Enterprise Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02701563

ENTERPRISE SERVICES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 February 2025

ENTERPRISE SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Intangible assets	5	630,927	–
Tangible assets	6	475,000	475,000
		------------	---------
		1,105,927	475,000

CURRENT ASSETS

Debtors	7	50,155	( 3,650)
Investments	8	–	465,678
Cash at bank and in hand		382,295	426,897
		---------	---------
		432,450	888,925

CREDITORS: amounts falling due within one year	9	( 7,142)		( 15,899)
		---------		---------
NET CURRENT ASSETS			425,308	873,026
			------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,531,235	1,348,026

PROVISIONS

Taxation including deferred tax	( 24,166)	( 24,166)
	------------	------------
NET ASSETS	1,507,069	1,323,860
	------------	------------

CAPITAL AND RESERVES

Called up share capital	100	100
Revaluation reserve	517,393	–
Profit and loss account	989,576	1,323,760
	------------	------------
SHAREHOLDERS FUNDS	1,507,069	1,323,860
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 28 February 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 year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ENTERPRISE SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 12 November 2025 , and are signed on behalf of the board by:

R N Tobias
Director

Company registration number: 02701563

ENTERPRISE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12 Parkhill Business Centre, Walton Road, Wetherby, LS22 5DZ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Changes in accounting policies

The company holds digital assets for long term investment. In prior periods this were accounted for as a current asset investment. From 1 March 2024 these digital assets has been re-classified as an intangible asset in accordance with FRS102 Section 1A. Following this reclassification, revaluation gains totalling £352,143 were transferred from the profit and loss account to the revaluation reserve.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of rents receivable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. TAX ON PROFIT

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	4,212	4,857
	-------	-------
Tax on profit	4,212	4,857
	-------	-------

5. INTANGIBLE ASSETS

	Digital assets held for investment
	£
Cost
Additions	465,678
Revaluations	165,249
	---------
At 28 February 2025	630,927
	---------
Amortisation
At 1 March 2024 and 28 February 2025	–
	---------
Carrying amount
At 28 February 2025	630,927
	---------
At 29 February 2024	–
	---------

6. TANGIBLE ASSETS

	Investment Property
	£
Cost
At 1 March 2024 and 28 February 2025	475,000
	---------
Depreciation
At 1 March 2024 and 28 February 2025	–
	---------
Carrying amount
At 28 February 2025	475,000
	---------
At 29 February 2024	475,000
	---------

Investment property has been valued by a director, on an open market basis, as at 28 February 2025.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Investment Property
	£
At 28 February 2025
Aggregate cost	274,773
Aggregate depreciation	–
	---------
Carrying value	274,773
	---------

At 29 February 2024
Aggregate cost	274,773
Aggregate depreciation	–
	---------
Carrying value	274,773
	---------

7. DEBTORS

	2025	2024
	£	£
Other debtors	50,155	( 3,650)
	--------	-------

8. INVESTMENTS

	2025	2024
	£	£
Other investments	–	465,678
	----	---------

9. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	3,872	12,749
Other creditors	3,270	3,150
	-------	--------
	7,142	15,899
	-------	--------