Company Registration No. 03288522 (England and Wales)
ENDICOTT INVESTMENTS LTD
Unaudited financial statements
For the year ended 30 June 2020
Pages for filing with registrar
ENDICOTT INVESTMENTS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ENDICOTT INVESTMENTS LTD
BALANCE SHEET
As at 30 June 2020
- 1 -
2020
2019
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1
1
Current assets
Stocks
2,101,011
1,460,668
Debtors
3
24,412
16,170
Cash at bank and in hand
3,624,321
4,495,175
5,749,744
5,972,013
Creditors: amounts falling due within one year
4
(743,144)
(764,075)
Net current assets
5,006,600
5,207,938
Net assets
5,006,601
5,207,939
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
5,005,601
5,206,939
Total equity
5,006,601
5,207,939
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 23 June 2021 and are signed on its behalf by:
Mr Roger Hamilton-Brown
Director
Company Registration No. 03288522
ENDICOTT INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 June 2020
- 2 -
1
Accounting policies
Company information
Endicott Investments Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Connect House
,
133-137 Alexandra Road
,
Wimbledon
,
London
,
SW19 7JY
.
1.1
Accounting convention
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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided
and property or securities sold
in the normal course of business
.
1.3
Tangible fixed assets
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
- over 4 years
1.4
Impairment of fixed assets
At each reporting
period
end date, the
company
reviews the carrying amounts of its tangible
assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company
estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.5
Stocks
Stocks
of property and listed and unlisted securities
are stated at cost
.
1.6
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.
1.7
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price
.
Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans
are
recognised at transaction price
.
Financial liabilities classified as payable within one year are not amortised.
ENDICOTT INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 30 June 2020
1
Accounting policies
(Continued)
- 3 -
1.8
Leases
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
1.9
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation
in the period
are included in profit or loss.
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2019 and 30 June 2020
54,319
Depreciation and impairment
At 1 July 2019 and 30 June 2020
54,318
Carrying amount
At 30 June 2020
1
At 30 June 2019
1
3
Debtors
2020
2019
Amounts falling due within one year:
£
£
Other debtors
24,412
16,170
4
Creditors: amounts falling due within one year
2020
2019
£
£
Bank loans
733,144
754,075
Other creditors
10,000
10,000
743,144
764,075