REGISTERED NUMBER: 08961889 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ENVISAGE PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Shergill

SECRETARY:

J M Bruton

REGISTERED OFFICE:

89c Far Gosford Street

Coventry

West Midlands

CV1 5EA

REGISTERED NUMBER:

08961889 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Investment property

4

15,255,116

14,591,765

CURRENT ASSETS

Debtors

5

505,056

560,612

Cash at bank

11,225

27,425

516,281

588,037

CREDITORS

Amounts falling due within one year

6

(1,701,100

)

(1,572,865

)

NET CURRENT LIABILITIES

(1,184,819

)

(984,828

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,070,297

13,606,937

CREDITORS

Amounts falling due after more than one year

7

(10,302,967

)

(9,929,661

)

NET ASSETS

3,767,330

3,677,276

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

2,517,304

2,517,304

Retained earnings

1,249,926

1,159,872

3,767,330

3,677,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

J Shergill - Director

1.	STATUTORY INFORMATION

Envisage Property Ltd is a limited company, limited by shares, registered in England and Wales. The address of the registered office is 89c Far Gosford Street, Coventry, West Midlands, CV1 5EA and the registration number is 08961889.

2.	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.

The presentational currency of the financial statements is Pound Sterling (£) and figures are rounded to the nearest £1.

Going concern

At the year end the company had net current liabilities of £1,184,819 (2024: £984,828) and net assets of £3,767,330 (2024: £3,677,276). The director has reviewed cash flow forecasts and working capital requirements and is confident that the company will be able to meet its liabilities as they fall due for the foreseeable future.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises turnover when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods or services; (c) the amount of turnover can be measured reliably; (d) it is probable that future economic benefits will flow to the entity and (e) when the specific criteria relating to each of the company's sales channels have been met, as described below.

Turnover represents rents receivable from investment properties, lease surrenders and the proceeds received from the sale of investment properties.

Turnover is recognised as it falls due, in accordance with the lease to which it relates. Any lease incentives are spread evenly across the period of the lease.

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.

Investment property comprises freehold and long leasehold buildings. They are measured initially at cost, including related transaction costs. These are held as investments to earn rental income and for capital appreciation and are stated at fair value at the Balance Sheet date.

The fair value of investment property reflects, among other things, rental income from current lease and assumptions about rental income from future leases in light of current market conditions.

Subsequent expenditure is added to the assets carrying amount only when it is probable that future economic benefits associated with the item will flow to the company and the cost of the item can be measured reliably. All other repairs and maintenance costs are charged to the profit and loss account during the financial period in which they incurred.

Any movement in the fair value of the properties is reflected within the profit and the loss account for the year. Any associated deferred tax liability is taken to the profit and loss account in the year and offset against revaluation gains held in other reserves.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in the profit and loss account, 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 direct in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

-Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowance have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

14,591,765

Additions

663,351

At 31 March 2025

15,255,116

NET BOOK VALUE

At 31 March 2025

15,255,116

At 31 March 2024

14,591,765

In respect of investment properties stated at valuation, the comparable historical cost is £15,119,389 (2024:£11,762,757).

The fair value reserve for the company discloses the movement between the historical cost basis and the fair value basis for investment properties.

Investment properties owned by the company, totalling a market value of £15,255,116 were revalued, by independent valuers at 31 March 2025 respectively, on an open market basis. The director considers this valuation to be an accurate reflection of the fair value of the investment properties as at 31 March 2025. The remaining investment properties are held at fair value as assessed by the director at the year end.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,718

1,043

Amounts owed by group undertakings

390,440

390,440

Amounts owed by associates

47,529

160,846

Other debtors

65,369

8,283

505,056

560,612

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

389,017

389,017

Trade creditors

25,480

29,834

Amounts owed to group undertakings

882,874

853,738

Amounts owed to associates

26,746

-

Taxation and social security

15,819

48,849

Other creditors

361,164

251,427

1,701,100

1,572,865

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

10,302,967

9,929,661

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

10,691,984

10,318,678

Mortgages undertaken by the company are secured on assets held by the company.

9.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

2,517,304

10.	RELATED PARTY DISCLOSURES

At the year end, the company owed £26,746 (2024: £nil) to companies under common

control.

At the year end, the company was owed £47,529 (2024: £160,846) from companies under common control.