Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2No description of principal activity2022-08-01false2falsetrue 05197498 2022-08-01 2023-07-31 05197498 2021-08-01 2022-07-31 05197498 2023-07-31 05197498 2022-07-31 05197498 c:Director2 2022-08-01 2023-07-31 05197498 d:CurrentFinancialInstruments 2023-07-31 05197498 d:CurrentFinancialInstruments 2022-07-31 05197498 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 05197498 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 05197498 d:ShareCapital 2023-07-31 05197498 d:ShareCapital 2022-07-31 05197498 d:CapitalRedemptionReserve 2023-07-31 05197498 d:CapitalRedemptionReserve 2022-07-31 05197498 d:RetainedEarningsAccumulatedLosses 2023-07-31 05197498 d:RetainedEarningsAccumulatedLosses 2022-07-31 05197498 c:FRS102 2022-08-01 2023-07-31 05197498 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05197498 c:FullAccounts 2022-08-01 2023-07-31 05197498 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05197498 4 2022-08-01 2023-07-31 05197498 6 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 05197498









IPPLEPEN PROPERTY HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023














 
IPPLEPEN PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER:05197498

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
2,502,353
2,502,353

  
2,502,353
2,502,353

Current assets
  

Cash at bank and in hand
 5 
-
10

  
-
10

Creditors: amounts falling due within one year
 6 
(2,350,243)
(2,350,253)

Net current liabilities
  
 
 
(2,350,243)
 
 
(2,350,243)

Total assets less current liabilities
  
152,110
152,110

  

Net assets
  
152,110
152,110


Capital and reserves
  

Called up share capital 
  
100
100

Capital redemption reserve
  
10
10

Profit and loss account
  
152,000
152,000

  
152,110
152,110


Page 1

 
IPPLEPEN PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER:05197498
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 November 2023.




Mr M R A Ford
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
IPPLEPEN PROPERTY HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Ipplepen Property Holdings Limited is a private company, limited by shares, domiciled in England. The registered office is Vlaue House Stores, Clovelly Road Industrial Estate, Bideford, Devon, EX39 3HN. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Exemption from preparing consolidated financial statements

 The Company, and the Group headed by it, qualify as small as set out in section 383 of the     Compaines Act 2006 and the parent and Group are considered eligible for the expemption to    prepare consolidated accounts.
 
 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
IPPLEPEN PROPERTY HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2022
2,502,353



At 31 July 2023
2,502,353




Page 4

 
IPPLEPEN PROPERTY HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
10

-
10



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
-
100,000

Other creditors
2,350,243
2,250,253

2,350,243
2,350,253


 
Page 5