45 false false false false false false false false false false true false false false false false false No description of principal activity 2024-03-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,040,000 476,667 104,000 580,667 459,333 563,333 xbrli:pure xbrli:shares iso4217:GBP 06092135 2024-03-01 2025-02-28 06092135 2025-02-28 06092135 2024-02-29 06092135 2023-03-01 2024-02-29 06092135 2024-02-29 06092135 2023-02-28 06092135 core:NetGoodwill 2024-03-01 2025-02-28 06092135 core:FurnitureFittings 2024-03-01 2025-02-28 06092135 bus:Director1 2024-03-01 2025-02-28 06092135 core:NetGoodwill 2024-02-29 06092135 core:NetGoodwill 2025-02-28 06092135 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-29 06092135 core:FurnitureFittings 2024-02-29 06092135 core:LandBuildings core:OwnedOrFreeholdAssets 2025-02-28 06092135 core:FurnitureFittings 2025-02-28 06092135 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 06092135 core:WithinOneYear 2025-02-28 06092135 core:WithinOneYear 2024-02-29 06092135 core:AfterOneYear 2025-02-28 06092135 core:AfterOneYear 2024-02-29 06092135 core:ShareCapital 2025-02-28 06092135 core:ShareCapital 2024-02-29 06092135 core:RevaluationReserve 2025-02-28 06092135 core:RevaluationReserve 2024-02-29 06092135 core:RetainedEarningsAccumulatedLosses 2025-02-28 06092135 core:RetainedEarningsAccumulatedLosses 2024-02-29 06092135 core:NetGoodwill 2024-02-29 06092135 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-29 06092135 core:FurnitureFittings 2024-02-29 06092135 bus:SmallEntities 2024-03-01 2025-02-28 06092135 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 06092135 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 06092135 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 06092135 bus:FullAccounts 2024-03-01 2025-02-28
COMPANY REGISTRATION NUMBER: 06092135
ENDEAVOUR DOMINION LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 February 2025
ENDEAVOUR DOMINION LIMITED
STATEMENT OF FINANCIAL POSITION
28 February 2025
2025
2024
Note
£
£
£
Fixed assets
Intangible assets
5
459,333
563,333
Tangible assets
6
7,398,258
6,214,175
------------
------------
7,857,591
6,777,508
Current assets
Stocks
16,559
18,097
Debtors
7
120,928
294,882
Cash at bank and in hand
621,394
728,961
---------
------------
758,881
1,041,940
Creditors: amounts falling due within one year
8
387,447
415,437
---------
------------
Net current assets
371,434
626,503
------------
------------
Total assets less current liabilities
8,229,025
7,404,011
Creditors: amounts falling due after more than one year
9
3,323,328
2,997,455
Provisions
Taxation including deferred tax
208,932
176,494
------------
------------
Net assets
4,696,765
4,230,062
------------
------------
Capital and reserves
Called up share capital
200
200
Revaluation reserve
3,644,783
3,147,075
Profit and loss account
1,051,782
1,082,787
------------
------------
Shareholder funds
4,696,765
4,230,062
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ENDEAVOUR DOMINION LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
28 February 2025
These financial statements were approved by the board of directors and authorised for issue on 2 May 2025 , and are signed on behalf of the board by:
Mr A A Quddus
Director
Company registration number: 06092135
ENDEAVOUR DOMINION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 34 - 36 Burlington Road, Swanage, BH19 1LT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and Fittings
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 45 (2024: 47 ).
5. Intangible assets
Goodwill
£
Cost
At 1 March 2024 and 28 February 2025
1,040,000
------------
Amortisation
At 1 March 2024
476,667
Charge for the year
104,000
------------
At 28 February 2025
580,667
------------
Carrying amount
At 28 February 2025
459,333
------------
At 29 February 2024
563,333
------------
6. Tangible assets
Freehold property
Fixtures and fittings
Total
£
£
£
Cost
At 1 March 2024
5,762,192
611,991
6,374,183
Additions
1,013,356
249,423
1,262,779
------------
---------
------------
At 28 February 2025
6,775,548
861,414
7,636,962
------------
---------
------------
Depreciation
At 1 March 2024
160,008
160,008
Charge for the year
78,696
78,696
------------
---------
------------
At 28 February 2025
238,704
238,704
------------
---------
------------
Carrying amount
At 28 February 2025
6,775,548
622,710
7,398,258
------------
---------
------------
At 29 February 2024
5,762,192
451,983
6,214,175
------------
---------
------------
Tangible assets held at valuation
Included within the net book value of Freehold property, is The Pines Hotel, 34-36 Burlington Road, Swanage, which was revalued in July 2022 by Knight Frank LLP at an open market value of £4,500,000. Land adjacent to the hotel which included garages with planning permission have been converted into two properties, which have been valued in July 2024 by Miles & Son at an open market value of £795,000 per property. The historical costs of the Freehold Property included above was £1,811,115. 21 Burlington Road, Swanage, included in Freehold Property was revalued in April 2022, at an open market value of £850,000 by an independent valuer. The historical cost of the freehold property included above was £705,562.
7. Debtors
2025
2024
£
£
Trade debtors
7,991
1,048
Other debtors
112,937
293,834
---------
---------
120,928
294,882
---------
---------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
97,135
44,069
Trade creditors
129,284
111,719
Corporation tax
19,024
90,018
Social security and other taxes
23,929
77,777
Other creditors
118,075
91,854
---------
---------
387,447
415,437
---------
---------
9. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,323,328
2,997,455
------------
------------
Included within creditors: amounts falling due after more than one year is an amount of £3,094,009 (2024: £2,674,458) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The bank loan is secured on the assets of the company.
10. Director's advances, credits and guarantees
There are no Directors advances, credits or guarantees that need to be disclosed in the financial statements.