ENTOSA LIMITED
UNAUDITED FINANCIAL ACCOUNTS YEAR ENDED 30 SEPTEMBER 2021
COMPANY NO: 1767461
CHARITY NO: 292754
LIEBERMAN & CO ACCOUNTANTS 11C GROSVENOR WAY LONDON, E5 9ND
1
ENTOSA LIMITED
(A COMPANY LIMITED BY GUARANTEE)
GOVERNED BY A MEMORANDUM AND ARTICLES OF ASSOCIATION
YEAR ENDED 30 SEPTEMBER 2021
Directors/Trustees
B D Stroh B S Stroh E Stroh E Schiffer
Charity Number
292754
Company Number 1767461
Registered Office
11c Grosvenor Way LONDON, E5 9ND
Bankers
Barclays Bank PLC Leicester LE87 2BB
Independent Examiner
Lieberman & Co 11c Grosvenor Way LONDON, E5 9ND
2
ENTOSA LIMITED
DIRECTORS’/TRUSTEES’ REPORT
YEAR ENDED 30 SEPTEMBER 2021
The directors/trustees present their report together with the accounts in respect of the period ended 30 September 2021.
ORGANISATION
The trustees (who are also directors for the purposes of Company Law) held office throughout the year. The power to appoint new trustees vests in the current board. The directors/trustees were B D Stroh, B S Stroh, E Stroh & E Schiffer. Decisions are made by majority vote. The trustees have considered the Charity Commission’s guidance on public benefit.
OBJECTS
The company is established for:-
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The advancement of religion in accordance with the Orthodox Jewish Faith.
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The relief of poverty; and
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For such other purposes as are recognised by English Law as charitable.
PRINCIPAL ACTIVITY
The principal activity of the company was that of making grants to charitable institutions. The subsidiary’s principal activity was property investment.
REVIEW OF YEAR
The charity held an investment property from which rental income is received and shares in private and quoted companies.
The donations received were received from companies owned or controlled by the Director/Trustee.
The subsidiary was engaged in property investment. In the opinion of the Trustees the assets are available and adequate to fulfil the obligations of the charity.
Donations of £0 (2020: £100,000) were made to charitable organisations as thought fit by the board.
RESERVES
The reserves of £922,743 (2020: £824,268) represent fixed assets and funds not yet distributed.
RISK
The trustees have considered the major risks to which the charity might be exposed and have taken steps to mitigate them.
The information on page 1 and Note 4 forms part of this report.
This report has been prepared taking advantage of special exemptions applicable to small companies under Part 15 of the Companies Act 2006.
………………………………………….
E. STROH – DIRECTOR /TRUSTEE
____ 2022_
3
ENTOSA LIMITED
INDEPENDENT EXAMINERS REPORT TO THE MEMBERS
YEAR ENDED 30 SEPTEMBER 2021
I report on the accounts of the company for the period ended 30 September 2021, which are set out on pages 4 to 9.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The directors/trustees of the company are responsible for the preparation of the accounts. The directors/trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity is required by law to prepare accounts and I am qualified to undertake the examination by being a member of the Institute of Chartered Accountants.
Having been satisfied that the charity is not subject to audit under company law and is eligible for independent examination it is my responsibility to:
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Examine the accounts under Section 145 of the 2011 Act;
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To follow the procedures laid down in the General Directions given by the Charity Commission under Section 145 (5) (b) of the 2011 Act; and
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To state whether particular matters have come to our attention.
BASIS OF INDEPENDENT EXAMINER’S REPORT
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER’S STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice; Accounting and Reporting by Charities (revised 2005) have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
........................
L LERNER FCA CHARTERED ACCOUNTANT 42 ROSTREVOR AVENUE LONDON, N15 6LP
______ 2022_
4
ENTOSA LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 30 SEPTEMBER 2021
| Notes Incoming Resources:- Donations (Includes £26,000; (2020 - £37,000) from subsidiary) UK Interest Outgoing Resources:- Costs of Generating Funds 2 Charitable Activities: Donations 3 Governance 4 Total Resources Expended Net Income/(Expenditure) for the Year Total Funds Brought Forward Total Funds Carried Forward |
2021 101,000 - 101,000 1,347 - 1,178 2,525 98,475 824,268 922,743 |
2020 136,000 24 136,024 1,308 100,000 1,766 103,074 32,950 791,318 824,268 |
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|---|---|---|---|---|---|---|
5
ENTOSA LIMITED
COMPANY NO: 1767461
BALANCE SHEET AS AT 30 SEPTEMBER 2021
| Notes FIXED ASSETS Property 5 Shares 6 CURRENT ASSETS Debtors 7 Cash at Bank and in Hand CREDITORS:amounts falling due within one year 8 NET CURRENT (LIABILITIES) Represented By-: Income and Expenditure Account(Unrestricted Includes Revaluation Reserve |
2021 70,000 1,071,844 1,141,844 388 58,179 58,567 277,668 (219,101) 922,743 Funds) 922,743 678,790 |
2021 70,000 1,071,844 1,141,844 388 58,179 58,567 277,668 (219,101) 922,743 Funds) 922,743 678,790 |
388 60,203 |
388 60,203 |
2020 70,000 1,071,844 1,141,844 (317,576) 824,268 824,268 678,790 |
|---|---|---|---|---|---|
60,591 378,167 |
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Funds) |
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The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.
