1 September 2023 false No description of principal activity Taxfiler 2024.6 12836498business:PrivateLimitedCompanyLtd2023-09-012024-12-31 128364982023-08-31 128364982023-09-012024-12-31 12836498business:AuditExempt-NoAccountantsReport2023-09-012024-12-31 12836498business:FilletedAccounts2023-09-012024-12-31 128364982024-12-31 128364982023-08-31 12836498core:WithinOneYear2024-12-31 12836498core:WithinOneYear2023-08-31 12836498core:AfterOneYear2024-12-31 12836498core:AfterOneYear2023-08-31 12836498core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 12836498core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 12836498core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 12836498core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 12836498core:PreviouslyStatedAmount2024-12-31 12836498core:PreviouslyStatedAmount2023-08-31 12836498business:SmallEntities2023-09-012024-12-31 12836498business:Director12023-09-012024-12-31 12836498countries:EnglandWales2023-09-012024-12-31 12836498business:RegisteredOffice2023-09-012024-12-31 12836498core:LandBuildings2023-09-012024-12-31 12836498core:FurnitureFittings2023-09-012024-12-31 12836498core:ComputerEquipment2023-09-012024-12-31 12836498core:OtherPropertyPlantEquipment2023-09-012024-12-31 12836498core:IntangibleAssetsOtherThanGoodwill2023-08-31 12836498core:IntangibleAssetsOtherThanGoodwill2023-09-012024-12-31 12836498core:IntangibleAssetsOtherThanGoodwill2024-12-31 12836498core:LandBuildings2023-08-31 12836498core:FurnitureFittings2023-08-31 12836498core:ComputerEquipment2023-08-31 12836498core:LandBuildings2024-12-31 12836498core:FurnitureFittings2024-12-31 12836498core:ComputerEquipment2024-12-31 128364982022-09-012023-08-31 iso4217:GBP xbrli:pure
Espanaro Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
446 
136 
Tangible assets
15,434 
11,709 
15,880 
11,845 
Current assets
Debtors
276,469 
199,733 
Cash at bank and in hand
96,438 
27,727 
372,907 
227,460 
Creditors: amounts falling due within one year
(222,794)
(129,692)
Net current assets
150,113 
97,768 
Total assets less current liabilities
165,993 
109,613 
Creditors: amounts falling due after more than one year
(390,123)
(54,500)
Provisions for liabilities
Deferred tax
(1,796)
(1,796)
Net (liabilities)/assets
(225,926)
53,317 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(225,927)
53,316 
Shareholders' funds
(225,926)
53,317 
For the period ending 31 December 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 director acknowledges his 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 and authorised for issue on 6 February 2025 and were signed on its behalf by
Daniel Philip Edmunds Director Company Registration No. 12836498
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Espanaro Ltd Notes to the Accounts for the period from 1 September 2023 to 31 December 2024
1
Statutory information
Espanaro Ltd is a private company, limited by shares, registered in England and Wales, registration number 12836498. The registered office is Espanaro Ltd, 7 Bell Yard, London, WC2A 2JR, 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
These financial statements for the period from 1 September 2023 to 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
10% Straight Line
Fixtures & fittings
20% Reducing Balance
Computer equipment
33% Straight Line
Other tangible fixed assets
10% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
- 2 -
Espanaro Ltd Notes to the Accounts for the period from 1 September 2023 to 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
170 
Additions
340 
At 31 December 2024
510 
Amortisation
At 1 September 2023
34 
Charge for the period
30 
At 31 December 2024
64 
Net book value
At 31 December 2024
446 
At 31 August 2023
136 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
3,200 
852 
15,218 
19,270 
Additions
- 
- 
12,157 
12,157 
At 31 December 2024
3,200 
852 
27,375 
31,427 
Depreciation
At 1 September 2023
320 
234 
7,007 
7,561 
Charge for the period
427 
165 
7,840 
8,432 
At 31 December 2024
747 
399 
14,847 
15,993 
Net book value
At 31 December 2024
2,453 
453 
12,528 
15,434 
At 31 August 2023
2,880 
618 
8,211 
11,709 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
48,524 
60,876 
Accrued income and prepayments
227,945 
138,857 
276,469 
199,733 
- 3 -
Espanaro Ltd Notes to the Accounts for the period from 1 September 2023 to 31 December 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
76,912 
22,458 
VAT
42,348 
36,760 
Trade creditors
102,765 
423 
Taxes and social security
23,237 
47,304 
Proposed dividends
- 
17,650 
Other creditors
6,508 
4,791 
Loans from directors
(32,304)
(1,270)
Accruals
3,328 
1,576 
222,794 
129,692 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
390,123 
54,500 
9
Loans to directors
During the year the company made advances of £32,304 to the Director.
10
Average number of employees
During the period the average number of employees was 12 (2023: 6).
- 4 -