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Registered number: 13983861
ENAA Investments Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Berkshire Accountants Limited
Chartered Certified Accountants & Registered Auditors
50A London Street
Reading
RG1 4SQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13983861
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,282 11,620
Investment Properties 5 1,530,001 340,001
1,540,283 351,621
CURRENT ASSETS
Debtors 6 73,863 -
Cash at bank and in hand 449,449 2,171
523,312 2,171
Creditors: Amounts Falling Due Within One Year 7 (1,038,337 ) (299,710 )
NET CURRENT ASSETS (LIABILITIES) (515,025 ) (297,539 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,025,258 54,082
Creditors: Amounts Falling Due After More Than One Year 8 (421,737 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (151,300 ) (11,480 )
NET ASSETS 452,221 42,602
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 452,121 42,502
SHAREHOLDERS' FUNDS 452,221 42,602
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 Erjon Duka
Director
20 November 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ENAA Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13983861 . The registered office is 89 Beaulieu Close, Toothill, , Swindon,, SN5 8AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 25% opn the reducing balance basis
Fixtures & Fittings 25% on reducing balance basis
Computer Equipment 25% on reducing balance basis
2.4. 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.
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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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: NIL)
2 -
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 April 2023 15,494 - 15,494
Additions - 2,089 2,089
As at 31 March 2024 15,494 2,089 17,583
Depreciation
As at 1 April 2023 3,874 - 3,874
Provided during the period 2,905 522 3,427
As at 31 March 2024 6,779 522 7,301
Net Book Value
As at 31 March 2024 8,715 1,567 10,282
As at 1 April 2023 11,620 - 11,620
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5. Investment Property
31 March 2024
£
Fair Value
As at 1 April 2023 340,001
Additions 630,722
Revaluations 559,278
As at 31 March 2024 1,530,001
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Other debtors 51,015 -
VAT 22,848 -
73,863 -
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 18,648 -
Bank loans and overdrafts 16,653 -
Other creditors 2,550 650
Other loan (1) 188,382 -
Intercompany payable 464,900 -
Accruals and deferred income 1,050 575
Directors' loan accounts 346,154 296,085
Amounts owed to group undertakings - 2,400
1,038,337 299,710
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Bank loans 421,737 -
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Page 6
9. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6