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REGISTERED NUMBER: 03092065 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

IVANICA LIMITED

IVANICA LIMITED (REGISTERED NUMBER: 03092065)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IVANICA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mr Ivan Mahon





SECRETARY: Mr Ivan Mahon





REGISTERED OFFICE: 22 Richmond Avenue
LEICESTER
Leicestershire
LE2 8AX





REGISTERED NUMBER: 03092065 (England and Wales)





ACCOUNTANTS: Staffords
Chartered Accountants
Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH

IVANICA LIMITED (REGISTERED NUMBER: 03092065)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 214 1,344
Investment property 5 281,000 262,000
281,214 263,344

CURRENT ASSETS
Debtors 6 - 24
Cash at bank 71,625 66,403
71,625 66,427
CREDITORS
Amounts falling due within one year 7 3,460 2,051
NET CURRENT ASSETS 68,165 64,376
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,379

327,720

PROVISIONS FOR LIABILITIES 9 45,516 31,197
NET ASSETS 303,863 296,523

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 303,861 296,521
SHAREHOLDERS' FUNDS 303,863 296,523

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

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

IVANICA LIMITED (REGISTERED NUMBER: 03092065)

BALANCE SHEET - continued
30 SEPTEMBER 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 30 April 2024 and were signed by:





Mr Ivan Mahon - Director


IVANICA LIMITED (REGISTERED NUMBER: 03092065)

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


1. STATUTORY INFORMATION

Ivanica 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 - 25% on cost

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 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 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.

3. EMPLOYEES AND DIRECTORS

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

IVANICA LIMITED (REGISTERED NUMBER: 03092065)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2022
and 30 September 2023 8,726
DEPRECIATION
At 1 October 2022 7,382
Charge for year 1,130
At 30 September 2023 8,512
NET BOOK VALUE
At 30 September 2023 214
At 30 September 2022 1,344

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 262,000
Revaluations 19,000
At 30 September 2023 281,000
NET BOOK VALUE
At 30 September 2023 281,000
At 30 September 2022 262,000

IVANICA LIMITED (REGISTERED NUMBER: 03092065)

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


5. INVESTMENT PROPERTY - continued

Cost or valuation at 30 September 2020 is represented by:



Land and
buildings Totals
£ £
Valuation in 2023 19,000 19,000
Valuation in 2022 18,500 18,500
Valuation in 2021 8,500 8,500
Valuation in 2020 52,000 52,000
Valuation in 2019 (4,000 ) (4,000 )
Valuation in 2018 87,851 87,851
Cost 99,149 99,149

281,000 281,000

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

2023 2022
£ £
Cost 99,149 99,149

Freehold property was valued on an open market basis on 30 September 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 24

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,200 743
Other creditors 2,260 1,308
3,460 2,051

8. SECURED DEBTS

An overall charge on 22 Richmond Avenue, Leicester, LE2 8AX owned by the company exists, this relates to the other 50% owner where a mortgage exists over the property. The company has no outstanding borrowings itself in relation to its 50% share of 22 Richmond Avenue, Leicester, LE2 8AX

IVANICA LIMITED (REGISTERED NUMBER: 03092065)

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


9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 45,516 31,197

Deferred
tax
£   
Balance at 1 October 2022 31,197
Provided during year 14,319
Provision released
Balance at 30 September 2023 45,516

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

11. RELATED PARTY DISCLOSURES

There are no material related party transactions which were not concluded under normal market conditions.