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REGISTERED NUMBER: 01714076 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Entep Properties Limited

Entep Properties Limited (Registered number: 01714076)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Entep Properties Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Cllr L V Denson
Ms M Lewis
Mr D Comer


SECRETARY: Mrs D Parker


REGISTERED OFFICE: Canal Bridge Enterprise Centre
Meadow Lane
Ellesmere Port
Cheshire
CH65 4EH


REGISTERED NUMBER: 01714076 (England and Wales)


SENIOR STATUTORY AUDITOR: Andrew Bagnall FCA


AUDITORS: Johnstone Howell & Co
Statutory Auditors
104 Whitby Road
Ellesmere Port
Cheshire
CH65 0AB


BANKERS: Lloyds TSB Bank Plc
8 Foregate Street
Chester
Cheshire
CH1 1XP


BANKERS: Virgin Money
Jubilee House
Gosforth
Newcastle upon Tyne
NE3 4PL

Entep Properties Limited (Registered number: 01714076)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 425,618 443,756

CURRENT ASSETS
Debtors 5 5,139 5,976
Cash at bank and in hand 1,436,662 1,302,111
1,441,801 1,308,087
CREDITORS
Amounts falling due within one year 6 89,214 67,935
NET CURRENT ASSETS 1,352,587 1,240,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,778,205

1,683,908

PROVISIONS FOR LIABILITIES 7 (1,810 ) (2,869 )

ACCRUALS AND DEFERRED INCOME 8 (27,756 ) (31,492 )
NET ASSETS 1,748,639 1,649,547

RESERVES
Income and expenditure account 9 1,748,639 1,649,547
1,748,639 1,649,547

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:




Mr D Comer - Director



Cllr L V Denson - Director


Entep Properties Limited (Registered number: 01714076)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Entep Properties Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Income
Income is recognised to the extent that it is probable that the economic benefits will flow to the company and the income can be reliably measured. Income is measured as the fair value of rents and fees received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Only assets costing £1,000 or more, or groups of assets forming part of a larger project costing over £1,000 are capitalised. This level is reviewed on a periodic basis, along with the need for a formal impairment review.

Depreciation is provided on a straight line basis in order to write off the cost, less estimated residual value, of each asset over its estimated useful life as follows:

Leasehold property- in accordance with the lease period of 25 years
Freehold buildings- 35 years
Plant and machinery- 10 years
Fixtures and fittings- 10 years
Computer equipment- 5 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Entep Properties Limited (Registered number: 01714076)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Regional development grants
Grants received towards capital expenditure on buildings are carried in the balance sheet as deferred income, and are released to the profit and loss account over the period in which the related expenditure is written off, being either 25 or 35 years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold
Leasehold land and Plant and
property buildings machinery
£ £ £
COST
At 1 October 2023
and 30 September 2024 395,468 806,516 37,167
DEPRECIATION
At 1 October 2023 395,467 374,245 26,739
Charge for year - 13,901 3,475
At 30 September 2024 395,467 388,146 30,214
NET BOOK VALUE
At 30 September 2024 1 418,370 6,953
At 30 September 2023 1 432,271 10,428

Entep Properties Limited (Registered number: 01714076)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 October 2023
and 30 September 2024 112,977 1,907 1,354,035
DEPRECIATION
At 1 October 2023 112,304 1,524 910,279
Charge for year 570 192 18,138
At 30 September 2024 112,874 1,716 928,417
NET BOOK VALUE
At 30 September 2024 103 191 425,618
At 30 September 2023 673 383 443,756

Included in cost of land and buildings is freehold land of £ 329,294 (2023 - £ 329,294 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Prepayments and accrued income 5,139 5,976

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Tax 35,435 16,520
Social security and other taxes 1,070 1,145
Other creditors 38,433 37,524
Accruals and deferred income 14,276 12,746
89,214 67,935

7. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax
Accelerated capital allowances 1,810 2,869

Deferred tax
£
Balance at 1 October 2023 2,869
Utilised during year (1,059 )
Balance at 30 September 2024 1,810

Entep Properties Limited (Registered number: 01714076)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. ACCRUALS AND DEFERRED INCOME
2024 2023
£ £
Deferred government grants 27,756 31,492

9. RESERVES
Income and
expenditure
account
£

At 1 October 2023 1,649,547
Surplus for the year 99,092
At 30 September 2024 1,748,639

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Bagnall FCA (Senior Statutory Auditor)
for and on behalf of Johnstone Howell & Co

11. RELATED PARTY DISCLOSURES

Shell UK Limited, previously one of the members of the company, owned the freehold of the premises occupied by the business known as Canal Bridge Enterprise Centre until September 1998, when the freehold of the premises was purchased by Entep Properties Limited. Essar Oil (UK) Limited purchased the Stanlow Refinery from Shell UK Limited in 2011 and as part of its ongoing corporate social responsibility assumed many of the associated local community interests including membership of Entep Properties Limited.

Ground rent is payable to Cheshire West & Chester Council (previously Ellesmere Port & Neston Borough Council), in respect of land and buildings at Rother Drive, under the terms of a 25 year lease fully expired at the balance sheet date. Rental payments were established on an arms length basis and increased to £20,557 per annum with effect from 20 December 2016. The rental is reviewed on a 5 yearly basis with the next review due imminently.

Other operating charges include general rates payable to Cheshire West & Chester Council of £21,479 (2023 - £15,739). No amounts were unpaid at 30 September 2024 (2023 - nil).

12. ULTIMATE CONTROLLING PARTIES

The ultimate controlling parties are Essar Oil (UK) Limited and Cheshire West & Chester Council.