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COMPANY REGISTRATION NUMBER: 01680900
ENSTONES PROPERTIES LIMITED
Filleted Unaudited Financial Statements
31 December 2024
ENSTONES PROPERTIES LIMITED
Financial Statements
Year ended 31st December 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
ENSTONES PROPERTIES LIMITED
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
4
90,418
89,571
Tangible assets
5
264,194
260,822
---------
---------
354,612
350,393
Current assets
Debtors
6
671
275
Cash at bank and in hand
545,760
530,176
---------
---------
546,431
530,451
Creditors: amounts falling due within one year
7
6,534
4,272
---------
---------
Net current assets
539,897
526,179
---------
---------
Total assets less current liabilities
894,509
876,572
Provisions
Taxation including deferred tax
1,939
1,132
---------
---------
Net assets
892,570
875,440
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
892,470
875,340
---------
---------
Shareholders funds
892,570
875,440
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st December 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ENSTONES PROPERTIES LIMITED
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 15 July 2025 , and are signed on behalf of the board by:
Mr.T.S. Enstone
Director
Company registration number: 01680900
ENSTONES PROPERTIES LIMITED
Notes to the Financial Statements
Year ended 31st December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260-268 Chapel Street, Salford, Manchester, M3 5JZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
Taxation expense for the year comprises current and deferred tax recognised in the period. 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. In this case, tax is also recognised in other comprehensive income or directly in equity respectively. Current or deferred tax assets and liabilities are not discounted. Current tax is the amount of income tax payable in respect of the taxable profit for the period or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.
Intangible assets
Investments are shown at their value on the balance sheet date. Any movements in the market value during the year are recorded through the profit or loss account.
Tangible assets
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Equipment
-
15% reducing balance
Impairment of fixed assets
A review for 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 reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Intangible assets
Investments
£
Cost
At 1st January 2024
89,571
Additions
Revaluations
847
--------
At 31st December 2024
90,418
--------
Amortisation
At 1st January 2024 and 31st December 2024
--------
Carrying amount
At 31st December 2024
90,418
--------
At 31st December 2023
89,571
--------
Intangible assets held at valuation
The Investments relate to shares in listed companies. The date of revaluation was 31st December, 2024. The basis of the revaluation was publicly available information on the share price using the mid-price calculated from the highest and lowest prices on the day.
5. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 1st January 2024
260,000
4,208
12,863
277,071
Additions
3,500
638
4,138
---------
-------
-------
--------
---------
At 31st December 2024
260,000
3,500
4,208
13,501
281,209
---------
-------
-------
--------
---------
Depreciation
At 1st January 2024
4,080
12,169
16,249
Charge for the year
547
19
200
766
---------
-------
-------
--------
---------
At 31st December 2024
547
4,099
12,369
17,015
---------
-------
-------
--------
---------
Carrying amount
At 31st December 2024
260,000
2,953
109
1,132
264,194
---------
-------
-------
--------
---------
At 31st December 2023
260,000
128
694
260,822
---------
-------
-------
--------
---------
Tangible assets held at valuation
Land and buildings relate to investment properties which were revalued by the directors on 31 December 2024 .
6. Debtors
2024
2023
£
£
Other debtors
671
275
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
2,768
1,289
Other creditors
3,766
2,983
-------
-------
6,534
4,272
-------
-------
8. Director's advances, credits and guarantees
Included within other creditors above is an amount of £2,592 (2024: £1,350) owed to the director. No interest has been charged and the amount is repayable on demand.
9. Related party transactions
The company was under the control of Mr T.S.Enstone throughout the current and previous year. Mr T.S.Enstone is the managing director and majority shareholder. During the year a dividend was paid to the director of £0 (2023: £0