Company Registration No. 02900570 (England and Wales)
Enborne Properties Limited
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
Enborne Properties Limited
Unaudited accounts
Contents
Enborne Properties Limited
Company Information
for the period from 1 March 2023 to 28 February 2024
Directors
I Fewings
S Fewings
Company Number
02900570 (England and Wales)
Registered Office
The Clockhouse
Selsey Road
Sidlesham
PO20 7NE
United Kingdom
Enborne Properties Limited
Statement of financial position
as at 28 February 2024
Tangible assets
381,763
408,278
Investment property
1,874,750
1,874,750
Cash at bank and in hand
178,094
110,237
Creditors: amounts falling due within one year
(755,863)
(401,961)
Net current liabilities
(573,443)
(281,947)
Total assets less current liabilities
1,683,070
2,001,081
Creditors: amounts falling due after more than one year
-
(421,598)
Provisions for liabilities
Deferred tax
(428,526)
(428,526)
Net assets
1,254,544
1,150,957
Called up share capital
304
302
Revaluation reserve
279,261
279,261
Profit and loss account
966,287
871,394
Shareholders' funds
1,254,544
1,150,957
For the period ending 28 February 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
I Fewings
Director
Company Registration No. 02900570
Enborne Properties Limited
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Enborne Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 02900570. The registered office is The Clockhouse, Selsey Road, Sidlesham, PO20 7NE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Plant & machinery
25% reducing balance
Motor vehicles
25% on cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Enborne Properties Limited
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
432,341
318,003
54,308
804,652
Additions
489
1,907
8,700
11,096
At 28 February 2024
432,830
319,910
63,008
815,748
At 1 March 2023
113,431
267,128
15,815
396,374
Charge for the period
8,657
13,202
15,752
37,611
At 28 February 2024
122,088
280,330
31,567
433,985
At 28 February 2024
310,742
39,580
31,441
381,763
At 28 February 2023
318,910
50,875
38,493
408,278
Fair value at 1 March 2023
1,874,750
At 28 February 2024
1,874,750
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
486,486
83,046
Trade creditors
3,338
5,112
Taxes and social security
46,932
23,792
Other creditors
5,444
28,832
Loans from directors
208,470
253,389
8
Creditors: amounts falling due after more than one year
2024
2023
Aggregate of amounts that fall due for payment after five years
-
179,319
Enborne Properties Limited
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
9
Average number of employees
During the period the average number of employees was 3 (2023: 4).