The directors acknowledge their responsibilities for:
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(i) ensuring that the company keeps accounting records which comply with section 386 of the Act, and
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(ii) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its results for the financial year in accordance with the requirements of sections 394 and 395, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.
These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
These financial statements were approved by the directors and authorised for issue on ........................, and are signed on their behalf by:
_________ E STROH - DIRECTOR/TRUSTEE_
6
ENTOSA LIMITED
YEAR ENDED 30 SEPTEMBER 2021
NOTES TO THE ACCOUNTS
- 1 BASIS OF PREPARATION OF THE ACCOUNTS
a) Statement of Directors/Trustees Responsibility for Preparing the Accounts
Company law requires the directors/trustees to prepare the director/trustees report and to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company at the end of the year and of the result for the year then ended in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice and observe the methods and principles of the Charity SORP which they must not approve unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its result for the period.
In preparing those financial statements, the directors/trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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The director/trustees are responsible for keeping adequate accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Make judgements and estimates that are reasonable and prudent;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
b) Accounting Convention and Policies
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i) The accounts have been prepared under the historical cost convention except for the revaluation of certain fixed assets and in accordance with applicable accounting standards and in accordance with the Companies Act and applicable accounting standards including the SORP 2015 and the FRSSE (effective January 2015).
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ii) Donations and interest are accounted for when received by the company.
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iii) Expenditure on administration of the company includes all expenditure not falling under the headings of costs of generating funds or making donations.
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iv) All fixed assets are valued at open market value at the year end.
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v) The Directors/Trustees have taken advantage of exemptions available to small groups under the Companies Act and Charities SORP not to prepare group financial statements. These financial statements do not therefore reflect the full financial results of the subsidiary.
7
ENTOSA LIMITED
YEAR ENDED 30 SEPTEMBER 2021
NOTES TO THE ACCOUNTS
| 2 COST OF GENERATING FUNDS Insurance 3 DONATIONS: TO INSTITUTIONS Relief of Poverty: Strawberry Care Foundation Ltd Advancement of Education Lakechance Ltd 4 GOVERNANCE Independent Examiner’s Fees Accountancy Fees Professional Fees Bank Charges No trustee expenses were incurred. 5 PROPERTY Property in the UK – A/C Valuation Carried Forward Cost |
2021 1,347 - - -- 200 300 600 78 1,178 70,000 66,210 |
2020 1,308 50,000 50,000 100,000 200 300 1,222 44 1,766 70,000 66,210 |
|---|---|---|
The investment property is shown at open market value as at the year-end as per the valuation of the directors/trustees.
8
ENTOSA LIMITED
YEAR ENDED 30 SEPTEMBER 2021
NOTES TO THE ACCOUNTS
| 6 SHARES In UK Listed Company In UK Subsidiary (Cost £396,000) Brought forward Revaluation |
1,071,000 - |
2021 844 1,071,000 1,071,844 |
1,071,000 - |
2020 844 1,071,000 1,071,844 |
|---|---|---|---|---|
The shares in the subsidiary were valued as at the year-end by the directors/trustees.
7 DEBTORS
| Sundry Debtors 8 CREDITORS:amounts falling due within one year Sundry Accruals Sundry Creditors |
388 4,557 273,111 277,668 |
388 4,057 374,110 378,167 |
|---|---|---|
9 RELATED PARTIES
The Company is controlled by members of the Stroh family. As at the year-end Grey Eagle Properties Ltd, Oakway Properties Ltd, Ringbury Ltd, Sun House Ltd, Woodpine Investments Ltd, Wingmore Investments Ltd, Bagnalai Property Co Ltd and Great House (Buildings) Ltd (companies with a common director) were owed £248,000 (2020:£326,000) and a Director £22,110 (2020 - £22,110). The subsidiary (Casablanca Investments Ltd) was owed £0 (2020-£26,000). These did not incur interest and were payable by mutual consent. None of these amounts were secured.
9
ENTOSA LIMITED
YEAR ENDED 30 SEPTEMBER 2021
NOTES TO THE ACCOUNTS
10 SUBSIDIARY
The Company acquired the whole of the issued share capital of Casablanca Investments Ltd, a company incorporated in England and Wales on 17 January 2013.
The results for the year ended 30 September 2021 and the capital and reserves of the subsidiary at that date were:
| 2021 | 2020 | |
|---|---|---|
| Turnover | 39,270 | 42,065 |
| Profits | 9,660 | 2,840 |
| Capital and Reserves | 362,343 | 354,483 |