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REGISTERED NUMBER: 03686173 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ENNERDALE PROPERTIES LIMITED

ENNERDALE PROPERTIES LIMITED (REGISTERED NUMBER: 03686173)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ENNERDALE PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: P S Mangat
P S Mangat
M S Mangat
Mrs S K Mangat





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 03686173 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

ENNERDALE PROPERTIES LIMITED (REGISTERED NUMBER: 03686173)

STATEMENT OF FINANCIAL POSITION
30 June 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 7,582 6,913
Investment property 5 5,500,000 5,500,000
5,507,582 5,506,913

CURRENT ASSETS
Debtors 6 64,642 105,360
Cash at bank 21,404 29,745
86,046 135,105
CREDITORS
Amounts falling due within one year 7 301,959 284,340
NET CURRENT LIABILITIES (215,913 ) (149,235 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,291,669

5,357,678

CREDITORS
Amounts falling due after more than one
year

8

(2,556,000

)

(2,565,728

)

PROVISIONS FOR LIABILITIES (152,586 ) (152,954 )
NET ASSETS 2,583,083 2,638,996

CAPITAL AND RESERVES
Issued share capital 110 108
Undistributable reserve 10 2,021,746 2,021,746
Retained earnings 10 561,227 617,142
2,583,083 2,638,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ENNERDALE PROPERTIES LIMITED (REGISTERED NUMBER: 03686173)

STATEMENT OF FINANCIAL POSITION - continued
30 June 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:





P S Mangat - Director


ENNERDALE PROPERTIES LIMITED (REGISTERED NUMBER: 03686173)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Ennerdale Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on going concern basis. The Statement of Financial Position shows net current liabilities. The director is of the opinion that the shareholders will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% Reducing balance
Fixtures and fittings - 25% Reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

This is a departure from the Companies Act which requires assets to be depreciated. However, in the opinion of the directors, property is held primarily for their investment potential and so fair value is of more significance as a measure of consumption. They therefore have applied a true and fair override with respect to investment properties.

The directors have made key assumptions in the determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.


ENNERDALE PROPERTIES LIMITED (REGISTERED NUMBER: 03686173)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Impairment of assets
A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversals at each reporting date.

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 material 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 or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

ENNERDALE PROPERTIES LIMITED (REGISTERED NUMBER: 03686173)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 129,347
Additions 3,579
At 30 June 2024 132,926
DEPRECIATION
At 1 July 2023 122,434
Charge for year 2,910
At 30 June 2024 125,344
NET BOOK VALUE
At 30 June 2024 7,582
At 30 June 2023 6,913

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 5,500,000
NET BOOK VALUE
At 30 June 2024 5,500,000
At 30 June 2023 5,500,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2016 1,672,972
Valuation in 2019 500,000
Cost 3,327,028
5,500,000

The directors believe there are no material difference between the fair value of the properties and the value in the financial statements.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 64,642 105,360

ENNERDALE PROPERTIES LIMITED (REGISTERED NUMBER: 03686173)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 34,527 30,303
Taxation and social security 46,401 36,851
Other creditors 221,031 217,186
301,959 284,340

Included within other creditors are accruals of £39,976 (2023: £38,726)

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 2,538,210 2,537,820
Other creditors 17,790 27,908
2,556,000 2,565,728

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,538,210 2,537,820

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 2,538,210 2,537,820

Bank loans are secured by way of fixed and floating charges over all undertakings and all property and assets of the company.

10. RESERVES
Retained Undistributable
earnings reserve Totals
£    £    £   

At 1 July 2023 617,142 2,021,746 2,638,888
Profit for the year 73,485 73,485
Dividends (129,400 ) (129,400 )
At 30 June 2024 561,227 2,021,746 2,582,973

ENNERDALE PROPERTIES LIMITED (REGISTERED NUMBER: 03686173)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mrs S K Mangat
Balance outstanding at start of year 88,110 -
Amounts advanced 78,102 1,425,412
Amounts repaid (118,820 ) (1,337,302 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47,392 88,110

Included within amount advanced is an interest of £1,043 (2023: £1,780) charged at HMRC prescribed rate. All overdrawn loan balances are repayable on demand and personally guaranteed by the director.