Engenius Properties Limited 11062936 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is 68209 Digita Accounts Production Advanced 6.30.9574.0 true true 11062936 2022-12-01 2023-11-30 11062936 2023-11-30 11062936 core:RetainedEarningsAccumulatedLosses 2023-11-30 11062936 core:RevaluationReserve 2023-11-30 11062936 core:ShareCapital 2023-11-30 11062936 core:CurrentFinancialInstruments 2023-11-30 11062936 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 11062936 core:Non-currentFinancialInstruments 2023-11-30 11062936 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 11062936 core:FurnitureFittingsToolsEquipment 2023-11-30 11062936 bus:SmallEntities 2022-12-01 2023-11-30 11062936 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11062936 bus:FilletedAccounts 2022-12-01 2023-11-30 11062936 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11062936 bus:RegisteredOffice 2022-12-01 2023-11-30 11062936 bus:Director1 2022-12-01 2023-11-30 11062936 bus:Director2 2022-12-01 2023-11-30 11062936 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11062936 core:ComputerEquipment 2022-12-01 2023-11-30 11062936 core:FurnitureFittings 2022-12-01 2023-11-30 11062936 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 11062936 countries:EnglandWales 2022-12-01 2023-11-30 11062936 2022-11-30 11062936 core:FurnitureFittingsToolsEquipment 2022-11-30 11062936 2021-12-01 2022-11-30 11062936 2022-11-30 11062936 core:RetainedEarningsAccumulatedLosses 2022-11-30 11062936 core:RevaluationReserve 2022-11-30 11062936 core:ShareCapital 2022-11-30 11062936 core:CurrentFinancialInstruments 2022-11-30 11062936 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 11062936 core:Non-currentFinancialInstruments 2022-11-30 11062936 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 11062936 core:FurnitureFittingsToolsEquipment 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 11062936

Engenius Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Engenius Properties Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Engenius Properties Limited

Company Information

Directors

Mr Kavninder Singh

Parmeet Jawanda

Registered office

76 Whitecroft Road
Birmingham
B26 3RE

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Engenius Properties Limited

(Registration number: 11062936)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

678

1,123

Investment property

5

1,130,000

1,150,000

 

1,130,678

1,151,123

Current assets

 

Debtors

6

6,306

5,757

Cash at bank and in hand

 

5,777

23,927

 

12,083

29,684

Creditors: Amounts falling due within one year

7

(10,668)

(5,730)

Net current assets

 

1,415

23,954

Total assets less current liabilities

 

1,132,093

1,175,077

Creditors: Amounts falling due after more than one year

7

(851,896)

(878,542)

Provisions for liabilities

(53,213)

(60,813)

Net assets

 

226,984

235,722

Capital and reserves

 

Called up share capital

120

100

Revaluation reserve

226,856

259,256

Retained earnings

8

(23,634)

Shareholders' funds

 

226,984

235,722

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 August 2024 and signed on its behalf by:
 

 

Engenius Properties Limited

(Registration number: 11062936)
Balance Sheet as at 30 November 2023 (continued)

.........................................
Mr Kavninder Singh
Director

 

Engenius Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
76 Whitecroft Road
Birmingham
B26 3RE

These financial statements were authorised for issue by the Board on 3 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Engenius Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

Asset class

Depreciation method and rate

Fixtures & Fittings

15% Reducing Balance

Computer Equipment

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 1).

 

Engenius Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

1,860

1,860

At 30 November 2023

1,860

1,860

Depreciation

At 1 December 2022

737

737

Charge for the year

445

445

At 30 November 2023

1,182

1,182

Carrying amount

At 30 November 2023

678

678

At 30 November 2022

1,123

1,123

5

Investment properties

2023
£

At 1 December

1,150,000

Additions

20,000

Fair value adjustments

(40,000)

At 30 November

1,130,000

The fair value of the property at 30 November 2023 has been arrived at on the basis of a valuation carried out at
that date by the director of the company, who is not a professionally qualified valuer. The valuation of £1,130,000 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

6

Debtors

2023
£

2022
£

Other debtors

5,495

4,650

Prepayments

811

1,107

6,306

5,757

 

Engenius Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

4,093

-

Accruals and deferred income

1,080

1,080

Other creditors

5,495

4,650

10,668

5,730

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

851,896

878,542

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

824,525

824,525

Other borrowings

27,371

54,017

851,896

878,542