Company Registration No. 08973373 (England and Wales)
Encore Family Office Limited
Unaudited accounts
for the year ended 30 September 2024
Encore Family Office Limited
Unaudited accounts
Contents
Encore Family Office Limited
Company Information
for the year ended 30 September 2024
Directors
R J Wood
I Alferovs
Company Number
08973373 (England and Wales)
Registered Office
65 Bracebridge Road
Four Oaks Estate
Sutton Coldfield
B74 2SL
Encore Family Office Limited
Statement of financial position
as at 30 September 2024
Investments
139,749
66,790
Cash at bank and in hand
142,352
143,343
Creditors: amounts falling due within one year
(49,724)
(38,186)
Net current assets
110,116
119,687
Total assets less current liabilities
249,865
186,477
Provisions for liabilities
Net assets
246,215
186,027
Called up share capital
100
100
Fair value reserve
14,542
1,708
Profit and loss account
231,573
184,219
Shareholders' funds
246,215
186,027
For the year ending 30 September 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 11 February 2025 and were signed on its behalf by
R J Wood
Director
Company Registration No. 08973373
Encore Family Office Limited
Notes to the Accounts
for the year ended 30 September 2024
Encore Family Office Limited is a private company, limited by shares, registered in England and Wales, registration number 08973373. The registered office is 65 Bracebridge Road, Four Oaks Estate, Sutton Coldfield, B74 2SL.
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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 year, 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.
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Investments held as fixed assets
Investments in listed securities are included at fair value at the balance sheet date. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the investments are sold.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Deferred tax assets and liabilities are not discounted.
Encore Family Office Limited
Notes to the Accounts
for the year ended 30 September 2024
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Debtors and Creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
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Investments
Other investments
Valuation at 1 October 2023
66,790
Fair value adjustments
12,834
Valuation at 30 September 2024
139,749
Amounts falling due within one year
Trade debtors
17,488
14,530
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
39,500
30,000
Other creditors
10,224
8,186
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Average number of employees
During the year the average number of employees was 3 (2023: 3).