Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11203314 Mr N Railton Mrs E Railton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11203314 2023-03-31 11203314 2024-03-31 11203314 2023-04-01 2024-03-31 11203314 frs-core:CurrentFinancialInstruments 2024-03-31 11203314 frs-core:ShareCapital 2024-03-31 11203314 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11203314 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11203314 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11203314 frs-bus:SmallEntities 2023-04-01 2024-03-31 11203314 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11203314 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11203314 frs-bus:Director1 2023-04-01 2024-03-31 11203314 frs-bus:Director2 2023-04-01 2024-03-31 11203314 frs-countries:EnglandWales 2023-04-01 2024-03-31 11203314 2022-03-31 11203314 2023-03-31 11203314 2022-04-01 2023-03-31 11203314 frs-core:CurrentFinancialInstruments 2023-03-31 11203314 frs-core:ShareCapital 2023-03-31 11203314 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11203314
ENICE Investments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Elco Accounting Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11203314
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,411,143 1,411,143
1,411,143 1,411,143
CURRENT ASSETS
Debtors 5 6,281 3,490
Cash at bank and in hand 18,314 14,837
24,595 18,327
Creditors: Amounts Falling Due Within One Year 6 (1,026,964 ) (1,052,984 )
NET CURRENT ASSETS (LIABILITIES) (1,002,369 ) (1,034,657 )
TOTAL ASSETS LESS CURRENT LIABILITIES 408,774 376,486
PROVISIONS FOR LIABILITIES
Deferred Taxation (77,750 ) (59,090 )
NET ASSETS 331,024 317,396
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 330,924 317,296
SHAREHOLDERS' FUNDS 331,024 317,396
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr N Railton
Director
22/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ENICE Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11203314 . The registered office is C/O Elco Accounting, 24 Church Street, Rickmansworth, Hertfordshire, WD3 1DD.

The presentational currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The directors have indicated that they will continue to support the company and are of the opinion that the
company will continue to receive financial support for the foreseeable future from the directors and it's creditors to enable the company to continue it's activities.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realised the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
...CONTINUED
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2.4. Financial Instruments - continued
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 1,411,143
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2 2
Other debtors 6,279 3,488
6,281 3,490
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,019,390 1,045,252
Taxation and social security 7,574 7,732
1,026,964 1,052,984
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Reserves
Included within reserves is a fair value reserve of £251,910 (2022 £251,910) net of deferred tax of £59,090 (2022 £59,090), which relates to the revaluation of the investment properties and is not distributable to the shareholders.
9. Related Party Transactions
At the year end the company owed the directors £1,061,151 (2021 £1,095,484). The loan is unsecured, repayable
on demand and attracts no interest.
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