUNDS

(57,293

)

(57,293

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2016 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 Board of Directors on 28 September 2017 and were signed on its behalf by:

P G O'Doherty - Director

1.	STATUTORY INFORMATION

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

The directors have confirmed their intention to continue to support the company and have further confirmed that

they will not seek repayment of advances if in doing so other creditors would be disadvantaged.

In view of the above the directors consider it appropriate to prepare the accounts on a going concern basis.

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

-

25% on cost and 10% on cost

Stocks

Stocks represents property under development valued at the lower of cost and net realisable value. Cost is

calculated as follows:

Property cost cost of purchase

Development costs cost of raw materials and labour, together with attributable

overheads based on normal levels of activity

Net realisable value is based on estimated selling price less further costs to completion and disposal.

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 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

and 31 December 2016

20,206

DEPRECIATION

At 1 January 2016

and 31 December 2016

18,861

NET BOOK VALUE

At 31 December 2016

1,345

At 31 December 2015

1,345

5.	FIRST YEAR ADOPTION

In preparing the accounts, the director has considered whether in applying the accounting policies required by

FRS 102 the restatement of comparative items was required. No restatements were required.