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REGISTERED NUMBER: 03169778 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

IMPERIALS PRESTIGE PROPERTIES LIMITED

IMPERIALS PRESTIGE PROPERTIES LIMITED (REGISTERED NUMBER: 03169778)






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


IMPERIALS PRESTIGE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Shaun John Wright





SECRETARY: Mark Swales





REGISTERED OFFICE: Create Business Hub
5 Rayleigh Road
Shenfield
Brentwood
Essex
CM13 1AB





REGISTERED NUMBER: 03169778 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

IMPERIALS PRESTIGE PROPERTIES LIMITED (REGISTERED NUMBER: 03169778)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 726,772 640,187
Investments 5 5,995,905 4,666,749
6,722,677 5,306,936

CURRENT ASSETS
Debtors 6 30,065 33,505
Cash at bank 99,689 134,227
129,754 167,732
CREDITORS
Amounts falling due within one year 7 3,979,954 2,860,567
NET CURRENT LIABILITIES (3,850,200 ) (2,692,835 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,872,477

2,614,101

CREDITORS
Amounts falling due after more than one
year

8

134,935

194,887
NET ASSETS 2,737,542 2,419,214

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,737,442 2,419,114
SHAREHOLDERS' FUNDS 2,737,542 2,419,214

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 director acknowledges his 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.

IMPERIALS PRESTIGE PROPERTIES LIMITED (REGISTERED NUMBER: 03169778)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2023 and were signed by:





Shaun John Wright - Director


IMPERIALS PRESTIGE PROPERTIES LIMITED (REGISTERED NUMBER: 03169778)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Imperials Prestige Properties 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 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.
Computer equipment - 25% on cost

Investment properties are not shown in the Balance Sheet at their open market value because the director considers that to do so would involve expense and delay out of proportion to the value to the members of the company. This policy does not comply with the provisions of Statement of Standard Accounting Practice number 19.

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.

3. EMPLOYEES AND DIRECTORS

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

IMPERIALS PRESTIGE PROPERTIES LIMITED (REGISTERED NUMBER: 03169778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 April 2022 640,187 1,244 641,431
Additions 86,585 - 86,585
At 31 March 2023 726,772 1,244 728,016
DEPRECIATION
At 1 April 2022
and 31 March 2023 - 1,244 1,244
NET BOOK VALUE
At 31 March 2023 726,772 - 726,772
At 31 March 2022 640,187 - 640,187

5. FIXED ASSET INVESTMENTS

Fixed asset investments represent freehold and long leasehold properties at cost. They were classified as freehold and long leasehold assets in the previous year. Investment properties are not shown in the Balance Sheet at their open market value because the director considers that to do so would involve expense and delay out of proportion to the value to the members of the company.


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,724 22,563
Other debtors 1,341 10,942
30,065 33,505

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 558,884 415,078
Other loans 50,000 50,000
Trade creditors 42,633 20,735
Tax 170,321 176,968
Social security and other taxes 6,204 3,318
VAT 9,334 10,428
Other creditors 29,722 29,592
Net wages 822 735
Directors' current accounts 3,109,034 2,124,713
Accruals and deferred income 3,000 29,000
3,979,954 2,860,567

IMPERIALS PRESTIGE PROPERTIES LIMITED (REGISTERED NUMBER: 03169778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,204 9,952
Bank loans - 2-5 years 12,231 22,435
Other loans - 1-2 years 50,000 50,000
Other loans - 2-5 years 62,500 112,500
134,935 194,887

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 581,319 447,465

The loans to the company are secured on the investment properties.