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Enterprise House Developments Ltd
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Notes to the financial statements
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for the period ended 31 October 2023
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1
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Company information
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The company is registered in England and Wales. Its registered number is 14448599. The company is
limited by shares. Its registered office is 20-22 Wenlock Road, London, N1 7GU.
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2
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Accounting policies
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Basis of preparing the financial statements
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These financial statements have been prepared in accordance with Financial Reporting Standard 102
“The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the
provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have
been prepared under the historic cost convention.
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Going concern
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In preparing these financial statements, the directors have assessed whether there are any material
uncertainties related to events or conditions that cast significant doubt upon the company's ability to
continue as a going concern. In making this assessment, the directors take into account all available
information about the future which is at least 12 months from the date that the financial statements are
authorised for issue.
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The directors consider that the company has adequate resources to continue in business for the
foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial
statements.
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Tangible fixed assets
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
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Land and buildings:
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Freehold property
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No provision has been made for any depreciation on
these assets. Although this is a departure from the
accounting requirements of the Companies Act 2006,
which required such properties to be depreciated, the
directors consider that departure in this regard is
justified on the grounds of compliance with the
overriding requirement of section 396(2) of the
Companies Act 2006 for the financial statements to sho
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Taxation
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Taxation for the period comprises current taxation. Tax is recognised in the Profit and loss account,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.
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Current taxation assets and liabilities are not discounted.
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.
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3
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