| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 September 2024 |
| for |
| Entep Properties Limited |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Statutory Auditors |
| 104 Whitby Road |
| Ellesmere Port |
| Cheshire |
| CH65 0AB |
| BANKERS: |
| 8 Foregate Street |
| Chester |
| Cheshire |
| CH1 1XP |
| BANKERS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 | ( |
) | ( |
) |
| ACCRUALS AND DEFERRED INCOME | 8 | ( |
) | ( |
) |
| NET ASSETS |
| RESERVES |
| Income and expenditure account | 9 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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. | TANGIBLE FIXED ASSETS |
| Freehold |
| Leasehold | land and | Plant and |
| property | buildings | machinery |
| £ | £ | £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 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 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 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 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Tax |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 7. | PROVISIONS FOR LIABILITIES |
| 2024 | 2023 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances | 1,810 | 2,869 |
| Deferred tax |
| £ |
| Balance at 1 October 2023 |
| Utilised during year | ( |
) |
| Balance at 30 September 2024 |
| 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 |
| Surplus for the year |
| At 30 September 2024 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 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. |