REGISTERED NUMBER: 04295194 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

ESPRIT INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms P C Wellard

J A Wellard

SECRETARY:

Ms P C Wellard

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

04295194 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

3

1,616

2,412

Investment property

4

230,000

220,000

231,616

222,412

CURRENT ASSETS

Debtors

5

169

146

Cash at bank

90,006

73,099

90,175

73,245

CREDITORS

Amounts falling due within one year

6

6,278

4,747

NET CURRENT ASSETS

83,897

68,498

TOTAL ASSETS LESS CURRENT LIABILITIES

315,513

290,910

PROVISIONS FOR LIABILITIES

9,803

8,460

NET ASSETS

305,710

282,450

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

305,610

282,350

305,710

282,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

J A Wellard - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the following types of income

- Rental income

- Income from the sale of properties

All income is recognised on a receivable basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. 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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2024

and 30 April 2025

7,145

DEPRECIATION

At 1 May 2024

4,733

Charge for year

796

At 30 April 2025

5,529

NET BOOK VALUE

At 30 April 2025

1,616

At 30 April 2024

2,412

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

220,000

Revaluations

10,000

At 30 April 2025

230,000

NET BOOK VALUE

At 30 April 2025

230,000

At 30 April 2024

220,000

As at the balance sheet date, the fair value includes a net revaluation of £108,123. This is included within profit and loss reserves but is not distributable as it is unrealised.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments

169

146

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

3,816

3,416

VAT

1,462

1,331

Directors' loan accounts

1,000

-

6,278

4,747

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Ms P C Wellard increased her loan to the company. As at 30 April 2025, the company owed her £500 (2024: £Nil). And Mr J A Wellard increased his loan to the company. As at 30 April 2025, the company owed him £500 (2024: £Nil). These balances represented the maximum amount outstanding during the year and these loans are interest free and repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are J Wellard and Mrs P Wellard.

This was by virtue of their 100% holding of the issued share capital.