Silverfin false false 30/09/2024 01/10/2023 30/09/2024 B Gould 12/03/2001 V Gould 28/03/2025 12/03/2001 14 May 2025 Investment property 04177443 2024-09-30 04177443 bus:Director1 2024-09-30 04177443 bus:Director2 2024-09-30 04177443 2023-09-30 04177443 core:CurrentFinancialInstruments 2024-09-30 04177443 core:CurrentFinancialInstruments 2023-09-30 04177443 core:ShareCapital 2024-09-30 04177443 core:ShareCapital 2023-09-30 04177443 core:RetainedEarningsAccumulatedLosses 2024-09-30 04177443 core:RetainedEarningsAccumulatedLosses 2023-09-30 04177443 core:OtherPropertyPlantEquipment 2023-09-30 04177443 core:OtherPropertyPlantEquipment 2024-09-30 04177443 2023-10-01 2024-09-30 04177443 bus:FilletedAccounts 2023-10-01 2024-09-30 04177443 bus:SmallEntities 2023-10-01 2024-09-30 04177443 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04177443 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04177443 bus:Director1 2023-10-01 2024-09-30 04177443 bus:Director2 2023-10-01 2024-09-30 04177443 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 04177443 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Company No: 04177443 (England and Wales)

ESPRIT PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

ESPRIT PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

ESPRIT PROPERTIES LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
ESPRIT PROPERTIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTOR B Gould
V Gould (Resigned 28 March 2025)
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 04177443 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
ESPRIT PROPERTIES LIMITED

BALANCE SHEET

As at 30 September 2024
ESPRIT PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 842 1,123
842 1,123
Current assets
Stocks 1,261,468 1,261,468
Debtors 4 2,969 3,434
Cash at bank and in hand 3,933 6,134
1,268,370 1,271,036
Creditors: amounts falling due within one year 5 ( 731,178) ( 785,294)
Net current assets 537,192 485,742
Total assets less current liabilities 538,034 486,865
Provision for liabilities ( 211) ( 281)
Net assets 537,823 486,584
Capital and reserves
Called-up share capital 120 120
Profit and loss account 537,703 486,464
Total shareholders' funds 537,823 486,584

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Esprit Properties Limited (registered number: 04177443) were approved and authorised for issue by the Director on 14 May 2025. They were signed on its behalf by:

B Gould
Director
ESPRIT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
ESPRIT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Esprit Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Prior year adjustment

When preparing the accounts for the year ended 30 September 2024, an error was noted in relation to the prior year, as such the comparatives have been restated. Turnover was overstated by £104,461 and other income understated by the same amount. The adjustment has not resulted in any change to the previously stated net profit or any balance sheet figures,

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stock consists of properties due to be sold in the foreseeable future and stated at the lower of cost and net
realisable value.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 October 2023 36,833 36,833
At 30 September 2024 36,833 36,833
Accumulated depreciation
At 01 October 2023 35,710 35,710
Charge for the financial year 281 281
At 30 September 2024 35,991 35,991
Net book value
At 30 September 2024 842 842
At 30 September 2023 1,123 1,123

4. Debtors

2024 2023
£ £
Other debtors 2,969 3,434

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 13,576 14,228
Other creditors 717,602 771,066
731,178 785,294