Company registration number 13863343 (England and Wales)
ESQUE VENTURES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
ESQUE VENTURES LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
ESQUE VENTURES LTD
COMPANY INFORMATION
- 1 -
Directors
Mr H Hugo
Mr F Hobbs
Secretary
Ms S Taylor
Company number
13863343
Registered office
10 Bridge Street
Christchurch
Dorset
BH23 1EF
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
ESQUE VENTURES LTD
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment properties
3
130,000
130,000
Current assets
Debtors
4
2,426
374
Cash at bank and in hand
1,567
913
3,993
1,287
Creditors: amounts falling due within one year
5
(46,238)
(46,878)
Net current liabilities
(42,245)
(45,591)
Total assets less current liabilities
87,755
84,409
Creditors: amounts falling due after more than one year
6
(96,137)
(96,137)
Net liabilities
(8,382)
(11,728)
Capital and reserves
Called up share capital
7
2
2
Fair value reserve
(5,719)
(5,719)
Profit and loss reserves
(2,665)
(6,011)
Total equity
(8,382)
(11,728)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

ESQUE VENTURES LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
31 March 2024
- 3 -

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 7 August 2024 and are signed on its behalf by:
Mr H Hugo
Director
Company Registration No. 13863343
ESQUE VENTURES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
1
Accounting policies
Company information

Esque Ventures Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Bridge Street, Christchurch, Dorset, BH23 1EF.

1.1
Reporting period

The company extended its accounting year in order to prepare annual financial statements to 31st March each year. Therefore the comparatives are for an extended period from 21 January 2022 to 31 March 2023.

 

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.3
Going concern

These financial statements are prepared on the going concern basis. The directors will continue to support the company and therefore have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

1.4
Turnover

The turnover shown in the profit and loss account represents amounts receivable in relation to property rental during the period.

1.5
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

ESQUE VENTURES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Investment property
2024
£
Fair value
At 1 April 2023 and 31 March 2024
130,000

The historical cost of the fixed asset investment property is £135,719 (2023 - £135,719).

 

The fair value of the investment property has been arrived at on the basis of a valuation carried out on 6 January 2023 by Landbay Partners Ltd, who are not connected with the company.

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
2,426
374
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
46,238
46,878
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
96,137
96,137

The borrowings are secured by property charges over the investment property held in the company name.

ESQUE VENTURES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
6
Creditors: amounts falling due after more than one year
(Continued)
- 6 -
Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable other than by instalments
96,137
96,137
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
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