Caseware UK (AP4) 2024.0.164 2024.0.164 false42024-01-01No description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07830878 2024-01-01 2024-12-31 07830878 2023-01-01 2023-12-31 07830878 2024-12-31 07830878 2023-12-31 07830878 c:Director1 2024-01-01 2024-12-31 07830878 d:Buildings 2024-01-01 2024-12-31 07830878 d:Buildings 2024-12-31 07830878 d:Buildings 2023-12-31 07830878 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07830878 d:CurrentFinancialInstruments 2024-12-31 07830878 d:CurrentFinancialInstruments 2023-12-31 07830878 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07830878 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07830878 d:ShareCapital 2024-12-31 07830878 d:ShareCapital 2023-12-31 07830878 d:RetainedEarningsAccumulatedLosses 2024-12-31 07830878 d:RetainedEarningsAccumulatedLosses 2023-12-31 07830878 c:FRS102 2024-01-01 2024-12-31 07830878 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07830878 c:FullAccounts 2024-01-01 2024-12-31 07830878 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07830878 5 2024-01-01 2024-12-31 07830878 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 07830878









Ensco 898 Limited







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2024

 
Ensco 898 Limited
Registered number: 07830878

Balance Sheet
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,741,700
1,766,000

Current assets
  

Debtors: amounts falling due within one year
 5 
52,836
47,502

Cash at bank and in hand
 6 
94,158
80,379

Creditors: amounts falling due within one year
 7 
(77,763)
(87,627)

Net current assets
  
 
 
69,231
 
 
40,254

Total assets less current liabilities
  
1,810,931
1,806,254

  

Net assets
  
1,810,931
1,806,254


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,810,930
1,806,253

  
1,810,931
1,806,254


The directors consider 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 directors acknowledge their 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 statement of comprehensive income 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: 


G R Norfolk
Director

Date: 27 June 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
Ensco 898 Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2024

1.


General information

Ensco 898 Limited is a private company limited by members capital and incorporated in England and Wales, registered number 07830878. The address of the registered office and principal place of business is Fawside Farm, Longnor, Buxton, Derbyshire, SK17 0RA. 
The Company operates a property rental business. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

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.

 
2.4

Taxation

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.

 
2.5

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.

Page 2

 
Ensco 898 Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Freehold property
-
2%
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.

Land is not depreciated.

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 3

 
Ensco 898 Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial assets
Basic financial assets, including trade and other receivables, cash and cash equivalents, are initially measured at transaction price (including transaction costs) and are subsequently measured at amortised cost using the effective interest method. 
Financial assets are assessed for impairment at each reporting date. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted
Financial liabilities
Basic financial liabilities, including trade and other payables, loans and borrowings, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial instruments
Financial assets are derecognised when the contractual rights to the cash flows from the assets expire or are settled.
Financial liabilities are derecognised when the contractual obligations are discharged, cancelled, or expire.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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

Page 4

 
Ensco 898 Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2024

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 January 2024
2,050,000



At 31 December 2024

2,050,000



Depreciation


At 1 January 2024
284,000


Charge for the year on owned assets
24,300



At 31 December 2024

308,300



Net book value



At 31 December 2024
1,741,700



At 31 December 2023
1,766,000

The historical cost of the freehold property is £1,500,000.


5.


Debtors

2024
2023
£
£


Trade debtors
50,836
47,502

Other debtors
2,000
-

52,836
47,502



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
94,158
80,379


Page 5

 
Ensco 898 Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
42,763
40,127

Accruals and deferred income
35,000
47,500

77,763
87,627



8.


Controlling party

Ensco 1478 Limited is the immediate and ultimate parent undertaking, a company incorporated in England and Wales, company number 14545836. 
The registered office of Ensco 1478 Limited is Fawside Farm, Longnor, Buxton, England, SK17 0RA.
There is no overall controlling party of Ensco 1478 Limited.

Page 6