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Registration number: 06610464

Endeavor Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Endeavor Management Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Endeavor Management Limited

(Registration number: 06610464)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,207

6,454

Investments

5

10

10

 

5,217

6,464

Current assets

 

Debtors

6

528,701

584,871

Cash at bank and in hand

 

51,922

46,279

 

580,623

631,150

Creditors: Amounts falling due within one year

7

(216,886)

(209,422)

Net current assets

 

363,737

421,728

Net assets

 

368,954

428,192

Capital and reserves

 

Called up share capital

10

10

Retained earnings

368,944

428,182

Shareholders' funds

 

368,954

428,192

 

Endeavor Management Limited

(Registration number: 06610464)
Balance Sheet as at 31 March 2024

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

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 August 2024
 

.........................................
A E Harvey
Director

 

Endeavor Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of management consultancy services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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:

Asset class

Depreciation method and rate

Office Equipment

25% reducing balance basis

Office Building

25% straight line basis

 

Endeavor Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

Endeavor Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Office building
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

8,163

12,235

20,398

Additions

-

716

716

Disposals

-

(1,321)

(1,321)

At 31 March 2024

8,163

11,630

19,793

Depreciation

At 1 April 2023

8,163

5,781

13,944

Charge for the year

-

1,433

1,433

Eliminated on disposal

-

(791)

(791)

At 31 March 2024

8,163

6,423

14,586

Carrying amount

At 31 March 2024

-

5,207

5,207

At 31 March 2023

-

6,454

6,454

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings.
 

 

Endeavor Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Investments

2024
£

2023
£

Investments in subsidiaries

10

10

Subsidiaries

£

Cost or valuation

At 1 April 2023

10

Provision

Carrying amount

At 31 March 2024

10

At 31 March 2023

10

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

-

20,000

Amounts owed by related parties

8

-

39,199

Other debtors

 

498,451

525,672

Prepayments

 

2,750

-

Accrued income

 

27,500

-

 

528,701

584,871

 

Endeavor Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

756

1,584

Taxation and social security

214,130

205,838

Other creditors

2,000

2,000

216,886

209,422

8

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

Advances to director
£

At 31 March 2024
£

A E Harvey

213,138

867

214,005

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

A E Harvey

198,583

14,555

-

213,138

Other transactions with the director

Mr A Harvey (director) had a loan account with the company on which there is an obligation to pay interest at the HMRC offical rate. At the balance sheet date the amount due from Mr A Harvey was £213,862 (2023 £213,138).

 

Endeavor Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Loans to related parties

2024

Subsidiary
£

Total
£

At start of period

39,199

39,199

Advanced

715

715

At end of period

39,914

39,914

2023

Subsidiary
£

Total
£

At start of period

38,458

38,458

Advanced

741

741

At end of period

39,199

39,199

Terms of loans to related parties

Loans advanced to subsidiary undertaking have no set repayment date and no interest is charged.