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REGISTERED NUMBER: 10313168 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2023

for

IMAGINE PROPERTY GROUP LIMITED

IMAGINE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 10313168)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

IMAGINE PROPERTY GROUP LIMITED

Company Information
for the year ended 31 March 2023







DIRECTORS: M D Cole
T McBride
G M Smith





REGISTERED OFFICE: Block B
Wilmington Close
Watford
Hertfordshire
WD18 0FQ





REGISTERED NUMBER: 10313168 (England and Wales)





ACCOUNTANTS: Trevor Jones & Partners Ltd
Springfield House
99/101 Crossbrook Street
Cheshunt
Waltham Cross
Hertfordshire
EN8 8JR

IMAGINE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 10313168)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 607,630 639,611
Tangible assets 5 9,000 9,000
Investments 6 159,647 59,647
776,277 708,258

CURRENT ASSETS
Debtors 531,810 385,353
Cash at bank and in hand 1,510,968 1,439,413
2,042,778 1,824,766
CREDITORS
Amounts falling due within one year 951,968 843,790
NET CURRENT ASSETS 1,090,810 980,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,867,087

1,689,234

CREDITORS
Amounts falling due after more than one
year

7

176,781

223,101
NET ASSETS 1,690,306 1,466,133

CAPITAL AND RESERVES
Called up share capital 194 194
Capital redemption reserve 6 6
Retained earnings 1,690,106 1,465,933
1,690,306 1,466,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

IMAGINE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 10313168)

Abridged Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 June 2023 and were signed on its behalf by:





M D Cole - Director


IMAGINE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 10313168)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Imagine Property Group Limited 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.

Turnover
Turnover, which arises wholly in the United Kingdom, comprises commission and fees receivable.
Commission earned on sales of residential and commercial property is accounted for on the exchange of contracts for such sales. Survey, valuation and conveyancing fees are accounted for on completion of the service being provided. Commission earned on sales of insurance policies, mortgages and related products is accounted for when the policies go on risk or the mortgage is exchanged

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

IMAGINE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 10313168)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 42 (2022 - 47 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 799,516
AMORTISATION
At 1 April 2022 159,905
Amortisation for year 31,981
At 31 March 2023 191,886
NET BOOK VALUE

At 31 March 2023 607,630
At 31 March 2022 639,611

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 9,000
NET BOOK VALUE
At 31 March 2023 9,000
At 31 March 2022 9,000

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022 59,647
Additions 100,000
At 31 March 2023 159,647
NET BOOK VALUE
At 31 March 2023 159,647
At 31 March 2022 59,647

IMAGINE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 10313168)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 176,781 223,101

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Imagine Property Group Limited

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 Abridged 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 Imagine Property Group Limited for the year ended 31 March 2023 which comprise the Abridged Income Statement, Abridged 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 Imagine Property Group Limited, as a body, in accordance with the terms of our engagement letter dated 10 August 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Imagine Property Group Limited and state those matters that we have agreed to state to the Board of Directors of Imagine Property Group Limited, 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 Imagine Property Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Imagine Property Group Limited 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 Imagine Property Group Limited. You consider that Imagine Property Group Limited 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 Imagine Property Group Limited. 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.






Trevor Jones & Partners Ltd
Springfield House
99/101 Crossbrook Street
Cheshunt
Waltham Cross
Hertfordshire
EN8 8JR


23 June 2023