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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
Page
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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
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Enborne Properties Limited Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
381,763 
408,278 
Investment property
1,874,750 
1,874,750 
2,256,513 
2,283,028 
Current assets
Inventories
755 
980 
Debtors
3,571 
8,797 
Cash at bank and in hand
178,094 
110,237 
182,420 
120,014 
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 
Capital and reserves
Called up share capital
304 
302 
Share premium
8,692 
- 
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
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Enborne Properties Limited Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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 taxation
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.
Pension costs
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.
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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 
Depreciation
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 
Net book value
At 28 February 2024
310,742 
39,580 
31,441 
381,763 
At 28 February 2023
318,910 
50,875 
38,493 
408,278 
5
Investment property
2024 
£ 
Fair value at 1 March 2023
1,874,750 
At 28 February 2024
1,874,750 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,092 
8,510 
Other debtors
479 
287 
3,571 
8,797 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
486,486 
83,046 
VAT
5,193 
7,790 
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 
755,863 
401,961 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
421,598 
Aggregate of amounts that fall due for payment after five years
- 
179,319 
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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).
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