Registered number
07765781
Explore Utilities Limited
Filleted Accounts
30 September 2024
Explore Utilities Limited
Registered number: 07765781
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 819,920 820,144
Current assets
Cash at bank and in hand 1,064,195 543,048
Creditors: amounts falling due within one year 4 (308,204) (140,364)
Net current assets 755,991 402,684
Net assets 1,575,911 1,222,828
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,575,811 1,222,728
Shareholders' funds 1,575,911 1,222,828
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mohammed Bakhtiyar
Director
Approved by the board on 26 June 2025
Explore Utilities Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise; and no depreciation is provided in respect of investment properties applying the fair value model.

Investment property fair value is determined by the director based on his understanding of property market conditions and derived from current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific assets.

Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Investment property Fixture and fittings etc Total
£ £ £
Cost
At 1 October 2023 813,772 16,283 830,055
Additions - 1,313 1,313
At 30 September 2024 813,772 17,596 831,368
Depreciation
At 1 October 2023 - 9,911 9,911
Charge for the year - 1,537 1,537
At 30 September 2024 - 11,448 11,448
Net book value
At 30 September 2024 813,772 6,148 819,920
At 30 September 2023 813,772 6,372 820,144
The company's investment property was valued by the director based on his understanding of property market conditions and derived from current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific assets.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 93,577 -
Taxation and social security costs 192,496 118,468
Other creditors 22,131 21,896
308,204 140,364
5 Related party transactions
Included within other creditors is director's loan of £22,132 (2023 - £21,897)
6 Controlling party
Mohammed Bakhtiyar is the ultimate controlling party.
7 Other information
Explore Utilities Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/O Deancoopers
Suite 4, Cranbrook House
61 Cranbrook Road
Ilford, Essex
IG1 4PG
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