Caseware UK (AP4) 2023.0.135 2023.0.135 false42023-01-01No description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07830878 2023-01-01 2023-12-31 07830878 2022-01-01 2022-12-31 07830878 2023-12-31 07830878 2022-12-31 07830878 c:Director1 2023-01-01 2023-12-31 07830878 d:Buildings 2023-01-01 2023-12-31 07830878 d:Buildings 2023-12-31 07830878 d:Buildings 2022-12-31 07830878 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07830878 d:CurrentFinancialInstruments 2023-12-31 07830878 d:CurrentFinancialInstruments 2022-12-31 07830878 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07830878 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07830878 d:ShareCapital 2023-12-31 07830878 d:ShareCapital 2022-12-31 07830878 d:RetainedEarningsAccumulatedLosses 2023-12-31 07830878 d:RetainedEarningsAccumulatedLosses 2022-12-31 07830878 c:FRS102 2023-01-01 2023-12-31 07830878 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07830878 c:FullAccounts 2023-01-01 2023-12-31 07830878 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07830878 5 2023-01-01 2023-12-31 07830878 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07830878









Ensco 898 Limited







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2023

 
Ensco 898 Limited
Registered number: 07830878

Balance Sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,766,000
1,790,300

Current assets
  

Debtors: amounts falling due within one year
 5 
47,502
47,502

Cash at bank and in hand
 6 
80,379
189,785

Creditors: amounts falling due within one year
 7 
(87,627)
(47,502)

Net current assets
  
 
 
40,254
 
 
189,785

Total assets less current liabilities
  
1,806,254
1,980,085

  

Net assets
  
1,806,254
1,980,085


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,806,253
1,980,084

  
1,806,254
1,980,085


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 statement of comprehensive income 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: 



G R Norfolk
Director
Date: 8 August 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
Ensco 898 Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2023

1.


General information

Ensco 898 Limited is a private company limited by members capital and incorporated in England and Wales, registered number 07830878. The address of the registered office and principal place of business is Fawside Farm, Longnor, Buxton, Derbyshire, SK17 0RA. 
The company operates a property rental business. 

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
The following principal accounting policies have been applied: 

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

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.

 
2.4

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.

 
2.5

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.

Page 2

 
Ensco 898 Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Freehold property
-
2%
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.

Land is not depreciated.

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
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.

Page 3

 
Ensco 898 Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is
recognised in the Statement of Comprehensive Income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an
asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective
interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss
is the current effective interest rate determined under the contract.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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

Page 4

 
Ensco 898 Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2023

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 January 2023
2,050,000



At 31 December 2023

2,050,000



Depreciation


At 1 January 2023
259,700


Charge for the year on owned assets
24,300



At 31 December 2023

284,000



Net book value



At 31 December 2023
1,766,000



At 31 December 2022
1,790,300

The historical cost of the freehold property is £1,500,000.


5.


Debtors

2023
2022
£
£


Trade debtors
47,502
-

Amounts owed by group undertakings
-
47,502

47,502
47,502



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
80,379
189,785


Page 5

 
Ensco 898 Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
40,127
2

Accruals and deferred income
47,500
47,500

87,627
47,502





8.Guarantees

Ensco 898 Limited is subject to a fixed and floating charge by way of debenture over the assets of the company.


9.


Controlling party

In October 2023, Ensco 898 Limited was acquired by Ensco 1478 Limited. From this date, Ensco 1478 Limited is the immediate and ultimate parent undertaking, a company incorporated in England and Wales, company number 14545836. 
The registered office of Ensco 1478 Limited is Fawside Farm, Longnor, Buxton, England, SK17 0RA.
There is no overall controlling party of Ensco 1478 Limited.

 
Page 6