British Ensign Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11317491 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

British Ensign Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

23,032

1,675

Investments

5

1,674,929

1,674,889

1,697,961

1,676,564

CURRENT ASSETS

Debtors

6

1,494,274

952,919

Cash at bank

516

459

1,494,790

953,378

CREDITORS

Amounts falling due within one year

7

3,003,198

2,495,726

NET CURRENT LIABILITIES

(1,508,408

)

(1,542,348

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

189,553

134,216

CREDITORS

Amounts falling due after more than one
year

8

(19,419

)

(8,182

)

PROVISIONS FOR LIABILITIES

(5,758

)

-

NET ASSETS

164,376

126,034

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

164,276

125,934

164,376

126,034

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 24 September 2026 and were signed on its behalf by:

E Blacker - Director

L Blacker - Director

1.	STATUTORY INFORMATION

British Ensign Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11317491

Registered office:

Slinfold Golf & Country Club

Stane Street

Horsham

West Sussex

RH13 0RE

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, 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

-

20% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

2,686

Additions

22,126

At 31 December 2025

24,812

DEPRECIATION

At 1 January 2025

1,011

Charge for year

769

At 31 December 2025

1,780

NET BOOK VALUE

At 31 December 2025

23,032

At 31 December 2024

1,675

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 January 2025

1,674,889

Additions

40

At 31 December 2025

1,674,929

NET BOOK VALUE

At 31 December 2025

1,674,929

At 31 December 2024

1,674,889

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Amounts owed by associates

522,480

-

Other debtors

971,794

952,919

1,494,274

952,919

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Bank loans and overdrafts

6,525

6,364

Finance leases

2,850

-

Trade creditors

2,249

7,773

Amounts owed to associates

2,613,437

2,128,557

Taxation and social security

81,003

4,800

Other creditors

297,134

348,232

3,003,198

2,495,726

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Bank loans

1,657

8,182

Finance leases

17,762

-

19,419

8,182

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £559,380 (2024: £438,361) by British Ensign Holdings Limited, a company under the control of the Estate of Peter Blacker, a related party.There is no fixed repayment date, but is repayable on demand, and the balance is interest free.

At the balance sheet date the company owed £2,613,437 (2024: £2,128,557) to British Ensign Golf Limited, an associated company in which the directors are shareholders, with no fixed repayment date, but is repayable on demand. Interest of £188,508 (2024: £194,907) is payable on the loan and is charged at an annual rate of 6% over base rate. Included within turnover are management charges of £375,000 (2024: £375,000) paid by the associated company.

At the balance sheet date the company owed £216,733 (2024: £241,433) to Beornwood Ltd, a company under the control of Luke Blacker, a director. There is no fixed repayment date, but is repayable on demand, and the balance is interest free.

At the balance sheet date the company owed £26,083 (2024: £69,383) to Galena Real Estate Ltd, a company under the control of Edward Blacker, a director. There is no fixed repayment date, but is repayable on demand, and the balance is interest free. Included within turnover are management charges of £13,500 (2024: £35,500) paid by the company.

At the balance sheet date the company was owed £522,480 (2024: £nil) by Blackgate Investments Ltd, an associated company. There is no fixed repayment date.

During the year the company has charged £12,427 (2024: £nil) to DWF Sports Ltd, an associated company, for management services. There was no amount owing at the balance sheet date.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the board of directors.