Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-302022-10-01false47falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06203921 2022-10-01 2023-09-30 06203921 2021-10-01 2022-09-30 06203921 2023-09-30 06203921 2022-09-30 06203921 2021-10-01 06203921 c:Director1 2022-10-01 2023-09-30 06203921 d:Buildings d:LongLeaseholdAssets 2022-10-01 2023-09-30 06203921 d:MotorVehicles 2022-10-01 2023-09-30 06203921 d:MotorVehicles 2023-09-30 06203921 d:MotorVehicles 2022-09-30 06203921 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 06203921 d:OfficeEquipment 2022-10-01 2023-09-30 06203921 d:OfficeEquipment 2023-09-30 06203921 d:OfficeEquipment 2022-09-30 06203921 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 06203921 d:OtherPropertyPlantEquipment 2023-09-30 06203921 d:OtherPropertyPlantEquipment 2022-09-30 06203921 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 06203921 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 06203921 d:CurrentFinancialInstruments 2023-09-30 06203921 d:CurrentFinancialInstruments 2022-09-30 06203921 d:Non-currentFinancialInstruments 2023-09-30 06203921 d:Non-currentFinancialInstruments 2022-09-30 06203921 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06203921 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 06203921 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 06203921 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 06203921 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 06203921 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-09-30 06203921 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 06203921 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 06203921 d:ShareCapital 2023-09-30 06203921 d:ShareCapital 2022-09-30 06203921 d:RetainedEarningsAccumulatedLosses 2023-09-30 06203921 d:RetainedEarningsAccumulatedLosses 2022-09-30 06203921 c:OrdinaryShareClass1 2022-10-01 2023-09-30 06203921 c:OrdinaryShareClass1 2023-09-30 06203921 c:OrdinaryShareClass1 2022-09-30 06203921 c:FRS102 2022-10-01 2023-09-30 06203921 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 06203921 c:FullAccounts 2022-10-01 2023-09-30 06203921 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 06203921 2 2022-10-01 2023-09-30 06203921 6 2022-10-01 2023-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06203921









ENDURANCE ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
ENDURANCE ESTATES LIMITED
REGISTERED NUMBER: 06203921

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
68,619
82,239

Investments
 5 
13
33

  
68,632
82,272

CURRENT ASSETS
  

Stocks
  
346,501
339,055

Debtors: amounts falling due within one year
 6 
1,914,289
2,026,467

Cash at bank and in hand
  
159,344
40,139

  
2,420,134
2,405,661

Creditors: amounts falling due within one year
 7 
(1,784,244)
(1,828,156)

NET CURRENT ASSETS
  
 
 
635,890
 
 
577,505

TOTAL ASSETS LESS CURRENT LIABILITIES
  
704,522
659,777

Creditors: amounts falling due after more than one year
 8 
(256,977)
(379,890)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 10 
(11,217)
(10,682)

NET ASSETS
  
436,328
269,205


CAPITAL AND RESERVES
  

Called up share capital 
 11 
100
100

Profit and loss account
  
436,228
269,105

  
436,328
269,205


Page 1

 
ENDURANCE ESTATES LIMITED
REGISTERED NUMBER: 06203921
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

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.

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 9 form part of these financial statements.

Page 2

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

1.


GENERAL INFORMATION

Endurance Estates Limited is a private limited company incorporated in England and Wales. The registered office is 1 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

TURNOVER

Turnover comprises revenue recognised by the Company in respect of services supplied during the year, exclusive of Value Added Tax.

 
2.3

OPERATING LEASES

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. 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.

 
2.9

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements
-
over the period of the lease
Motor vehicles
-
25%
straight line
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.11

ASSOCIATES AND JOINT VENTURES

Associates and Joint Ventures are held at cost less impairment.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

 
2.16

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2022 - 7).

Page 5

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

4.


TANGIBLE FIXED ASSETS





Leasehold improvements
Motor vehicles
Office equipment
Total

£
£
£
£



COST


At 1 October 2022
109,891
27,014
37,738
174,643



At 30 September 2023

109,891
27,014
37,738
174,643



DEPRECIATION


At 1 October 2022
32,967
27,014
32,423
92,404


Charge for the year on owned assets
10,989
-
2,631
13,620



At 30 September 2023

43,956
27,014
35,054
106,024



NET BOOK VALUE



At 30 September 2023
65,935
-
2,684
68,619



At 30 September 2022
76,924
-
5,315
82,239


5.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies
Investments in associates
Total

£
£
£



COST


At 1 October 2022
3
30
33


Disposals
-
(20)
(20)



At 30 September 2023
3
10
13




Page 6

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

6.


DEBTORS

2023
2022
£
£

Trade debtors
63,794
34,136

Amounts owed by group undertakings
994,773
542,987

Amounts owed by joint ventures and associated undertakings
-
89,303

Other debtors
839,889
1,340,715

Prepayments and accrued income
15,833
19,326

1,914,289
2,026,467



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
10,000
10,000

Other loans
112,913
108,141

Trade creditors
11,561
24,619

Corporation tax
17,972
6,086

Other taxation and social security
67,577
53,135

Other creditors
1,469,760
1,592,940

Accruals and deferred income
94,461
33,235

1,784,244
1,828,156


Bank loans comprise a Government backed 'bounce back' loan. This loan is 100% guaranteed by the Government and there were no fees or interest payable in the first 12 months. After this 12 month period, interest was charged at 2.5% per annum.
Other loans comprise an unsecured five year SSAS loan that bears interest at a rate of 4.25% per annum. The first repayment was made in February 2022 and is repayable in full by February 2025.
Other creditors include contributions of £NIL (2022 - £2,136) payable to the Company's defined contribution pension scheme at the balance sheet date.

Page 7

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

8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
16,667
26,667

Other loans
240,310
353,223

256,977
379,890


Bank loans comprise a Government backed 'bounce back' loan. This loan is 100% guaranteed by the Government and there were no fees or interest payable in the first 12 months. After this 12 month period, interest will be charged at 2.5% per annum.
Other loans comprise an unsecured five year SSAS loan that bears interest at a rate of 4.25% per annum. The first repayment was made in February 2022 and is repayable in full by February 2025.


9.


LOANS


Analysis of the maturity of loans is given below:


2023
2022
£
£

AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans
10,000
10,000

Other loans
112,913
108,141


122,913
118,141

AMOUNTS FALLING DUE 1-2 YEARS

Bank loans
10,000
10,000

Other loans
117,769
112,913


127,769
122,913

AMOUNTS FALLING DUE 2-5 YEARS

Bank loans
6,667
16,667

Other loans
122,541
240,310


129,208
256,977


379,890
498,031


Page 8

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

10.


DEFERRED TAXATION




2023
2022


£

£



At beginning of year
10,682
18,611


Charged/(credited) to profit or loss
535
(7,929)



AT END OF YEAR
11,217
10,682

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fixed asset timing differences
11,217
11,039

Short term timing differences
-
(357)

11,217
10,682


11.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



12.FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies that are not included in the balance sheet amount to £16,088 (2022 - £32,088).

 
Page 9