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REGISTERED NUMBER: 11193927 (England and Wales)





























Unaudited Financial Statements for the Year Ended 29 February 2024

for

Engledene Properties Limited

Engledene Properties Limited (Registered number: 11193927)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Engledene Properties Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Miss Teresa Maria Jackson
Mr Andrew Jospeh Hayes





REGISTERED OFFICE: 1 Whitehill Lane
Sharples
Bolton
BL1 7DS





REGISTERED NUMBER: 11193927 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

Engledene Properties Limited (Registered number: 11193927)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 923,074 649,231

CURRENT ASSETS
Cash at bank and in hand 10,176 7,775

CREDITORS
Amounts falling due within one year 5 (898,862 ) (642,081 )
NET CURRENT LIABILITIES (888,686 ) (634,306 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,388

14,925

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 34,288 14,825
SHAREHOLDERS' FUNDS 34,388 14,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:




Miss Teresa Maria Jackson - Director



Mr Andrew Jospeh Hayes - Director


Engledene Properties Limited (Registered number: 11193927)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Engledene 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 649,231
Additions 273,843
At 29 February 2024 923,074
NET BOOK VALUE
At 29 February 2024 923,074
At 28 February 2023 649,231

Engledene Properties Limited (Registered number: 11193927)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INVESTMENT PROPERTY - continued

The investment property has not been subject to a market valuation since it is the opinion of the directors that the cost is not materially different to the market value at the year end.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,269 -
Tax 4,565 3,477
Other creditors 535,477 532,000
Directors' current accounts 350,842 105,959
Accrued expenses 709 645
898,862 642,081

Other creditors include an amount of £535,477 (2023: £532,000) in relation to a loan from a company under common control.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100