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Company Registration No. 02900570 (England and Wales)
Enborne Properties Limited Unaudited accounts for the year ended 28 February 2023
Enborne Properties Limited Unaudited accounts Contents
Page
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Enborne Properties Limited Company Information for the year ended 28 February 2023
Directors
I Fewings S Fewings
Company Number
02900570 (England and Wales)
Registered Office
The Clockhouse Selsey Road Sidlesham PO20 7NE United Kingdom
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Enborne Properties Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
408,278 
391,241 
Investment property
1,874,750 
1,874,750 
2,283,028 
2,265,991 
Current assets
Inventories
980 
980 
Debtors
8,797 
7,303 
Cash at bank and in hand
110,237 
42,077 
120,014 
50,360 
Creditors: amounts falling due within one year
(401,961)
(352,387)
Net current liabilities
(281,947)
(302,027)
Total assets less current liabilities
2,001,081 
1,963,964 
Creditors: amounts falling due after more than one year
(421,598)
(483,392)
Provisions for liabilities
Deferred tax
(428,526)
(428,526)
Net assets
1,150,957 
1,052,046 
Capital and reserves
Called up share capital
302 
302 
Revaluation reserve
279,261 
279,261 
Profit and loss account
871,394 
772,483 
Shareholders' funds
1,150,957 
1,052,046 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by
I Fewings Director Company Registration No. 02900570
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Enborne Properties Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Enborne Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 02900570. The registered office is The Clockhouse, Selsey Road, Sidlesham, PO20 7NE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Plant & machinery
25% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Enborne Properties Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
432,341 
307,133 
8,950 
748,424 
Additions
- 
10,870 
45,358 
56,228 
At 28 February 2023
432,341 
318,003 
54,308 
804,652 
Depreciation
At 1 March 2022
104,784 
250,161 
2,238 
357,183 
Charge for the year
8,647 
16,967 
13,577 
39,191 
At 28 February 2023
113,431 
267,128 
15,815 
396,374 
Net book value
At 28 February 2023
318,910 
50,875 
38,493 
408,278 
At 28 February 2022
327,557 
56,972 
6,712 
391,241 
5
Investment property
2023 
£ 
Fair value at 1 March 2022
1,874,750 
At 28 February 2023
1,874,750 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,510 
7,303 
Other debtors
287 
- 
8,797 
7,303 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
83,046 
70,639 
VAT
7,790 
648 
Trade creditors
5,112 
10,602 
Taxes and social security
23,792 
19,710 
Other creditors
28,832 
98 
Loans from directors
253,389 
250,690 
401,961 
352,387 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
421,598 
483,392 
Aggregate of amounts that fall due for payment after five years
179,319 
271,477 
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Enborne Properties Limited Notes to the Accounts for the year ended 28 February 2023
9
Transactions with related parties
Dividends totalling £17,500 (2022 - £79,278) were paid to directors and their families during the year.
10
Average number of employees
During the year the average number of employees was 4 (2022: 5).
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