Company Registration No. 13914686 (England and Wales)
Escendant Ltd
Unaudited accounts
for the year ended 31 March 2024
Escendant Ltd
Unaudited accounts
Contents
Escendant Ltd
Company Information
for the year ended 31 March 2024
Directors
Dr Jenni Henderson
Neil Hamilton Murray
Company Number
13914686 (England and Wales)
Registered Office
Escendant Offices, Blisworth Hill Farm
Stoke Road
Blisworth
Northampton
Northamptonshire
NN7 3DB
England
Escendant Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
73,825
87,706
Cash at bank and in hand
277,643
339,468
Creditors: amounts falling due within one year
(68,941)
(40,780)
Net current assets
284,103
305,336
Total assets less current liabilities
357,928
393,042
Creditors: amounts falling due after more than one year
(1,000,000)
-
Net (liabilities)/assets
(642,072)
393,042
Called up share capital
125
125
Share premium
999,975
999,975
Profit and loss account
(1,642,172)
(607,058)
Shareholders' funds
(642,072)
393,042
For the year ending 31 March 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 24 March 2025 and were signed on its behalf by
Dr Jenni Henderson
Director
Company Registration No. 13914686
Escendant Ltd
Notes to the Accounts
for the year ended 31 March 2024
Escendant Ltd is a private company, limited by shares, registered in England and Wales, registration number 13914686. The registered office is Escendant Offices, Blisworth Hill Farm, Stoke Road, Blisworth, Northampton, Northamptonshire, NN7 3DB, England.
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.
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.
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:
Fixtures & fittings
3 years
Computer equipment
3 years
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension costs charge represents contributions payable for the period by the company to the fund.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
65,225
29,660
94,885
Additions
12,004
10,411
22,415
At 31 March 2024
77,229
40,071
117,300
At 1 April 2023
2,675
4,504
7,179
Charge for the year
24,541
11,755
36,296
At 31 March 2024
27,216
16,259
43,475
At 31 March 2024
50,013
23,812
73,825
At 31 March 2023
62,550
25,156
87,706
Escendant Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
2,172
6,648
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,266
23,030
Taxes and social security
56,585
15,707
Loans from directors
1,813
330
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
1,000,000
-
8
Transactions with related parties
There were no material transactions with directors and shareholders that were not conducted under normal market conditions. The amounts owed to the directors are included within creditors. The balances are payable on demand and no interest is charged.
9
Average number of employees
During the year the average number of employees was 8 (2023: 4).