2022-03-01 2023-02-28 false No description of principal activity Capium Accounts Production 1.1 11436262 bus:FullAccounts 2022-03-01 2023-02-28 11436262 bus:FRS102 2022-03-01 2023-02-28 11436262 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11436262 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 11436262 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11436262 2022-03-01 2023-02-28 11436262 2023-02-28 11436262 bus:RegisteredOffice 2022-03-01 2023-02-28 11436262 core:WithinOneYear 2023-02-28 11436262 core:AfterOneYear 2023-02-28 11436262 bus:Director1 2022-03-01 2023-02-28 11436262 bus:Director1 2023-02-28 11436262 bus:Director1 2021-07-01 2022-02-28 11436262 bus:Director2 2022-03-01 2023-02-28 11436262 bus:Director2 2023-02-28 11436262 bus:Director2 2021-07-01 2022-02-28 11436262 2021-07-01 11436262 bus:CompanySecretary1 2022-03-01 2023-02-28 11436262 bus:LeadAgentIfApplicable 2022-03-01 2023-02-28 11436262 2021-07-01 2022-02-28 11436262 2022-02-28 11436262 core:WithinOneYear 2022-02-28 11436262 core:AfterOneYear 2022-02-28 11436262 bus:EntityAccountantsOrAuditors 2021-07-01 2022-02-28 11436262 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 11436262 bus:OrdinaryShareClass1 2023-02-28 11436262 bus:OrdinaryShareClass1 2021-07-01 2022-02-28 11436262 bus:OrdinaryShareClass1 2022-02-28 11436262 core:LandBuildings 2022-03-01 2023-02-28 11436262 core:LandBuildings 2023-02-28 11436262 core:LandBuildings 2022-02-28 11436262 core:PlantMachinery 2022-03-01 2023-02-28 11436262 core:PlantMachinery 2023-02-28 11436262 core:PlantMachinery 2022-02-28 11436262 core:MotorCars 2022-03-01 2023-02-28 11436262 core:MotorCars 2023-02-28 11436262 core:MotorCars 2022-02-28 11436262 core:FurnitureFittings 2022-03-01 2023-02-28 11436262 core:FurnitureFittings 2023-02-28 11436262 core:FurnitureFittings 2022-02-28 11436262 core:ComputerEquipment 2022-03-01 2023-02-28 11436262 core:ComputerEquipment 2023-02-28 11436262 core:ComputerEquipment 2022-02-28 11436262 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-02-28 11436262 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-02-28 11436262 core:NetGoodwill 2022-03-01 2023-02-28 11436262 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 11436262 core:CostValuation core:Non-currentFinancialInstruments 2022-02-28 11436262 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-02-28 11436262 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-02-28 11436262 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-02-28 11436262 core:Non-currentFinancialInstruments 2023-02-28 11436262 core:Non-currentFinancialInstruments 2022-02-28 11436262 core:ShareCapital 2023-02-28 11436262 core:ShareCapital 2022-02-28 11436262 core:RetainedEarningsAccumulatedLosses 2023-02-28 11436262 core:RetainedEarningsAccumulatedLosses 2022-02-28 11436262 dpl:Item1 2022-03-01 11436262 dpl:Item1 2023-02-28 11436262 dpl:Item1 2021-07-01 11436262 dpl:Item1 2022-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11436262
England and Wales

 

 

 

IMPERIAL BUSINESS (LONDON) LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
Directors Erel OZTURK
Aliriza DOGAN
Registered Number 11436262
Registered Office MEZ FOOD CENTRE
460-462 GREENFORD ROAD
GREENFORD
UB6 8SQ
Accountants DK & Co Services Ltd
1A Silver Street
Wellingborough
Northampton
NN8 1BQ
1
Accountant’s report
You consider that the company is exempt from an audit for the year ended 28 February 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
DK & Co Services Ltd
28 February 2023



....................................................
DK & Co Services Ltd
1A Silver Street
Wellingborough
Northampton
NN8 1BQ
29 November 2023
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 2,228,424    2,242,906 
Investments 4 1,597,874    1,597,874 
3,826,298    3,840,780 
Current assets      
Debtors 5 150,000    152,663 
Cash at bank and in hand 150,547    30,547 
300,547    183,210 
Creditors: amount falling due within one year 6 (529,077)   (322,090)
Net current liabilities (228,530)   (138,880)
 
Total assets less current liabilities 3,597,768    3,701,900 
Creditors: amount falling due after more than one year 7 (3,570,607)   (3,680,749)
Net assets 27,161    21,151 
 

Capital and reserves
     
Called up share capital 8 100    100 
Profit and loss account 27,061    21,051 
Shareholder's funds 27,161    21,151 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 29 November 2023 and were signed on its behalf by:


-------------------------------
Erel OZTURK
Director
3
General Information
IMPERIAL BUSINESS (LONDON) LTD is a private company, limited by shares, registered in England and Wales, registration number 11436262, registration address MEZ FOOD CENTRE, 460-462 GREENFORD ROAD , GREENFORD, UB6 8SQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 8).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £   £
At 01 March 2022   185,941    68,112    1,890    2,986    258,929 
Additions 2,100,000            2,100,000 
Disposals          
At 28 February 2023 2,100,000    185,941    68,112    1,890    2,986    2,358,929 
Depreciation
At 01 March 2022   102,242    4,211    1,323    1,436    109,212 
Charge for year   7,184    6,811    7,000    298    21,293 
On disposals          
At 28 February 2023   109,426    11,022    8,323    1,734    130,505 
Net book values
Closing balance as at 28 February 2023 2,100,000    76,515    57,090    (6,433)   1,252    2,228,424 
Opening balance as at 01 March 2022 2,100,000    83,699    57,090    567    1,550    2,242,906 


4.

Investments

Cost Loans to group undertakings   Total
  £   £
At 01 March 2022  
Additions 1,597,874    1,597,874 
Transfer to/from tangible fixed assets  
Disposals  
At 28 February 2023 1,597,874    1,597,874 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
VAT   2,663 
  2,663 

5.

Debtors: amounts falling due after one year

2023
£
  2022
£
Deposits paid 150,000    150,000 
150,000    150,000 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax   80 
PAYE & Social Security   147 
Accrued Expenses 2,000    2,000 
Directors' Current Accounts 527,077    319,863 
529,077    322,090 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Barclays Loan   33,668 
Barclay Loan 36,528    42,845 
Lloyds Bank Loan   36,908 
Bradgate Business Finance   8,713 
VWFS Finance   22,102 
Habib Bank Mortgage 3,410,079    3,536,513 
Directors' Loan Accounts 124,000   
3,570,607    3,680,749 

8.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

4