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REGISTERED NUMBER: 06322563 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Irvine Group Limited

Irvine Group Limited (Registered number: 06322563)






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


Irvine Group Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J Townsley
M J Finch





REGISTERED OFFICE: Suite 25
Rural Innovation Centre
Stoneleigh Park
Kenilworth
Warwickshire
CV8 2LG





REGISTERED NUMBER: 06322563 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Irvine Group Limited (Registered number: 06322563)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,232 15,541
Investments 5 100 100
Investment property 6 600,000 600,000
613,332 615,641

CURRENT ASSETS
Debtors 7 112,815 156,761
Cash at bank 51,032 15,178
163,847 171,939
CREDITORS
Amounts falling due within one year 8 162,671 216,289
NET CURRENT ASSETS/(LIABILITIES) 1,176 (44,350 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

614,508

571,291

CREDITORS
Amounts falling due after more than one
year

9

122,174

151,577
NET ASSETS 492,334 419,714

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 11 56,754 56,754
Capital redemption reserve 1 1
Retained earnings 435,479 362,859
492,334 419,714

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.

Irvine Group Limited (Registered number: 06322563)

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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 June 2023 and were signed on its behalf by:




J Townsley - Director



M J Finch - Director


Irvine Group Limited (Registered number: 06322563)

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

1. STATUTORY INFORMATION

Irvine 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.

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


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 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 each asset over its estimated useful life.
Improvements to property - Straight line over 5 years
Fixtures and fittings - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Statement of Income and Retained Earnings, 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 (2022 - 2 ) .

Irvine Group Limited (Registered number: 06322563)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 April 2022 7,892 10,806 18,698
Additions 432 - 432
At 31 March 2023 8,324 10,806 19,130
DEPRECIATION
At 1 April 2022 111 3,045 3,156
Charge for year 1,578 1,164 2,742
At 31 March 2023 1,689 4,209 5,898
NET BOOK VALUE
At 31 March 2023 6,635 6,597 13,232
At 31 March 2022 7,781 7,761 15,542

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 March 2022 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 600,000
NET BOOK VALUE
At 31 March 2023 600,000
At 31 March 2022 600,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 112,815 156,761

Irvine Group Limited (Registered number: 06322563)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 26,500 26,500
Trade creditors 557 -
Amounts owed to group undertakings 117,640 166,653
Taxation and social security 3,040 8,281
Other creditors 14,934 14,855
162,671 216,289

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 122,174 151,577

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,174 45,577

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 148,674 178,077

The bank loan is secured by a charge over the investment property

11. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 56,754

Irvine Group Limited (Registered number: 06322563)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
J Townsley
Balance outstanding at start of year 85,799 15,476
Amounts advanced 60,170 85,973
Amounts repaid (86,000 ) (15,650 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 59,969 85,799

M J Finch
Balance outstanding at start of year 70,489 14,194
Amounts advanced 68,239 71,795
Amounts repaid (86,000 ) (15,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 52,728 70,489

The above loans have been charged at a commercial rate of interest and are repaid in full following the balance sheet date.