Company registration number 12970432 (England and Wales)
ENSCO 2020 LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
ENSCO 2020 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
ENSCO 2020 LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
2,512,500
2,512,500
Current assets
Debtors
5
1,285,100
1,267,100
Cash at bank and in hand
36,807
5,376
1,321,907
1,272,476
Creditors: amounts falling due within one year
6
(1,084,779)
(1,034,930)
Net current assets
237,128
237,546
Net assets
2,749,628
2,750,046
Capital and reserves
Called up share capital
7
100
100
Other reserves
8
1,250,000
1,250,000
Profit and loss reserves
1,499,528
1,499,946
Total equity
2,749,628
2,750,046

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

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

The financial statements were approved and signed by the director and authorised for issue on 25 March 2026
J S Hennessey
Director
Company registration number 12970432 (England and Wales)
ENSCO 2020 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Ensco 2020 Limited is a private company limited by shares incorporated in England and Wales. The registered office is Fourth Floor, Unit 5B, The Parklands, Bolton, BL6 4SD.

1.1
Basis of preparation

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. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. This is based on the continued financial support provided by a Director and both group and connected companies. Creditors: amounts falling due within one year includes £1,084,779 (2024: £1,034,930) collectively, which although technically are payable on demand, will not be sought for repayment until cash flow permits.

Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries 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.

1.4
Cash and cash equivalents

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

ENSCO 2020 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

ENSCO 2020 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
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.

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.

ENSCO 2020 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
2
Employees

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

2025
2024
Number
Number
Total
0
0
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
2,512,500
2,512,500
4
Subsidiaries

Details of the company's subsidiaries at 30 September 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Property Capital PLC
Fourth Floor, Unit 5b The Parklands, Bolton, United Kindom, BL6 4SD
Property and land development
Ordinary
100.00
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,285,100
1,267,100
6
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
504,797
454,936
Corporation tax
-
0
12
Other creditors
579,982
579,982
1,084,779
1,034,930
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each of £1 each
100
100
100
100
Included in other debtors is £100 (2024: £100) unpaid share capital.
ENSCO 2020 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
8
Other reserves

This reserve includes the merger reserve on the share for share exchange.

9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Alex Hesketh
Statutory Auditor:
Sumer Auditco Limited
Date of audit report:
25 March 2026
10
Related party transactions

Included with in debtors are amounts falling due within one year from Nationwide Building & Civils Ltd of £665,000 (2024: £962,000) and Ascot Homes (D'urton) Limited of £620,000 (20 24: £305,000). These balances are unsecured, non-interest bearing and repayable on demand.

I ncluded within creditors are amounts falling due within one year is £504,797 (202 4: £454,936) owed to Property Capital PLC. This balances is unsecured, non-interest bearing and repayable on demand.

The above related parties are related by virtue of common control.

11
Ultimate controlling party

The ultimate controlling party is J S Hennessey, by virtue of his entire shareholding in the reporting entity.

12
Directors' transactions

Included within other creditors is £579,982 (202 4 :£579,982) owed to J S Hennessey, a director of the company. The balance is unsecured, non-interest bearing and repayable on demand.

2025-09-30 2024-10-01 false false false 25 March 2026 CCH Software CCH Accounts Production 2025.200 No description of principal activity J S Hennessey 12970432 2024-10-01 2025-09-30 12970432 2025-09-30 12970432 2024-09-30 12970432 core:ShareCapital 2025-09-30 12970432 core:ShareCapital 2024-09-30 12970432 core:OtherMiscellaneousReserve 2025-09-30 12970432 core:OtherMiscellaneousReserve 2024-09-30 12970432 core:RetainedEarningsAccumulatedLosses 2025-09-30 12970432 core:RetainedEarningsAccumulatedLosses 2024-09-30 12970432 core:ShareCapitalOrdinaryShareClass1 2025-09-30 12970432 core:ShareCapitalOrdinaryShareClass1 2024-09-30 12970432 bus:Director1 2024-10-01 2025-09-30 12970432 2023-10-01 2024-09-30 12970432 core:Subsidiary1 2024-10-01 2025-09-30 12970432 core:Subsidiary1 1 2024-10-01 2025-09-30 12970432 core:WithinOneYear 2025-09-30 12970432 core:WithinOneYear 2024-09-30 12970432 core:CurrentFinancialInstruments 2025-09-30 12970432 core:CurrentFinancialInstruments 2024-09-30 12970432 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 12970432 bus:OrdinaryShareClass1 2025-09-30 12970432 bus:OrdinaryShareClass1 2024-09-30 12970432 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 12970432 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 12970432 bus:FRS102 2024-10-01 2025-09-30 12970432 bus:Audited 2024-10-01 2025-09-30 12970432 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP