Registration number:
Enidvale Holdings Limited
for the Year Ended 29 February 2024
Enidvale Holdings Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Enidvale Holdings Limited
(Registration number: 03706565)
Balance Sheet as at 29 February 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
77 |
77 |
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Share premium reserve |
419,925 |
419,925 |
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Other reserves |
1,866,887 |
1,678,172 |
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Retained earnings |
3,277,097 |
3,624,051 |
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Shareholders' funds |
5,563,986 |
5,722,225 |
Enidvale Holdings Limited
(Registration number: 03706565)
Balance Sheet as at 29 February 2024
For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Enidvale Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for rental income and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Tax
The tax expense for the period comprises current tax payable and deferred tax.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
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.
Enidvale Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
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 |
Fixtures and fittings |
15% reducing balance |
Plant and machinery |
15% straight line |
Office equipment |
15% straight line |
Investment property
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.
Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
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 are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Enidvale Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
Tangible assets |
Fixtures and fittings |
Plant and machinery |
Office equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 March 2023 |
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Additions |
- |
- |
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- |
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Disposals |
- |
- |
- |
( |
( |
At 29 February 2024 |
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- |
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Depreciation |
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At 1 March 2023 |
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Charge for the year |
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Eliminated on disposal |
- |
- |
- |
( |
( |
At 29 February 2024 |
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- |
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Carrying amount |
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At 29 February 2024 |
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- |
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- |
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At 28 February 2023 |
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Included within the net book value of tangible fixed assets is £90,000 (2023: £nil) in respect of assets held under finance leases and similar hire purchase contracts. Depreciation for the year on these assets was £nil (2023: £nil).
Enidvale Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
Investment properties |
2024 |
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At 1 March |
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Additions |
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Fair value adjustments |
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At 29 February |
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The investment properties class of assets were revalued on 29 February 2024 by the directors. The basis of this valuation was fair value.
There has been no valuation of investment property by an independent valuer.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £1,422,084 (2023: £1,075,097).
Investments |
2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 March 2023 |
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Additions |
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Disposals |
( |
At 29 February 2024 |
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Provision |
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Carrying amount |
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At 29 February 2024 |
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At 28 February 2023 |
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Enidvale Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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Littlecote Road,
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Littlecote Road,
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Subsidiary undertakings |
BK Grain Group Limited The principal activity of BK Grain Group Limited is |
Enidvale Limited The principal activity of Enidvale Limited is |
Debtors |
Current |
Note |
2024 |
2023 |
Trade debtors |
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Amounts owed by related parties |
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Prepayments |
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- |
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Other debtors |
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Enidvale Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
Creditors |
Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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- |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Loans and borrowings |
Current loans and borrowings
2024 |
2023 |
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Hire purchase contracts |
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- |
Finance lease and similar hire purchase contract liabilities are secured on the assets to which they relate.
Enidvale Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
Related party transactions |
Transactions with directors |
2024 |
At 1 March 2023 |
Advances to director |
Repayments by director |
At 29 February 2024 |
W A Bird |
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Director loan account |
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( |
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2023 |
At 1 March 2022 |
Advances to director |
Repayments by director |
At 28 February 2023 |
W A Bird |
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Director loan account |
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( |
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Other transactions with directors |
W A Bird (director) had a loan account with the company on which interest has been charged at the HMRC official rate. At the balance sheet date the amount due from W A Bird was £503,854 (2023: £503,854).
Income and receivables from related parties
2024 |
Subsidiary |
Rental income |
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Management charges |
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Amounts receivable from related party |
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2023 |
Subsidiary |
Rental income |
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Management charges |
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Amounts receivable from related party |
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Parent and ultimate parent undertaking |
The ultimate controlling party is