1 August 2022 false No description of principal activity Taxfiler 2024.1 12092886business:PrivateLimitedCompanyLtd2022-08-012023-07-31 120928862022-07-31 120928862022-08-012023-07-31 12092886business:AuditExempt-NoAccountantsReport2022-08-012023-07-31 12092886business:FilletedAccounts2022-08-012023-07-31 120928862023-07-31 12092886business:Director12022-08-012023-07-31 12092886business:Director22022-08-012023-07-31 12092886business:RegisteredOffice2022-08-012023-07-31 120928862022-07-31 12092886core:WithinOneYear2023-07-31 12092886core:WithinOneYear2022-07-31 12092886core:AfterOneYear2023-07-31 12092886core:AfterOneYear2022-07-31 12092886core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12092886core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 12092886core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12092886core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 12092886core:PreviouslyStatedAmount2023-07-31 12092886core:PreviouslyStatedAmount2022-07-31 12092886business:SmallEntities2022-08-012023-07-31 12092886countries:EnglandWales2022-08-012023-07-31 12092886core:AdditionsToInvestments2023-07-31 12092886core:WithinOneYear2022-08-012023-07-31 12092886business:OrdinaryShareClass12022-08-012023-07-31 12092886business:OrdinaryShareClass12021-08-012022-07-31 120928862021-08-012022-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12092886 (England and Wales)
IMKO Premier Limited Unaudited accounts for the year ended 31 July 2023
IMKO Premier Limited Unaudited accounts Contents
Page
- 2 -
IMKO Premier Limited Company Information for the year ended 31 July 2023
Directors
Colette Delaney-Smith Mykola Kachmar
Company Number
12092886 (England and Wales)
Registered Office
Unit 11, Worton Court Worton Hall Industrial Estate Isleworth United Kingdom TW7 6ER United Kingdom
Accountants
CP Finance Unit 11, Worton Court Worton Hall Ind Estate Worton Road Isleworth Middlesex TW7 6ER
- 3 -
IMKO Premier Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
- 
961,395 
Investments
2 
- 
2 
961,395 
Current assets
Debtors
58,794 
2,531 
Cash at bank and in hand
13,687 
19,632 
72,481 
22,163 
Creditors: amounts falling due within one year
(52,962)
(968,271)
Net current assets/(liabilities)
19,519 
(946,108)
Total assets less current liabilities
19,521 
15,287 
Creditors: amounts falling due after more than one year
(20,000)
(29,733)
Net liabilities
(479)
(14,446)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(489)
(14,456)
Shareholders' funds
(479)
(14,446)
For the year ending 31 July 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 4 March 2024 and were signed on its behalf by
Mykola Kachmar Director Company Registration No. 12092886
- 4 -
IMKO Premier Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
IMKO Premier Limited is a private company, limited by shares, registered in England and Wales, registration number 12092886. The registered office is Unit 11, Worton Court, Worton Hall Industrial Estate, Isleworth, United Kingdom, TW7 6ER, United Kingdom.
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2023 
£ 
Fair value at 1 August 2022
961,395 
Disposals
(961,395)
At 31 July 2023
- 
During previous years the company completed a development of 9 flats, 3 were sold with one left to be sold and 5 were rented out. The build cost of these rented flats was £961,395 and the directors believe this is a fair value for the properties. During the year these properties were transferred to a subsidiary company.
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 August 2022
- 
Additions
2 
Valuation at 31 July 2023
2 
During the year the company acquired a 100% interest in a subsidiary, Premier House Chertsey Limited.
- 5 -
IMKO Premier Limited Notes to the Accounts for the year ended 31 July 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,166 
- 
Amounts due from group undertakings etc.
54,097 
- 
Other debtors
2,531 
2,531 
58,794 
2,531 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
536,100 
Trade creditors
1,073 
3,267 
Other creditors
- 
59,275 
Loans from directors
41,889 
369,629 
52,962 
968,271 
Creditors includes a mortgage of £nil (2022 : £525,000) secured against the company property investment assets, interest only but payable on demand.
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,000 
29,733 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
10
Transactions with related parties
The development of the project was undertaken by IMKO Ltd a company which M Kachmar owns. At the year end the company was owed £nil (2022 : £59,562).
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -