2022-04-012023-03-312023-03-31false12941547ENTERPRISE GROUP LTD2023-10-1564999iso4217:GBPxbrli:pure129415472022-04-01129415472023-03-31129415472022-04-012023-03-31129415472020-10-09129415472022-03-31129415472020-10-092022-03-3112941547bus:SmallEntities2022-04-012023-03-3112941547bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3112941547bus:FullAccounts2022-04-012023-03-3112941547bus:PrivateLimitedCompanyLtd2022-04-012023-03-3112941547core:WithinOneYear2023-03-3112941547core:AfterOneYear2023-03-3112941547core:WithinOneYear2022-03-3112941547core:AfterOneYear2022-03-3112941547core:ShareCapital2023-03-3112941547core:SharePremium2023-03-3112941547core:RevaluationReserve2023-03-3112941547core:OtherReservesSubtotal2023-03-3112941547core:RetainedEarningsAccumulatedLosses2023-03-3112941547core:ShareCapital2022-03-3112941547core:SharePremium2022-03-3112941547core:RevaluationReserve2022-03-3112941547core:OtherReservesSubtotal2022-03-3112941547core:RetainedEarningsAccumulatedLosses2022-03-3112941547core:LandBuildings2023-03-3112941547core:PlantMachinery2023-03-3112941547core:Vehicles2023-03-3112941547core:FurnitureFittings2023-03-3112941547core:OfficeEquipment2023-03-3112941547core:NetGoodwill2023-03-3112941547core:IntangibleAssetsOtherThanGoodwill2023-03-3112941547core:ListedExchangeTraded2023-03-3112941547core:UnlistedNon-exchangeTraded2023-03-3112941547core:LandBuildings2022-03-3112941547core:PlantMachinery2022-03-3112941547core:Vehicles2022-03-3112941547core:FurnitureFittings2022-03-3112941547core:OfficeEquipment2022-03-3112941547core:NetGoodwill2022-03-3112941547core:IntangibleAssetsOtherThanGoodwill2022-03-3112941547core:ListedExchangeTraded2022-03-3112941547core:UnlistedNon-exchangeTraded2022-03-3112941547core:LandBuildings2022-04-012023-03-3112941547core:PlantMachinery2022-04-012023-03-3112941547core:Vehicles2022-04-012023-03-3112941547core:FurnitureFittings2022-04-012023-03-3112941547core:OfficeEquipment2022-04-012023-03-3112941547core:NetGoodwill2022-04-012023-03-3112941547core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112941547core:ListedExchangeTraded2022-04-012023-03-3112941547core:UnlistedNon-exchangeTraded2022-04-012023-03-3112941547core:MoreThanFiveYears2022-04-012023-03-3112941547core:Non-currentFinancialInstruments2023-03-3112941547core:Non-currentFinancialInstruments2022-03-3112941547dpl:CostSales2022-04-012023-03-3112941547dpl:DistributionCosts2022-04-012023-03-3112941547dpl:AdministrativeExpenses2022-04-012023-03-3112941547core:LandBuildings2022-04-012023-03-3112941547core:PlantMachinery2022-04-012023-03-3112941547core:Vehicles2022-04-012023-03-3112941547core:FurnitureFittings2022-04-012023-03-3112941547core:OfficeEquipment2022-04-012023-03-3112941547core:NetGoodwill2022-04-012023-03-3112941547core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112941547dpl:GroupUndertakings2022-04-012023-03-3112941547dpl:ParticipatingInterests2022-04-012023-03-3112941547dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3112941547core:ListedExchangeTraded2022-04-012023-03-3112941547dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3112941547core:UnlistedNon-exchangeTraded2022-04-012023-03-3112941547dpl:CostSales2020-10-092022-03-3112941547dpl:DistributionCosts2020-10-092022-03-3112941547dpl:AdministrativeExpenses2020-10-092022-03-3112941547core:LandBuildings2020-10-092022-03-3112941547core:PlantMachinery2020-10-092022-03-3112941547core:Vehicles2020-10-092022-03-3112941547core:FurnitureFittings2020-10-092022-03-3112941547core:OfficeEquipment2020-10-092022-03-3112941547core:NetGoodwill2020-10-092022-03-3112941547core:IntangibleAssetsOtherThanGoodwill2020-10-092022-03-3112941547dpl:GroupUndertakings2020-10-092022-03-3112941547dpl:ParticipatingInterests2020-10-092022-03-3112941547dpl:GroupUndertakingscore:ListedExchangeTraded2020-10-092022-03-3112941547core:ListedExchangeTraded2020-10-092022-03-3112941547dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-10-092022-03-3112941547core:UnlistedNon-exchangeTraded2020-10-092022-03-3112941547core:NetGoodwill2023-03-3112941547core:IntangibleAssetsOtherThanGoodwill2023-03-3112941547core:LandBuildings2023-03-3112941547core:PlantMachinery2023-03-3112941547core:Vehicles2023-03-3112941547core:FurnitureFittings2023-03-3112941547core:OfficeEquipment2023-03-3112941547core:AfterOneYear2023-03-3112941547core:WithinOneYear2023-03-3112941547core:ListedExchangeTraded2023-03-3112941547core:UnlistedNon-exchangeTraded2023-03-3112941547core:ShareCapital2023-03-3112941547core:SharePremium2023-03-3112941547core:RevaluationReserve2023-03-3112941547core:OtherReservesSubtotal2023-03-3112941547core:RetainedEarningsAccumulatedLosses2023-03-3112941547core:NetGoodwill2022-03-3112941547core:IntangibleAssetsOtherThanGoodwill2022-03-3112941547core:LandBuildings2022-03-3112941547core:PlantMachinery2022-03-3112941547core:Vehicles2022-03-3112941547core:FurnitureFittings2022-03-3112941547core:OfficeEquipment2022-03-3112941547core:AfterOneYear2022-03-3112941547core:WithinOneYear2022-03-3112941547core:ListedExc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ENTERPRISE GROUP LTD

