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 |
|
ENDEAVOUR DOMINION LIMITED |
|
STATEMENT OF FINANCIAL POSITION |
|
28 February 2025
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:
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.