| Registered number: 03739462 | ||||||||
| FOR THE YEAR ENDED 31 MARCH 2025 | ||||||||
| Prepared By: | ||||||||
| McMillan Rose & Co Ltd | ||||||||
| Chartered Certified Accountants | ||||||||
| Haltgate House | ||||||||
| 52A Hullbridge Road | ||||||||
| South Woodham Ferrers | ||||||||
| Essex | ||||||||
| CM3 5NH | ||||||||
| ESPRIT MANAGEMENT COMPANY LIMTED | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 31 MARCH 2025 | ||||||||
| DIRECTORS | ||||||||
| SECRETARY | ||||||||
| REGISTERED OFFICE | ||||||||
| Essex | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 03739462 | ||||||||
| ACCOUNTANTS | ||||||||
| McMillan Rose & Co Ltd | ||||||||
| Chartered Certified Accountants | ||||||||
| Haltgate House | ||||||||
| 52A Hullbridge Road | ||||||||
| South Woodham Ferrers | ||||||||
| Essex | ||||||||
| CM3 5NH | ||||||||
| ESPRIT MANAGEMENT COMPANY LIMTED | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED31 MARCH 2025 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| ESPRIT MANAGEMENT COMPANY LIMTED | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2025 | 2024 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 3 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors | 5 | |||||||||
| Cash at bank and in hand | ||||||||||
| 15,232 | 9,187 | |||||||||
| CREDITORS: Amounts falling due within one year | 6 | |||||||||
| NET CURRENT LIABILITIES | ( | (18,297) | ||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CREDITORS: Amounts falling due after more than one year | 7 | 611,050 | 650,995 | |||||||
| PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 9 | |||||||||
| Revaluation reserve | 1d,10 | 297,224 | 881,991 | |||||||
| Profit and loss account | 1,089,026 | 1,033,575 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| ESPRIT MANAGEMENT COMPANY LIMTED | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31 MARCH 2025 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting FRS 1021 a | ||||||||
| The accounts have been prepared under the historical cost convention as modified by the revaluation of investment properties. | ||||||||
| The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. | ||||||||
| 1b. Depreciation | ||||||||
| Plant and Machinery | 25% | |||||||
| 1c. Investment Properties | ||||||||
| Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. | ||||||||
| 1d. Revaluation Reserve | ||||||||
| Surpluses or deficits arising on the revaluation of investment properties pass through the profit and loss account. This value is then credited or debited to the non-distributable fair value reserve. The surplus or deficit arising on revaluation of investment properties is adjusted for the affect of deferred taxation. | ||||||||
| 2. EMPLOYEES | ||||||
| 2025 | 2024 | |||||
| No. | No. | |||||
| Average number of employees | 1 | |||||
| ESPRIT MANAGEMENT COMPANY LIMTED | ||||||||
| 3. TANGIBLE FIXED ASSETS | ||||||
| Land And | Plant and | |||||
| Buildings | Machinery Etc. | Total | ||||
| £ | £ | £ | ||||
| Cost | ||||||
| At 1 April 2024 | 2,783,017 | 290 | 2,783,307 | |||
| Revaluation | (783,016) | - | (783,016) | |||
| At 31 March 2025 | 2,000,001 | 290 | 2,000,291 | |||
| Depreciation | ||||||
| At 1 April 2024 | - | 198 | 198 | |||
| For the year | - | 23 | 23 | |||
| At 31 March 2025 | - | 221 | 221 | |||
| Net Book Amounts | ||||||
| At 31 March 2025 | 2,000,001 | 69 | 2,000,070 | |||
| At 31 March 2024 | 2,783,017 | 92 | 2,783,109 | |||
| 4. INVESTMENT PROPERTIES | ||||||||
| Investment | ||||||||
| Properties | Total | |||||||
| £ | £ | |||||||
| Fair value | ||||||||
| At 1 April 2024 | 2,783,017 | 2,783,017 | ||||||
| Revaluation | (783,016) | (783,016) | ||||||
| At 31 March 2025 | 2,000,001 | 2,000,001 | ||||||
| The investment properties have been valued by the director. | ||||||||
| 5. DEBTORS | 2025 | 2024 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year: | ||||||||
| Other debtors | 15,221 | 8,771 | ||||||
| 15,221 | 8,771 | |||||||
| ESPRIT MANAGEMENT COMPANY LIMTED | ||||||||
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Taxation and social security | 10,797 | 13,455 | ||||||
| Other creditors | 7,203 | 14,029 | ||||||
| 18,000 | 27,484 | |||||||
| 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Other creditors | 611,050 | 650,995 | ||||||
| 611,050 | 650,995 | |||||||
| Included within creditors due after more than one year are: | ||||||||
| Amounts falling due after more than five years | ||||||||
| - repayable otherwise than by installments | 611,050 | 650,995 | ||||||
| 8. PROVISIONS FOR LIABILITIES | 2025 | 2024 | ||||||
| £ | £ | |||||||
| Deferred taxation | - | 198,249 | ||||||
| - | 198,249 | |||||||
| 9. SHARE CAPITAL | 2025 | 2024 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 2 | 2 | |||||||
| 2 | 2 | |||||||
| ESPRIT MANAGEMENT COMPANY LIMTED | ||||||||
| 10. FAIR VALUE RESERVE | 2025 | 2024 | ||||||
| £ | £ | |||||||
| Opening balance on fair value reserve | 881,991 | (45,148) | ||||||
| Transfer to/(from) fair value reserve | (584,767) | 927,139 | ||||||
| Closing balance on fair value reserve | 297,224 | 881,991 | ||||||
| 11. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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