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REGISTERED NUMBER: 06836008 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Endy Capital Limited

Endy Capital Limited (Registered number: 06836008)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Endy Capital Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Miss H R Disbrey
R F Disbrey





SECRETARY:





REGISTERED OFFICE: Robins Wood
Rose Lane
Wheathamstead
Hertfordshire
AL4 8RA





REGISTERED NUMBER: 06836008 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Endy Capital Limited (Registered number: 06836008)

Abridged Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investment property 5 - 540,000
1 540,001

CURRENT ASSETS
Debtors 588 500
Cash at bank 303,997 10,153
304,585 10,653
CREDITORS
Amounts falling due within one year 83,652 301,084
NET CURRENT ASSETS/(LIABILITIES) 220,933 (290,431 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,934

249,570

PROVISIONS FOR LIABILITIES - 25,000
NET ASSETS 220,934 224,570

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 6 - 203,425
Retained earnings 220,932 21,143
SHAREHOLDERS' FUNDS 220,934 224,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

Endy Capital Limited (Registered number: 06836008)

Abridged Balance Sheet - continued
31 March 2022


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 31 March 2022 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 and authorised for issue on 25 August 2022 and were signed on its behalf by:





R F Disbrey - Director


Endy Capital Limited (Registered number: 06836008)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Endy Capital Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is Robins Wood, Rose Lane, Wheathampstead, Herts, AL4 8RA.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Revenue recognition
Revenue represents fair value of rent and service charges receivable excluding Value Added Tax having regard to the fulfilment of contractual obligations.

Tangible fixed assets
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Furniture & Fittings - 25% on cost

Investment property
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the Directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The Directors consider that this policy results in the accounts giving a true and fair view.


Endy Capital Limited (Registered number: 06836008)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Revaluation reserve
The annual surplus or deficit arising on the revaluation of investment properties is transferred to the revaluation reserve which is non-distributable.

Leases
Rental costs under operating leases are charged to Profit and Loss Account as incurred.

Dividends
Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - NIL ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2021
and 31 March 2022 2,692
DEPRECIATION
At 1 April 2021
and 31 March 2022 2,691
NET BOOK VALUE
At 31 March 2022 1
At 31 March 2021 1

Endy Capital Limited (Registered number: 06836008)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021 540,000
Disposals (311,575 )
Revaluations (228,425 )
At 31 March 2022 -
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 540,000


6. RESERVES
Revaluation
reserve
£   
At 1 April 2021 203,425
Revaluation (203,425 )

At 31 March 2022 -

7. RELATED PARTY DISCLOSURES

Included in other Creditors is balance of £27,020 (2021 : £149,783) due to Mr R F Disbrey and £29,782 (2021 : £149,782) due to Miss H R Disbrey.

These amounts are interest free and have no set date for repayment.