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REGISTERED NUMBER: 03606788 (England and Wales)














Financial Statements for the Year Ended 31 December 2023

for

Enhanced Properties Limited

Enhanced Properties Limited (Registered number: 03606788)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Enhanced Properties Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr J P Sweeting
Mr M F Wheeler





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 03606788 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Enhanced Properties Limited (Registered number: 03606788)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 38,863 26,390

CURRENT ASSETS
Inventories 6,000 12,000
Debtors 5 26,327 29,925
Cash at bank 15,322 -
47,649 41,925
CREDITORS
Amounts falling due within one year 6 45,420 46,343
NET CURRENT ASSETS/(LIABILITIES) 2,229 (4,418 )
TOTAL ASSETS LESS CURRENT LIABILITIES 41,092 21,972

CREDITORS
Amounts falling due after more than one
year

7

13,325

21,770
NET ASSETS 27,767 202

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 27,765 200
SHAREHOLDERS' FUNDS 27,767 202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Enhanced Properties Limited (Registered number: 03606788)

Statement of Financial Position - continued
31 December 2023


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 30 May 2024 and were signed on its behalf by:




Mr J P Sweeting - Director



Mr M F Wheeler - Director


Enhanced Properties Limited (Registered number: 03606788)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Enhanced Properties Limited is a private company, limited by shares , registered in England and Wales. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Enhanced Properties Limited (Registered number: 03606788)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 13,940 46,491 3,355 63,786
Additions - 45,644 - 45,644
Disposals - (37,551 ) - (37,551 )
At 31 December 2023 13,940 54,584 3,355 71,879
DEPRECIATION
At 1 January 2023 12,111 22,452 2,833 37,396
Charge for year 275 12,307 130 12,712
Eliminated on disposal - (17,092 ) - (17,092 )
At 31 December 2023 12,386 17,667 2,963 33,016
NET BOOK VALUE
At 31 December 2023 1,554 36,917 392 38,863
At 31 December 2022 1,829 24,039 522 26,390

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 26,327 29,925

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,126 12,988
Trade creditors 10,648 -
Taxation and social security 18,422 29,999
Other creditors 7,224 3,356
45,420 46,343

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 13,325 21,770

8. RELATED PARTY DISCLOSURES

The Directors, Mr J P Sweeting and Mr M F Wheeler, are considered to be the key management personnel.