Company registration number 03288522 (England and Wales)
ENDICOTT INVESTMENTS LTD
Unaudited financial statements
For the year ended 30 June 2024
Pages for filing with registrar
ENDICOTT INVESTMENTS LTD
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 5
ENDICOTT INVESTMENTS LTD
DIRECTORS' REPORT
For the year ended 30 June 2024
- 1 -

The directors present their annual report and financial statements for the year ended 30 June 2024.

Principal activities

The principal activity of the company continued to be that of property trading and development and trading in actively managed stocks and securities.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr Roger Hamilton-Brown
Mr R Hamilton-Brown
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr Roger Hamilton-Brown
Director
4 June 2025
ENDICOTT INVESTMENTS LTD
BALANCE SHEET
As at 30 June 2024
- 2 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
2,267,093
2,251,993
Debtors
4
1,156,413
662,500
Cash at bank and in hand
2,369,925
2,641,176
5,793,431
5,555,669
Creditors: amounts falling due within one year
5
(1,122,103)
(1,272,431)
Net current assets
4,671,328
4,283,238
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
4,670,328
4,282,238
Total equity
4,671,328
4,283,238

For the financial year ended 30 June 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 June 2025 and are signed on its behalf by:
Mr Roger Hamilton-Brown
Director
Company registration number 03288522 (England and Wales)
ENDICOTT INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 June 2024
- 3 -
1
Accounting policies
Company information

Endicott Investments Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Connect House, 133-137 Alexandra Road, London, SW19 7JY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided and property or securities sold in the normal course of business.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
Over 4 years
1.4
Stocks

Stocks of property and listed and unlisted securities are stated at cost.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

ENDICOTT INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 30 June 2024
1
Accounting policies
(Continued)
- 4 -
1.8
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

 

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
ENDICOTT INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 30 June 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,156,413
662,500
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
713,216
853,176
Corporation tax
287,132
162,500
Other creditors
121,755
256,755
1,122,103
1,272,431
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