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REGISTERED NUMBER: 10623075 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Indigo Haus Ltd

Indigo Haus Ltd (Registered number: 10623075)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Indigo Haus Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs R C Hulbert
Mr J A Hulbert





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Saffron Walden
CB10 1PF





BUSINESS ADDRESS: Hatfield House
14 Bath Road
Tetbury
Gloucestershire
GL8 8EF





REGISTERED NUMBER: 10623075 (England and Wales)

Indigo Haus Ltd (Registered number: 10623075)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,219 -
Investment property 6 350,000 288,908
351,219 288,908

CURRENT ASSETS
Debtors 7 50,276 -
Cash at bank 4,785 617
55,061 617
CREDITORS
Amounts falling due within one year 8 62,729 69,033
NET CURRENT LIABILITIES (7,668 ) (68,416 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,551

220,492

CREDITORS
Amounts falling due after more than one
year

9

(269,180

)

(207,748

)

PROVISIONS FOR LIABILITIES (11,839 ) -
NET ASSETS 62,532 12,744

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 12 49,484 -
Retained earnings 13,046 12,742
62,532 12,744

Indigo Haus Ltd (Registered number: 10623075)

Balance Sheet - continued
31 March 2023


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.

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 24 September 2023 and were signed on its behalf by:




Mr J A Hulbert - Director



Mrs R C Hulbert - Director


Indigo Haus Ltd (Registered number: 10623075)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Indigo Haus 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.


Indigo Haus Ltd (Registered number: 10623075)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,625
At 31 March 2023 1,625
DEPRECIATION
Charge for year 406
At 31 March 2023 406
NET BOOK VALUE
At 31 March 2023 1,219

Indigo Haus Ltd (Registered number: 10623075)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 288,908
Revaluations 61,092
At 31 March 2023 350,000
NET BOOK VALUE
At 31 March 2023 350,000
At 31 March 2022 288,908

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 61,092
Cost 288,908
350,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 288,908 288,908

Investment property was valued on an open market basis on 31 March 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 50,276 -

Included with other debtors is an intercompany loan balance of £50,001 (2022: NIL) and a tax balance of £275 (2022: NIL).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 2,776
Other creditors 62,729 66,257
62,729 69,033

Included with Other creditors are amounts owed to directors of £61,201 (2022: £64,729), accruals of £378 (2022: £378) and tenant deposits of £1,150 (2022: £1,150).

Indigo Haus Ltd (Registered number: 10623075)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 269,180 207,748

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 269,180 207,748

10. LEASING AGREEMENTS
Lessor

At the reporting end date the company had contracted with tenants for the following minimum lease payments:

2023 2022
£ £
Within one year 12,600 12,600
12,600 12,600

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 269,180 207,748

A legal charge was placed on 23 May 2017 over 60 Alstone Avenue containing a fixed and negative pledge.

A floating and fixed charge was placed on 24 May 2017 containing a negative pledge.

A fixed charge was placed on 10 August 2022 over 60 Alstone Avenue.

12. RESERVES
Fair
value
reserve
£   
Revaluation 49,484

At 31 March 2023 49,484