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
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
IMKO Premier Limited
Statement of financial position
as at 31 July 2023
Investment property
-
961,395
Cash at bank and in hand
13,687
19,632
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)
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
IMKO Premier Limited
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Fair value at 1 August 2022
961,395
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
-
Valuation at 31 July 2023
2
During the year the company acquired a 100% interest in a subsidiary, Premier House Chertsey Limited.
IMKO Premier Limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
54,097
-
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
536,100
Trade creditors
1,073
3,267
Loans from directors
41,889
369,629
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
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).