Engee Properties Limited
Registered number: 13824620
Statement of Financial Position
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 202,547 202,547
Current assets
Debtors 4 28,935 3,875
Cash at bank and in hand 28,385 2,339
57,320 6,214
Creditors: amounts falling due within one year 5 (116,164) (65,342)
Net current liabilities (58,844) (59,128)
Total assets less current liabilities 143,703 143,419
Creditors: amounts falling due after more than one year 6 (143,397) (143,401)
Net assets 306 18
Capital and reserves
Called up share capital 100 100
Profit and loss account 206 (82)
Shareholders' funds 306 18
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nirvair Singh
Director
Approved by the board on 25 March 2025
Engee Properties Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the directors of the company are funding the company in the form of a director’s loan. The directors are planning to continue this financial support for the company for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Investment property is included at fair value. Gains and losses are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees and directors 2025 2024
Number Number
Average number of directors and persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2024 202,547
At 31 January 2025 202,547
Depreciation
At 31 January 2025 -
Net book value
At 31 January 2025 202,547
At 31 January 2024 202,547
4 Debtors 2025 2024
£ £
Prepayments 7,335 3,775
Other debtors 21,600 100
28,935 3,875
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 4 4
Accruals 1,068 1,020
Corporation tax 48 -
Other creditors 115,044 64,318
116,164 65,342
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 143,397 143,401
7 Other information
Engee Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
52 Queensway
Cranleigh
England
GU6 7JJ
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