Company registration number SC438327 (Scotland)
ENERCO GROUP LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ENERCO GROUP LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
ENERCO GROUP LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
16,216
30,516
Investment property
4
4,521,528
4,646,413
Investments
5
4,500
4,500
4,542,244
4,681,429
Current assets
Debtors
6
26,059
23,804
Cash at bank and in hand
65,528
64,742
91,587
88,546
Creditors: amounts falling due within one year
7
(128,983)
(140,355)
Net current liabilities
(37,396)
(51,809)
Total assets less current liabilities
4,504,848
4,629,620
Creditors: amounts falling due after more than one year
8
(2,987,870)
(3,119,870)
Provisions for liabilities
(79,669)
(82,773)
Net assets
1,437,309
1,426,977
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,437,209
1,426,877
Total equity
1,437,309
1,426,977
ENERCO GROUP LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 September 2025 and are signed on its behalf by:
J R F BENNETT
J R F Bennett
Director
Company registration number SC438327 (Scotland)
ENERCO GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Enerco Group Ltd is a private company limited by shares incorporated in Scotland. The registered office is 18 Albert Street, Aberdeen, AB25 1XQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue for the provision of management services is recognised by reference to the date on which services were rendered.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
3 years straight line
Motor vehicles
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

ENERCO GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Investment property is carried at fair value determined annually by the directors and derived from the 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 asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

1.8
Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and 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.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ENERCO GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Retirement benefits

The company operates a defined contribution plan for it's 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 the Statement of comprehensive income 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.

1.11
Leases
As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
ENERCO GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
3
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 January 2024
72,356
28,950
101,306
Additions
11,428
-
0
11,428
Disposals
(52,755)
(28,950)
(81,705)
At 31 December 2024
31,029
-
0
31,029
Depreciation and impairment
At 1 January 2024
48,847
21,943
70,790
Depreciation charged in the year
13,786
964
14,750
Eliminated in respect of disposals
(47,820)
(22,907)
(70,727)
At 31 December 2024
14,813
-
0
14,813
Carrying amount
At 31 December 2024
16,216
-
0
16,216
At 31 December 2023
23,509
7,007
30,516
4
Investment property
2024
£
Fair value
At 1 January 2024
4,646,413
Revaluations
(124,885)
At 31 December 2024
4,521,528

The director ha s considered the value of the investment properties and in their opinion, the properties are disclosed in the Balance Sheet at their open market values.

5
Fixed asset investments
2024
2023
£
£
Other investments other than loans
4,500
4,500
ENERCO GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
5
Fixed asset investments
(Continued)
- 7 -
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 January 2024 & 31 December 2024
4,500
Carrying amount
At 31 December 2024
4,500
At 31 December 2023
4,500
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
720
1,440
Other debtors
25,339
22,364
26,059
23,804
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
6,175
6,255
Corporation tax
48,052
37,221
Other taxation and social security
11,647
15,516
Other creditors
63,109
81,363
128,983
140,355
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
2,987,870
3,119,870
9
Related party transactions

During the year, the company made repayments against a loan from a director of £132,000 which resulted in amounts due by the company to a director at the year-end of £2,987,870 (20 2 3 - £3,119,870).

There are no set repayment terms, nor is interest charged on the above loans.

2024-12-31 2024-01-01 false false false 04 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity J R F Bennett A Fletcher K Bennett SC438327 2024-01-01 2024-12-31 SC438327 2024-12-31 SC438327 2023-12-31 SC438327 core:ComputerEquipment 2024-12-31 SC438327 core:MotorVehicles 2024-12-31 SC438327 core:ComputerEquipment 2023-12-31 SC438327 core:MotorVehicles 2023-12-31 SC438327 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 SC438327 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 SC438327 core:WithinOneYear 2024-12-31 SC438327 core:WithinOneYear 2023-12-31 SC438327 core:CurrentFinancialInstruments 2024-12-31 SC438327 core:CurrentFinancialInstruments 2023-12-31 SC438327 core:ShareCapital 2024-12-31 SC438327 core:ShareCapital 2023-12-31 SC438327 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC438327 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC438327 bus:Director1 2024-01-01 2024-12-31 SC438327 core:ComputerEquipment 2024-01-01 2024-12-31 SC438327 core:MotorVehicles 2024-01-01 2024-12-31 SC438327 2023-01-01 2023-12-31 SC438327 core:ComputerEquipment 2023-12-31 SC438327 core:MotorVehicles 2023-12-31 SC438327 2023-12-31 SC438327 core:Non-currentFinancialInstruments 2024-12-31 SC438327 core:Non-currentFinancialInstruments 2023-12-31 SC438327 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC438327 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC438327 bus:FRS102 2024-01-01 2024-12-31 SC438327 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC438327 bus:Director2 2024-01-01 2024-12-31 SC438327 bus:Director3 2024-01-01 2024-12-31 SC438327 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP