Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-304falsefalse2023-10-01No description of principal activity4trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06203921 2023-10-01 2024-09-30 06203921 2022-10-01 2023-09-30 06203921 2024-09-30 06203921 2023-09-30 06203921 2022-10-01 06203921 c:Director1 2023-10-01 2024-09-30 06203921 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 06203921 d:MotorVehicles 2023-10-01 2024-09-30 06203921 d:MotorVehicles 2024-09-30 06203921 d:MotorVehicles 2023-09-30 06203921 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06203921 d:OfficeEquipment 2023-10-01 2024-09-30 06203921 d:OfficeEquipment 2024-09-30 06203921 d:OfficeEquipment 2023-09-30 06203921 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06203921 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 06203921 d:OtherPropertyPlantEquipment 2024-09-30 06203921 d:OtherPropertyPlantEquipment 2023-09-30 06203921 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06203921 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06203921 d:CurrentFinancialInstruments 2024-09-30 06203921 d:CurrentFinancialInstruments 2023-09-30 06203921 d:Non-currentFinancialInstruments 2024-09-30 06203921 d:Non-currentFinancialInstruments 2023-09-30 06203921 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 06203921 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06203921 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 06203921 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 06203921 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 06203921 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 06203921 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 06203921 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 06203921 d:ShareCapital 2024-09-30 06203921 d:ShareCapital 2023-09-30 06203921 d:RetainedEarningsAccumulatedLosses 2024-09-30 06203921 d:RetainedEarningsAccumulatedLosses 2023-09-30 06203921 c:OrdinaryShareClass1 2023-10-01 2024-09-30 06203921 c:OrdinaryShareClass1 2024-09-30 06203921 c:OrdinaryShareClass1 2023-09-30 06203921 c:FRS102 2023-10-01 2024-09-30 06203921 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06203921 c:FullAccounts 2023-10-01 2024-09-30 06203921 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06203921 2 2023-10-01 2024-09-30 06203921 6 2023-10-01 2024-09-30 06203921 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06203921









ENDURANCE ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ENDURANCE ESTATES LIMITED
REGISTERED NUMBER: 06203921

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
55,659
68,619

Investments
 5 
14
13

  
55,673
68,632

CURRENT ASSETS
  

Stocks
  
353,528
346,501

Debtors: amounts falling due within one year
 6 
2,523,315
1,914,289

Cash at bank and in hand
  
202,681
159,344

  
3,079,524
2,420,134

Creditors: amounts falling due within one year
 7 
(2,226,800)
(1,784,244)

NET CURRENT ASSETS
  
 
 
852,724
 
 
635,890

TOTAL ASSETS LESS CURRENT LIABILITIES
  
908,397
704,522

Creditors: amounts falling due after more than one year
 8 
(499,324)
(256,977)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 10 
(2,868)
(11,217)

NET ASSETS
  
406,205
436,328


CAPITAL AND RESERVES
  

Called up share capital 
 11 
100
100

Profit and loss account
  
406,105
436,228

  
406,205
436,328


Page 1

 
ENDURANCE ESTATES LIMITED
REGISTERED NUMBER: 06203921
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






T P Holmes
Director

Date: 16 June 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ENDURANCE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


GENERAL INFORMATION

Endurance Estates Limited is a private limited company incorporated in England and Wales. The registered office is Unit 1 Burlington Park, Station Road, Foxton, Cambridge, CB22 6SA.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of services supplied during the year, exclusive of Value Added Tax.

 
2.3

OPERATING LEASES

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
ENDURANCE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.9

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements
-
over the period of the lease
Motor vehicles
-
25%
straight line
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 
ENDURANCE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.11

ASSOCIATES AND JOINT VENTURES

Associates and Joint Ventures are held at cost less impairment.

 
2.12

STOCKS AND WORK IN PROGRESS

Stocks and work in progress comprises costs capitalised and carried forward under ongoing projects and are stated at the lower of cost and net realisable value. Costs include all direct costs and attributable overheads for each project.

