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REGISTERED NUMBER: 11455688 (England and Wales)















IP4 LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023






IP4 LIMITED (REGISTERED NUMBER: 11455688)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IP4 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: A Hems





REGISTERED OFFICE: Gibson House
Hurricane Court
Hurricane Close
Stafford
ST16 1GZ





REGISTERED NUMBER: 11455688 (England and Wales)

IP4 LIMITED (REGISTERED NUMBER: 11455688)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 488 -
Investment property 5 2,010,000 2,010,000
2,010,488 2,010,000

CURRENT ASSETS
Debtors 6 328,019 19,209
Cash at bank 32,231 65,652
360,250 84,861
CREDITORS
Amounts falling due within one year 7 (348,337 ) (386,316 )
NET CURRENT ASSETS/(LIABILITIES) 11,913 (301,455 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,022,401 1,708,545

CREDITORS
Amounts falling due after more than one
year

8

(963,839

)

(732,562

)

PROVISIONS FOR LIABILITIES (149,581 ) (118,418 )
NET ASSETS 908,981 857,565

CAPITAL AND RESERVES
Called up share capital 10 120 120
Revaluation reserve 504,837 504,837
Retained earnings 404,024 352,608
SHAREHOLDERS' FUNDS 908,981 857,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

IP4 LIMITED (REGISTERED NUMBER: 11455688)

BALANCE SHEET - continued
30 JUNE 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 March 2024 and were signed by:





A Hems - Director


IP4 LIMITED (REGISTERED NUMBER: 11455688)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

IP4 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable. The policies adopted for the recognition of turnover are as follows:

Rental income

Rental Income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term

Interest receivable
Interest income is recognised using the effective interest method as the company's right to receive payment is established.

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 - Straight line over 3 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 Profit and Loss Account, 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.


IP4 LIMITED (REGISTERED NUMBER: 11455688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022 683
Additions 732
At 30 June 2023 1,415
DEPRECIATION
At 1 July 2022 683
Charge for year 244
At 30 June 2023 927
NET BOOK VALUE
At 30 June 2023 488
At 30 June 2022 -

IP4 LIMITED (REGISTERED NUMBER: 11455688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 2,010,000
NET BOOK VALUE
At 30 June 2023 2,010,000
At 30 June 2022 2,010,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2020 1,386,745
Valuation in 2021 413,255
Valuation in 2022 210,000
2,010,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,386,745 1,386,745

Investment property was valued on an open market basis on 25 July 2022 by Graham and Sibbald .

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 38,929 11,313
Other debtors 95 3,620
Prepayments 4,845 4,276
43,869 19,209

Amounts falling due after more than one year:
Other debtors more than 1 yr 284,150 -

Aggregate amounts 328,019 19,209

IP4 LIMITED (REGISTERED NUMBER: 11455688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,339 46,373
Bounce back loan - 36,929
Trade creditors 180 -
Tax 22,667 19,510
VAT 10,173 16,981
Other creditors 138,486 129,786
Directors' current accounts 78,246 79,819
Accruals and deferred income 63,246 56,918
348,337 386,316

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 38,137 47,951
Bank loans - 2-5 years 85,838 153,864
Bank loans more than 5 years
by instalments 839,864 530,747
963,839 732,562

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 839,864 530,747
839,864 530,747

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 999,178 778,935

Bank loans are secured against the property Telford Court, 9 South Avenue, Clydebank Business Park, Clydebank G81 2NR.

IP4 LIMITED (REGISTERED NUMBER: 11455688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary B £1 10 10
100 Ordinary A £1 100 100
10 Ordinary C £1 10 10
120 120

11. RELATED PARTY DISCLOSURES

Included in the other debtors balance is a balance owed from UK Hire Group. Adam Hems is the controlling shareholder of this company. The balance owed as at the 30 June 2023 is £284,150 (2022 - £3,300)