2022-04-012023-03-312023-03-31false10820672ENVERS PROPERTY 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ENVERS PROPERTY LTD

Registered Number
10820672
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

ENVERS PROPERTY LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

ENVER, Ekin
ENVER, Hakan Celik

Registered Address

293 Green Lanes
Palmers Green
London
N13 4XS

Place of Business


Registered Number

10820672 (England and Wales)
ENVERS PROPERTY LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investment property51,379,1721,379,172
1,379,1721,379,172
Current assets
Debtors613,60313,603
Cash at bank and on hand211,365106,308
224,968119,911
Creditors amounts falling due within one year7(1,408,687)(1,351,466)
Net current assets (liabilities)(1,183,719)(1,231,555)
Total assets less current liabilities195,453147,617
Net assets195,453147,617
Capital and reserves
Called up share capital100100
Revaluation reserve52,23752,237
Profit and loss account143,11695,280
Shareholders' funds195,453147,617
The financial statements were approved and authorised for issue by the Board of Directors on 3 October 2023, and are signed on its behalf by:
ENVER, Ekin
Director
ENVER, Hakan Celik
Director

Registered Company No. 10820672
ENVERS PROPERTY LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Investment property policy
Investment property comprises various properties in the UK. The fair value of the investment properties has been arrived at based on a valuation by the Directors at the year end.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year22
5.Investment property

£
Fair value at 01 April 221,379,172
At 31 March 231,379,172
6.Debtors

2023

2022

££
Other debtors13,60313,603
Total13,60313,603
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Taxation and social security11,221-
Other creditors1,394,1061,348,106
Accrued liabilities and deferred income3,3603,360
Total1,408,6871,351,466
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.