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REGISTERED NUMBER: 11391346 (England and Wales)















ENSCO 1292 LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






ENSCO 1292 LIMITED (REGISTERED NUMBER: 11391346)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ENSCO 1292 LIMITED

COMPANY INFORMATION
For The Year Ended 30 JUNE 2024







DIRECTORS: R J Fullerton
G M Hussey





REGISTERED OFFICE: 8 Church Green East
Redditch
Worcestershire
B98 8BP





REGISTERED NUMBER: 11391346 (England and Wales)





AUDITORS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

ENSCO 1292 LIMITED (REGISTERED NUMBER: 11391346)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 377,555 377,555
Investments 5 100 100
377,655 377,655

CURRENT ASSETS
Debtors 6 97,216 53,514
Cash at bank 6,961 5,060
104,177 58,574
CREDITORS
Amounts falling due within one year 7 39,511 38,804
NET CURRENT ASSETS 64,666 19,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,321

397,425

CREDITORS
Amounts falling due after more than one
year

8

8,921

36,386
NET ASSETS 433,400 361,039

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 433,300 360,939
433,400 361,039

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





R J Fullerton - Director


ENSCO 1292 LIMITED (REGISTERED NUMBER: 11391346)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 JUNE 2024


1. STATUTORY INFORMATION

Ensco 1292 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 July 2023
and 30 June 2024 377,555
NET BOOK VALUE
At 30 June 2024 377,555
At 30 June 2023 377,555

ENSCO 1292 LIMITED (REGISTERED NUMBER: 11391346)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 JUNE 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Think Insurance Services Limited
Registered office: 8 Church Green East, Redditch, Worcestershire, B98 8BP.
Nature of business: Insurance Brokers
%
Class of shares: holding
Ordinary 100.00
30.6.24 30.6.23
£    £   
Aggregate capital and reserves 3,542,369 3,702,559
(Loss)/profit for the year (160,190 ) 263,528

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by group undertakings 96,312 52,372
Other debtors 904 1,142
97,216 53,514

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 26,750 25,000
Trade creditors - 4,896
Taxation and social security 1,750 -
Other creditors 11,011 8,908
39,511 38,804

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 8,921 36,386

ENSCO 1292 LIMITED (REGISTERED NUMBER: 11391346)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 JUNE 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 35,671 61,386

HSBC PLC has a legal mortgage charge over 26 - 28 Newhall Street, Walsall, WS1 3DZ.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Thomas Harris (Senior Statutory Auditor)
for and on behalf of Charles Lovell & Co Limited

11. RELATED PARTY DISCLOSURES

Think Insurance Services Limited, a wholly owned subsidiary of Ensco 1292 Limited, rents the premises from Ensco 1292 Limited for £30,000 per annum.