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REGISTERED NUMBER: 14047109 (England and Wales)













Unaudited Financial Statements

FOR THE PERIOD

14 April 2022 to 31 March 2023

for

ILT DEVELOPMENTS LTD

ILT DEVELOPMENTS LTD (REGISTERED NUMBER: 14047109)






Contents of the Financial Statements
FOR THE PERIOD 14 APRIL 2022 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ILT DEVELOPMENTS LTD

Company Information
FOR THE PERIOD 14 APRIL 2022 TO 31 MARCH 2023







Director: Mr I M Hill





Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ





Registered number: 14047109 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

ILT DEVELOPMENTS LTD (REGISTERED NUMBER: 14047109)

Balance Sheet
31 MARCH 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 37,007
Investment property 5 5,893,312
5,930,319

CURRENT ASSETS
Debtors 6 207,604
Cash at bank 24,054
231,658
CREDITORS
Amounts falling due within one year 7 105,465
NET CURRENT ASSETS 126,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,056,512

CAPITAL AND RESERVES
Called up share capital 8 5,840,000
Retained earnings 216,512
SHAREHOLDERS' FUNDS 6,056,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 February 2024 and were signed by:





Mr I M Hill - Director


ILT DEVELOPMENTS LTD (REGISTERED NUMBER: 14047109)

Notes to the Financial Statements
FOR THE PERIOD 14 APRIL 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

Ilt Developments Ltd 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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

ILT DEVELOPMENTS LTD (REGISTERED NUMBER: 14047109)

Notes to the Financial Statements - continued
FOR THE PERIOD 14 APRIL 2022 TO 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 3,073 59,995 63,068
Disposals - (16,100 ) (16,100 )
At 31 March 2023 3,073 43,895 46,968
DEPRECIATION
Charge for period 549 9,412 9,961
At 31 March 2023 549 9,412 9,961
NET BOOK VALUE
At 31 March 2023 2,524 34,483 37,007

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 5,893,312
At 31 March 2023 5,893,312
NET BOOK VALUE
At 31 March 2023 5,893,312

The company acquired properties in the period and there have been no changes in the fair value of the properties between acquisition date and balance sheet date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 15,534
Other debtors 192,070
207,604

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 36,043
Taxation and social security 52,602
Other creditors 16,820
105,465

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
5,840,000 Ordinary £1 5,840,000

5,840,000 Ordinary shares of £1 were issued during the period.