REGISTERED NUMBER: 04326097 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Enigma Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Stapleton

C M Stapleton

SECRETARY:

C M Stapleton

REGISTERED OFFICE:

3-5 College Street

Nottingham

Nottinghamshire

NG1 5AQ

REGISTERED NUMBER:

04326097 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

56

Investment property

5

1,400,000

1,500,000

1,400,000

1,500,056

CURRENT ASSETS

Debtors

6

749,549

493,727

Cash at bank

1,872

24,953

751,421

518,680

CREDITORS

Amounts falling due within one year

7

219,837

36,716

NET CURRENT ASSETS

531,584

481,964

TOTAL ASSETS LESS CURRENT LIABILITIES

1,931,584

1,982,020

CREDITORS

Amounts falling due after more than one year

8

(750,050

)

(750,000

)

PROVISIONS FOR LIABILITIES

(233,768

)

(258,768

)

NET ASSETS

947,766

973,252

CAPITAL AND RESERVES

Called up share capital

10

2

2

Revaluation reserve

701,304

776,304

Retained earnings

246,460

196,946

SHAREHOLDERS' FUNDS

947,766

973,252

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 25 August 2026 and were signed on its behalf by:

M Stapleton - Director

1.	STATUTORY INFORMATION

Enigma Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover represents rental income from investment properties and is measured at the fair value of the consideration received or receivable, excluding value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 20% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for at least 12 months from the date of approving these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

16,699

Disposals

(10,661

)

At 30 November 2025

6,038

DEPRECIATION

At 1 December 2024

16,643

Charge for year

56

Eliminated on disposal

(10,661

)

At 30 November 2025

6,038

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

56

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

1,500,000

Revaluations

(100,000

)

At 30 November 2025

1,400,000

NET BOOK VALUE

At 30 November 2025

1,400,000

At 30 November 2024

1,500,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2025

935,072

Cost

464,928

1,400,000

The directors have valued the property at £1,400,000 on 30 November 2025, this is deemed to be the fair value at this date.

6.

DEBTORS

2025

2024

as

restated

£

£

Amounts falling due within one year:

Other debtors

598,058

493,727

2025

2024

as

restated

£

£

Amounts falling due after more than one year:

Other debtors

151,491

-

Aggregate amounts

749,549

493,727

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as

restated

£

£

Taxation and social security

208,076

11,768

Other creditors

11,761

24,948

219,837

36,716

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as

restated

£

£

Bank loans

750,050

750,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

750,050

750,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

as

restated

£

£

Bank loans

750,050

750,000

The bank loan is secured by way of a charge over the investment property held within the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

£

1

Ordinary class A

£1

1

1

1

Ordinary class B

£1

1

1

2

2

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

as

restated

£

£

M Stapleton

Balance outstanding at start of year

452,128

465,627

Amounts advanced

64,500

36,600

Amounts repaid

(10,312

)

(50,099

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

506,316

452,128

The loan is unsecured, bears interest at 3.76% per annum and is repayable on demand.