ENTERPRISE HOUSE (HEMEL) LIMITED


Directors	FURNELL, David James
	KIDD, Ian James
	THOLE, Zachary James


Registered Address	Enterprise House
	Maxted Road
	Hemel Hempstead
	HP2 7BT


Registered Number	10053268 (England and Wales)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
ASSETS
Fixed assets
Tangible assets	3		2,503,107		2,007,250
			2,503,107		2,007,250
Current assets
Debtors		1,541		1,541
Cash at bank and in hand		440		664
		1,981		2,205
			1,981		2,205
			2,505,088		2,009,455
CAPITAL, RESERVES AND LIABILITIES
Capital and reserves
Called up share capital			300		300
Revaluation reserve			375,000		-
Profit and loss account			593,070		542,065
			968,370		542,365
Liabilities
Creditors amounts falling due within one year	4		126,041		116,381
Creditors amounts falling due after one year	5		1,285,677		1,350,709
Provisions for liabilities			(125,000)		-
			2,505,088		2,009,455

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 19 September 2025, and are signed on its behalf by:

KIDD, Ian James
Director
Registered Company No. 10053268

ENTERPRISE HOUSE (HEMEL) LIMITED

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	Enterprise House (Hemel) Ltd is a private company limited by shares, incorporated and registered in England and Wales under the Companies Act 2006.

	Basis of preparation
	The financial statements have been prepared in accordance with FRS 102 Section 1A and the Companies Act 2006 under the historical cost convention.

	Deferred tax
	Deferred tax is provided on the revaluation of the company’s commercial property. It is calculated at the tax rates expected to apply when the property is sold. Deferred tax is not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets include property held for operational purposes. Properties are carried at revalued amounts, based on directors’ assessment of fair value. Revaluation gains are recognised in other comprehensive income and accumulated in the revaluation reserve, except where they reverse a previous loss recognised in profit or loss. No depreciation is charged on freehold property. Revaluation losses are recognised in profit or loss if they exceed any balance on the revaluation reserve.

Tangible fixed assets and depreciation

Tangible fixed assets include property held for operational purposes. Properties are carried at revalued amounts, based on directors’ assessment of fair value. Revaluation gains are recognised in other comprehensive income and accumulated in the revaluation reserve, except where they reverse a previous loss recognised in profit or loss. No depreciation is charged on freehold property. Revaluation losses are recognised in profit or loss if they exceed any balance on the revaluation reserve.

	Financial instruments
	Bank borrowings and overdrafts. This represents the bank mortgage taken out to acquire the property owned by the company. They are initially recorded at the amount of cash received, net of any transaction costs, and are subsequently measured at amortised cost. Interest is charged to the profit and loss account in the period in which it is incurred. The notes to the financial statements show the amounts repayable within one year as current liabilities and the amounts repayable after more than one year as non-current liabilities. Amounts owed to related parties Intercompany loans are presented in the balance sheet as “Amounts owed to related parties”. These loans are measured at amortised cost. Where loans are interest-free and repayable on demand, they are measured at the amount expected to be repaid.

Financial instruments

Bank borrowings and overdrafts. 
This represents the bank mortgage taken out to acquire the property owned by the company. They are initially recorded at the amount of cash received, net of any transaction costs, and are subsequently measured at amortised cost. Interest is charged to the profit and loss account in the period in which it is incurred.

The notes to the financial statements show the amounts repayable within one year as current liabilities and the amounts repayable after more than one year as non-current liabilities.

Amounts owed to related parties
Intercompany loans are presented in the balance sheet as “Amounts owed to related parties”. These loans are measured at amortised cost. Where loans are interest-free and repayable on demand, they are measured at the amount expected to be repaid.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 May 24	2,029,000
	Revaluations	500,000
	At 30 April 25	2,529,000
	Depreciation and impairment
	At 01 May 24	21,750
	Charge for year	4,143
	At 30 April 25	25,893
	Net book value
	At 30 April 25	2,503,107
	At 30 April 24	2,007,250

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	37,681	28,609
Bank borrowings and overdrafts	66,782	65,450
Taxation and social security	18,404	18,516
Accrued liabilities and deferred income	3,174	3,806
Total	126,041	116,381

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	906,364	973,146
Amounts owed to related parties	367,750	366,000
Other creditors	11,563	11,563
Total	1,285,677	1,350,709

6.	Related party transactions
	The company has related parties by virtue of common ownership and directorships: - D Furnell Plant Services Ltd (DFPS) – related company under common ownership and directorship. Transactions during the year Interest of £15,263 (2024: £17,723) was paid DFPS in respect of the loan (see below). Rent income of £110,000 (2024: £110,000) received from DFPS for the lease of commercial property. Balances outstanding at year end Loan payable to DFPS of £367,500 (2024: £366,000), unsecured, and repayable on demand.

Related party transactions

The company has related parties by virtue of common ownership and directorships:
 - D Furnell Plant Services Ltd (DFPS) – related company under common ownership and directorship.

Transactions during the year

Interest of £15,263 (2024: £17,723) was paid DFPS in respect of the loan (see below). 

Rent income of £110,000 (2024: £110,000) received from DFPS for the lease of commercial property.

Balances outstanding at year end

Loan payable to DFPS of £367,500 (2024: £366,000), unsecured, and repayable on demand.