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Company Registration No. 13199033 (England and Wales)
Ikebana Projects Limited Unaudited accounts for the year ended 28 February 2023
Ikebana Projects Limited Unaudited accounts Contents
Page
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Ikebana Projects Limited Company Information for the year ended 28 February 2023
Directors
L M D Montigiani ME Prinzessin Zu Sayn-Wittgenstein-Berleburg I Tarasiuk
Company Number
13199033 (England and Wales)
Registered Office
71-75 Shelton Street London Greater London WC2H 9JQ
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
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Ikebana Projects Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
120 
1,466 
Cash at bank and in hand
3,918 
1,333 
4,038 
2,799 
Creditors: amounts falling due within one year
(8,834)
(8,312)
Net current liabilities
(4,796)
(5,513)
Net liabilities
(4,796)
(5,513)
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
(5,096)
(5,813)
Shareholders' funds
(4,796)
(5,513)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by
L M D Montigiani Director Company Registration No. 13199033
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Ikebana Projects Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Ikebana Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 13199033. The registered office is 71-75 Shelton Street, London, Greater London, WC2H 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due. The directors expect an upturn in future trade that would improve the company's profitability.
4
Inventories
2023 
2022 
£ 
£ 
Finished goods
120 
1,466 
120 
1,466 
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Ikebana Projects Limited Notes to the Accounts for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
7,934 
7,412 
Accruals
900 
900 
8,834 
8,312 
6
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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