Company No: 01336368 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	43,647		43,756
Investment property	4	4,420,000		4,285,000
		4,463,647		4,328,756
Current assets
Debtors	5	52,705		92,904
Cash at bank and in hand		47,362		32,655
		100,067		125,559
Creditors: amounts falling due within one year	6	( 154,877)		( 156,785)
Net current liabilities		(54,810)		(31,226)
Total assets less current liabilities		4,408,837		4,297,530
Creditors: amounts falling due after more than one year	7	( 284,164)		( 365,000)
Provision for liabilities		( 630,030)		( 596,126)
Net assets		3,494,643		3,336,404
Capital and reserves
Called-up share capital	8	168		168
Share premium account		16,480		16,480
Profit and loss account		3,477,995		3,319,756
Total shareholders' funds		3,494,643		3,336,404

Included in the profit and loss reserves of £3,477,995 (2024: £3,319,756) is £2,468,591 (2024: £2,367,341) of non-distributable revaluation gains on investment property, net of the provision for deferred tax thereon.

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Enoch Properties (Devon) Limited (registered number: 01336368) were approved and authorised for issue by the Director on 22 April 2026. They were signed on its behalf by:

Mr R N Enoch Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Enoch Properties (Devon) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

The turnover shown in the profit and loss account represents rental income received in respect of the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Fixtures and fittings	not depreciated
Office equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Tangible assets

	Fixtures and fittings		Office equipment		Total
	£		£		£
Cost
At 01 November 2024	43,033		1,972		45,005
At 31 October 2025	43,033		1,972		45,005
Accumulated depreciation
At 01 November 2024	0		1,249		1,249
Charge for the financial year	0		109		109
At 31 October 2025	0		1,358		1,358
Net book value
At 31 October 2025	43,033		614		43,647
At 31 October 2024	43,033		723		43,756

4. Investment property

	Investment property
	£
Valuation
As at 01 November 2024	4,285,000
Fair value movement	135,000
As at 31 October 2025	4,420,000

Valuation

The fair value of the company's investment properties was revalued on 31 October 2025. An independent valuer was not involved. The basis of this valuation was an open market value for existing use basis.

5. Debtors

	2025		2024
	£		£
Trade debtors	32,035		35,577
Other debtors	20,670		57,327
	52,705		92,904

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	34,794		31,252
Amounts owed to director	5,947		6,137
Accruals	43,878		37,814
Corporation tax	41,030		49,969
Other creditors	29,228		31,613
	154,877		156,785

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	284,164		365,000

The bank loans are secured against the investment properties owned by the company.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (repayable by instalments)	144,988		225,250

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
108 Ordinary shares of £ 1.00 each	108		108
10 Ordinary A shares of £ 1.00 each	10		10
10 Ordinary B shares of £ 1.00 each	10		10
10 Ordinary C shares of £ 1.00 each	10		10
10 Ordinary D shares of £ 1.00 each	10		10
10 Ordinary E shares of £ 1.00 each	10		10
10 Ordinary F shares of £ 1.00 each	10		10
	168		168

9. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
Amount owed by Shareholders	15,448		51,675

Interest has been charged at HMRCs official rate.