 
2.13

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
ENDURANCE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


TANGIBLE FIXED ASSETS





Leasehold improvements
Motor vehicles
Office equipment
Total

£
£
£
£



COST


At 1 October 2023
109,891
27,014
37,738
174,643


Disposals
-
-
(728)
(728)



At 30 September 2024

109,891
27,014
37,010
173,915



DEPRECIATION


At 1 October 2023
43,956
27,014
35,054
106,024


Charge for the year on owned assets
10,989
-
1,971
12,960


Disposals
-
-
(728)
(728)



At 30 September 2024

54,945
27,014
36,297
118,256



NET BOOK VALUE



At 30 September 2024
54,946
-
713
55,659



At 30 September 2023
65,935
-
2,684
68,619


5.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies
Investments in associates
Total

£
£
£



COST


At 1 October 2023
3
10
13


Additions
1
-
1



At 30 September 2024
4
10
14




Page 6

 
ENDURANCE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


DEBTORS

2024
2023
£
£

Trade debtors
17,862
63,794

Amounts owed by group undertakings
561,888
994,773

Amounts owed by joint ventures and associated undertakings
500,000
-

Other debtors
1,432,210
839,889

Prepayments and accrued income
11,355
15,833

2,523,315
1,914,289



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
10,000
10,000

Other loans
195,331
112,913

Trade creditors
5,832
11,561

Corporation tax
-
17,972

Other taxation and social security
9,586
67,577

Other creditors
1,999,589
1,469,760

Accruals and deferred income
6,462
94,461

2,226,800
1,784,244


Bank loans comprise a Government backed 'bounce back' loan. This loan is 100% guaranteed by the Government and there were no fees or interest payable in the first 12 months. After this 12 month period, interest was charged at 2.5% per annum.
Within other loans is an unsecured five year SSAS loan of £117,769 (2023 - £112,913) that bears interest at a rate of 4.25% per annum. The first repayment was made in February 2022 and the loan is repayable in full by February 2025.
Also within other loans is an additional unsecured five year SSAS loan of £77,562 that bears interest at a rate of 7.25% per annum. The first repayment will be made in June 2025 and the loan is repayable in full by June 2029.

Page 7

 
ENDURANCE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
6,667
16,667

Other loans
492,657
240,310

499,324
256,977


Bank loans comprise a Government backed 'bounce back' loan. This loan is 100% guaranteed by the Government and there were no fees or interest payable in the first 12 months. After this 12 month period, interest will be charged at 2.5% per annum.
Within other loans is an unsecured five year SSAS loan of £122,541 (2023 - £240,310) that bears interest at a rate of 4.25% per annum. The first repayment was made in February 2022 and the loan is repayable in full by February 2025.
Also within other loans is an additional unsecured five year SSAS loan of £370,116 that bears interest at a rate of 7.25% per annum. The first repayment will be made in June 2025 and the loan is repayable in full by June 2029.

Page 8

 
ENDURANCE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


LOANS


Analysis of the maturity of loans is given below:


2024
2023
£
£

AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans
10,000
10,000

Other loans
195,331
112,913


205,331
122,913

AMOUNTS FALLING DUE 1-2 YEARS

Bank loans
6,667
10,000

Other loans
205,662
117,769


212,329
127,769

AMOUNTS FALLING DUE 2-5 YEARS

Bank loans
-
6,667

Other loans
286,995
122,541


286,995
129,208


704,655
379,890



10.


DEFERRED TAXATION




2024
2023


£

£






At beginning of year
(11,217)
(10,682)


Credited/(charged) to profit or loss
8,349
(535)



AT END OF YEAR
(2,868)
(11,217)

Page 9

 
ENDURANCE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
10.DEFERRED TAXATION (CONTINUED)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed asset timing differences
8,055
11,217

Losses and other deductions
(5,187)
-

2,868
11,217


11.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



12.FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies that are not included in the balance sheet amount to £96,000 (2023 - £16,088).

 
Page 10