Registered Number:12306530 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2023
Ivy Rose Investments Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Ivy Rose Investments Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
-
414
2
1
58,000
3
58,000
415
Trade and other receivables |
41,012
103,371
4
266,776
Cash and cash equivalents |
469,023
572,394
307,788
Trade and other payables: amounts falling due within one |
year |
(60,789)
(98,121)
6
246,999
474,273
Net current assets
Total assets less current liabilities |
532,273
247,414
532,273
Net assets
247,414
2
2
532,271
247,412
532,273
247,414
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 29 July 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 November 2023
Ivy Rose Investments Ltd
Notes to the Financial Statements
Statutory Information
Ivy Rose Investments Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 12306530. |
Grand Union Works
Whilton Locks
Daventry
NN11 2NH
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
2. Property, plant and equipment |
1,240
1,240
Provision for depreciation and impairment |
826
Charge for year
414
1,240
-
414
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For the year ended 30 November 2023
Ivy Rose Investments Ltd
Notes to the Financial Statements Continued
3. Investments held as fixed assets |
Shares in group and participating interests |
1
1
58,000
58,000
(1)
(1)
58,000
58,000
58,000
58,000
1
1
Investments are held at cost less impairment.
4. Trade and other receivables |
2022
2023
10,181
11,012
93,190
30,000
41,012
103,371
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For the year ended 30 November 2023
Ivy Rose Investments Ltd
Notes to the Financial Statements Continued
5. Financial instruments at fair value |
The company has elected to apply the provisions of Setion 11 "Basic Financial Instruments" and Section 12 "Other |
Financial Instruments Issues" of FRS 102 to all of its financial instruments. Financial instruments are recognised in |
the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is |
a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to |
realise the asset and settle the liability simultaneously. |
Basic finncial assets, which include debtors and cash and bank balances, are initially measured at transaction price |
including transaction costs and are subsequently carried at amortised cost using the effective interest method |
unless the arrangement constitues and financing transaction, where the transaction is measured at present value of |
the future receipts discounted at a market rate of interest. |
Financial assets classified as receivable within one year are not amortised. |
Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements |
entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company |
after deducting all of its liabilities. |
Basic financial liabilities |
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares |
that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a |
financing transaction, where the debt instrument is measured at the present value of future payments discounted at |
a market rate of interest. |
Financial liabilities classified as payable within one year are not amortised. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
6. Trade and other payables: amounts falling due within one year |
2022
2023
28
3,283
Taxation and social security |
72,517
57,506
25,576
-
98,121
60,789
7. Related party transactions |
At the balance sheet date, the directors were owed jointy £25,576 (2022 - NIL). The loan is interest free and |
repayable on demand. |
At the balance sheet date, the company was owed £93,190 (2022 - £30,000) by a company in which one of the |
directors is a shareholder and director of. Interest is charged at market rate and the loan is repayable on demand. |
8. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
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For the year ended 30 November 2023
Ivy Rose Investments Ltd
Notes to the Financial Statements Continued
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