IMOLA PROPERTIES LIMITED

Company Registration Number:
11503826 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

IMOLA PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

IMOLA PROPERTIES LIMITED

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 2,025,753 2,025,753
Total fixed assets: 2,025,753 2,025,753
Current assets
Debtors:   2 2
Cash at bank and in hand: 55,370 28,812
Total current assets: 55,372 28,814
Creditors: amounts falling due within one year:   (347,624) (325,685)
Net current assets (liabilities): (292,252) (296,871)
Total assets less current liabilities: 1,733,501 1,728,882
Creditors: amounts falling due after more than one year:   (588,491) (616,268)
Total net assets (liabilities): 1,145,010 1,112,614
Capital and reserves
Called up share capital: 2 2
Share premium account: 970,000 970,000
Profit and loss account: 175,008 142,612
Shareholders funds: 1,145,010 1,112,614

The notes form part of these financial statements

IMOLA PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 April 2024
and signed on behalf of the board by:

Name: A Johal
Status: Director

The notes form part of these financial statements

IMOLA PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Land and buildings - in accordance with the property

IMOLA PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

IMOLA PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible Assets

Total
Cost £
At 01 September 2022 2,025,753
At 31 August 2023 2,025,753
Net book value
At 31 August 2023 2,025,753
At 31 August 2022 2,025,753