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REGISTERED NUMBER: 05223631














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

Enterprise Property Limited

Enterprise Property Limited (Registered number: 05223631)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Enterprise Property Limited

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTORS: Mr T De Vos
Mrs S De Vos





SECRETARY: Mrs S De Vos





REGISTERED OFFICE: 9 Georgeham Road
Sandhurst
GU47 0YR





REGISTERED NUMBER: 05223631





ACCOUNTANTS: Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ

Enterprise Property Limited (Registered number: 05223631)

BALANCE SHEET
30 September 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Investments 4 11,750 11,750
Investment property 5 444,257 444,257
456,007 456,007

CURRENT ASSETS
Cash at bank 276 924

CREDITORS
Amounts falling due within one year 6 (113,189 ) (111,546 )
NET CURRENT LIABILITIES (112,913 ) (110,622 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,094

345,385

CREDITORS
Amounts falling due after more than one year 7 (334,157 ) (334,157 )

PROVISIONS FOR LIABILITIES (13,444 ) (13,444 )
NET LIABILITIES (4,507 ) (2,216 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (4,509 ) (2,218 )
SHAREHOLDERS' FUNDS (4,507 ) (2,216 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





Mr T De Vos - Director


Enterprise Property Limited (Registered number: 05223631)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Enterprise Property Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties are valued at their fair value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Going concern
Total liabilities exceed current assets at the balance sheet date. The directors consider, however that the company has sufficient liquid assets, to meet its liabilities as and when they fall due, and that the company has sufficient support from its creditors. Accordingly, the director considers that it is appropriate to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.9.23 30.9.22
£    £   
Franchise Investment 11,750 11,750

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 October 2022
and 30 September 2023 444,257
NET BOOK VALUE
At 30 September 2023 444,257
At 30 September 2022 444,257

Cost or valuation at 30 September 2023 is represented by:
£   
Valuation in 2017 245,000
Valuation in 2018 199,257
444,257

Enterprise Property Limited (Registered number: 05223631)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

5. INVESTMENT PROPERTY - continued

If had not been revalued would have been included at the following historical cost:

30.9.23 30.9.22
£    £   
Cost 373,497 373,497

Investment property was valued on an open market basis on 31 October 2017 by the directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other creditors 110,634 108,991
Directors' current accounts 2,555 2,555
113,189 111,546

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans more 5 yrs non-inst 334,157 334,157

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 334,157 334,157

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 334,157 334,157

Secured by first mortgage over land and buildings.

9. RELATED PARTY DISCLOSURES

At the year end the company owed £110,634 (2022 - £108,991) to IT Enterprise Limited, a company owned and controlled by the directors.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr T De Vos.