Company registration number 14944505 (England and Wales)
ENCO INSIGHTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ENCO INSIGHTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ENCO INSIGHTS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
Notes
£
£
Current assets
Debtors
4
7,195
Creditors: amounts falling due within one year
5
(406,777)
Net current liabilities
(399,582)
Capital and reserves
Called up share capital
6
12
Profit and loss reserves
(399,594)
Total equity
(399,582)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 December 2023 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 10 March 2025 and are signed on its behalf by:
Mr D C A Stewart
Director
Company registration number 14944505 (England and Wales)
ENCO INSIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Enco Insights Limited is a private company limited by shares incorporated in England and Wales. The registered office is N2 Bressenden Place, LONDON, SW1E 5BY.

1.1
Reporting period

The company was incorporated on 19 June 2023. The company's first reporting period is from the incorporation date of 19 June 2023 to the period end date of 31 December 2023. The financial statements reporting period is therefore shorter than one year and there is no comparative information to be included.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion can be estimated reliably.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

ENCO INSIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
Number
Total
3
ENCO INSIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 4 -
4
Debtors
2023
Amounts falling due within one year:
£
Amounts owed by group undertakings
10
Other debtors
7,185
7,195
5
Creditors: amounts falling due within one year
2023
£
Trade creditors
1,024
Amounts owed to group undertakings
368,396
Other creditors
37,357
406,777
6
Called up share capital
2023
2023
Ordinary share capital
Number
£
Issued and fully paid
A Ordinary shares of 1p each
1,000
10
B Ordinary shares of 1p each
200
2
1,200
12

During the year 1,000 Ordinary shares of £0.01 were allotted before subsequently being redesignated as 875 A Ordinary shares of £0.01 and 125 B Ordinary shares of £0.01. An additional 125 A Ordinary shares of £0.01 and 75 B Ordinary shares of £0.01 were allotted.

 

The A Ordinary shares and B Ordinary shares rank pari passu in all respects, including rights to vote at a general meeting, rights to receive dividends and return of capital on exit.

7
Parent company

The immediate parent company is HC Group Ventures Holdings Ltd. The registered office is 16 Great Queen Street, London, England, WC2B 5DG.

 

The ultimate parent company is HC Group Global Holdings Ltd. The registered office is N2 Bressenden Place, 3rd Floor, London, England, SW1E 5BY.

 

The financial statements of the ultimate parent company of the group, HC Group Global Holdings Ltd, are publicly available. Copies of the group financial statements can be obtained from Companies House, Crown Way, Cardiff, CF4 3UZ.

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