Registered Number
12941547
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

ENTERPRISE GROUP LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

EAST, Martin Richard
EAST, Michelle Louise

Registered Address

11 The Grove
Ratton
Eastbourne
BN20 9DA

Registered Number

12941547 (England and Wales)
ENTERPRISE GROUP LTD
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments71,473,364991,173
Investment property8844,239844,239
2,317,6031,835,412
Current assets
Debtors9315150
Cash at bank and on hand58,67923,244
58,99423,394
Creditors amounts falling due within one year10(2,332,685)(1,825,128)
Net current assets (liabilities)(2,273,691)(1,801,734)
Total assets less current liabilities43,91233,678
Provisions for liabilities-(6,103)
Net assets43,91227,575
Capital and reserves
Called up share capital101101
Profit and loss account43,81127,474
Shareholders' funds43,91227,575
The financial statements were approved and authorised for issue by the Board of Directors on 15 October 2023, and are signed on its behalf by:
EAST, Martin Richard
Director
Registered Company No. 12941547
ENTERPRISE GROUP 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.Basis of measurement used in financial statements
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).
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Revenue is recognised at the fair value of the consideration received or receivable for property rental and return on investments.
Investment property policy
Investment properties are held at fair value and adjusted each year to align with the market value.
Taxation policy
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax policy
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Foreign currency translation and operations policy
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Valuation of financial instruments policy
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Going concern
The Directors' believe that the company is a going concern and have prepared the financial statements on a going concern basis.
5.Critical estimates and judgements
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
6.Employee information
There were no employees during the year.

20232022
Average number of employees during the year00
7.Fixed asset investments
Fixed asset investments represent investments held by the company.

Other investments1

Total

££
Cost or valuation
At 01 April 22991,173991,173
Additions482,191482,191
At 31 March 231,473,3641,473,364
Net book value
At 31 March 231,473,3641,473,364
At 31 March 22991,173991,173

Notes

1Other investments other than loans
8.Investment property
Investment properties were deemed to be at the same value as the purchase price. Therefore, the Directors believe no revaluation is necessary.

£
Fair value at 01 April 22844,239
At 31 March 23844,239
9.Debtors

2023

2022

££
Other debtors315150
Total315150
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.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables-180
Taxation and social security8,5811,533
Other creditors2,322,0001,818,000
Accrued liabilities and deferred income2,1045,415
Total2,332,6851,825,128
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.