Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-302022-10-0111falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13027624 2022-10-01 2023-09-30 13027624 2021-10-01 2022-09-30 13027624 2023-09-30 13027624 2022-09-30 13027624 c:Director1 2022-10-01 2023-09-30 13027624 d:CurrentFinancialInstruments 2023-09-30 13027624 d:CurrentFinancialInstruments 2022-09-30 13027624 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 13027624 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 13027624 d:ShareCapital 2023-09-30 13027624 d:ShareCapital 2022-09-30 13027624 d:RetainedEarningsAccumulatedLosses 2023-09-30 13027624 d:RetainedEarningsAccumulatedLosses 2022-09-30 13027624 c:OrdinaryShareClass1 2022-10-01 2023-09-30 13027624 c:OrdinaryShareClass1 2023-09-30 13027624 c:OrdinaryShareClass1 2022-09-30 13027624 c:FRS102 2022-10-01 2023-09-30 13027624 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 13027624 c:FullAccounts 2022-10-01 2023-09-30 13027624 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13027624









ENDURANCE ENERGY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
ENDURANCE ENERGY LIMITED
REGISTERED NUMBER: 13027624

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Investments
 4 
2
2

  
2
2

CURRENT ASSETS
  

Stocks
  
1,330,654
868,227

Debtors: amounts falling due within one year
 5 
95,517
70,901

Cash at bank and in hand
  
9,544
11,978

  
1,435,715
951,106

Creditors: amounts falling due within one year
 6 
(2,064,983)
(1,364,445)

NET CURRENT LIABILITIES
  
 
 
(629,268)
 
 
(413,339)

NET LIABILITIES
  
(629,266)
(413,337)


CAPITAL AND RESERVES
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(629,267)
(413,338)

  
(629,266)
(413,337)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
ENDURANCE ENERGY LIMITED
REGISTERED NUMBER: 13027624
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T P Holmes
Director

Date: 27 March 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ENDURANCE ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


GENERAL INFORMATION

Endurance Energy Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Unit 1 Burlington Park, Station Road, Foxton, Cambridge, CB22 6SA.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The Company had net liabilities of £629,266 as at 30 September 2023 (2022 - £413,337) however the financial statements are prepared on the going concern basis as the Company benefits from the financial support of its shareholders and connected companies.

  
2.3

TURNOVER

Turnover comprises property development and other revenue recognised by the Company during the year, exclusive of Value Added Tax.

 
2.4

STOCKS AND WORK IN PROGRESS

Stocks and work in progress comprises costs capitalised and carried forward under ongoing projects and are stated at the lower of cost and net realisable value. Costs include all direct costs and attributable overheads for each project.

 
2.5

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
ENDURANCE ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES

The average monthly number of paid employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
ENDURANCE ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST


At 1 October 2022
2



At 30 September 2023
2





5.


DEBTORS

2023
2022
£
£

Trade debtors
1,200
-

Other debtors
19,317
70,901

Prepayments and accrued income
75,000
-

95,517
70,901



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
54,467
73,944

Other creditors
1,983,660
1,288,744

Accruals and deferred income
26,856
1,757

2,064,983
1,364,445


Other creditors include contributions of £888 (2022 - £NIL) payable to the Company's defined contribution pension scheme at the balance sheet date.

Page 5

 
ENDURANCE ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2022 - 1) Ordinary share of £1.00
1
1


 
Page 6