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REGISTERED NUMBER: 12344642 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

International House (CI) Ltd

International House (CI) Ltd (Registered number: 12344642)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

International House (CI) Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTORS: M Chittenden
B Norman





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 12344642 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

International House (CI) Ltd (Registered number: 12344642)

Balance Sheet
31 December 2021

31/12/21 31/12/20
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,000,000 1,045,295

CURRENT ASSETS
Debtors 5 14,548 6,480
Investments 6 82 82
Cash at bank 4,687 3,737
19,317 10,299
CREDITORS
Amounts falling due within one year 7 799,183 1,096,854
NET CURRENT LIABILITIES (779,866 ) (1,086,555 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,220,134

(41,260

)

CREDITORS
Amounts falling due after more than one year 8 (567,000 ) -

PROVISIONS FOR LIABILITIES (135,252 ) -
NET ASSETS/(LIABILITIES) 517,882 (41,260 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 517,782 (41,360 )
517,882 (41,260 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

International House (CI) Ltd (Registered number: 12344642)

Balance Sheet - continued
31 December 2021


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 2 September 2022 and were signed on its behalf by:





M Chittenden - Director


International House (CI) Ltd (Registered number: 12344642)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

International House (CI) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

International House (CI) Ltd (Registered number: 12344642)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021 1,045,295
Additions 242,854
Revaluations 711,851
At 31 December 2021 2,000,000
NET BOOK VALUE
At 31 December 2021 2,000,000
At 31 December 2020 1,045,295

Fair value at 31 December 2021 is represented by:
£   
Valuation in 2021 711,851
Cost 1,288,149
2,000,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Trade debtors 13,491 -
Other debtors 1,057 6,480
14,548 6,480

6. CURRENT ASSET INVESTMENTS
31/12/21 31/12/20
£    £   
Unlisted investments 82 82

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Bank loans and overdrafts - 567,000
Trade creditors 5,872 19,087
Taxation and social security 130 -
Other creditors 793,181 510,767
799,183 1,096,854

International House (CI) Ltd (Registered number: 12344642)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/21 31/12/20
£    £   
Bank loans 567,000 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 567,000 -

9. SECURED DEBTS

Shawbrook Bank Limited holds a fixed charge over the company's freehold property, fixtures and fittings, related rights.

The outstanding amount at balance sheet date in regard to this loan was £567,000.

10. RELATED PARTY DISCLOSURES

As at the year end the company owed directors M Chittenden £821 and B Norman £175,138.

Included in other creditors is £242,621 owed to MRM47 Ltd and £350,000 owed to The Manor by the Lake Cheltenham Ltd. M Chittenden is a director and shareholder of both these companies.

11. POST BALANCE SHEET EVENTS

In preparing these financial statements the directors have given due consideration as to whether the impacts upon the business of the COVID-19 pandemic represent adjusting post balance sheet events and are satisfied that they do not.

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party in the opinion of the directors.

13. GOING CONCERN

COVID-19 is not expected to have a significant impact on the entity. Management has determined that there is no material uncertainty that casts doubt on the entity's ability to continue as a going concern. It expects that COVID-19 might have some impact, though not significant, for example, in relation to expected future performance, or the effects on some future asset valuations.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
International House (CI) Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of International House (CI) Ltd for the year ended 31 December 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of International House (CI) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of International House (CI) Ltd and state those matters that we have agreed to state to the Board of Directors of International House (CI) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than International House (CI) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that International House (CI) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of International House (CI) Ltd. You consider that International House (CI) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of International House (CI) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


5 September 2022