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Company Registration No. 04310770 (England and Wales)
Double I Limited Unaudited accounts for the year ended 31 October 2023
Double I Limited Unaudited accounts Contents
Page
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Double I Limited Company Information for the year ended 31 October 2023
Director
Ivan Izikowitz
Company Number
04310770 (England and Wales)
Registered Office
12 The Grove Finchley London N3 1QL
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Double I Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,372 
36,439 
Investment property
88,439 
84,228 
122,811 
120,667 
Current assets
Debtors
15,507 
32,071 
Cash at bank and in hand
574,493 
208,556 
590,000 
240,627 
Creditors: amounts falling due within one year
(388,265)
(27,132)
Net current assets
201,735 
213,495 
Total assets less current liabilities
324,546 
334,162 
Provisions for liabilities
Deferred tax
(2,102)
(1,505)
Net assets
322,444 
332,657 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
322,443 
332,656 
Shareholders' funds
322,444 
332,657 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 30 July 2024 and were signed on its behalf by
Ivan Izikowitz Director Company Registration No. 04310770
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Double I Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Double I Limited is a private company, limited by shares, registered in England and Wales, registration number 04310770. The registered office is 12 The Grove, Finchley, London, N3 1QL.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Depreciated on a straight line basis over 50 years
Plant & machinery
Depreciated on a straight line basis over 25 years
Computer equipment
Depreciated on a straight line basis over 3 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Double I Limited Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
27,502 
13,656 
3,556 
44,714 
Additions
- 
- 
649 
649 
Disposals
- 
(649)
- 
(649)
At 31 October 2023
27,502 
13,007 
4,205 
44,714 
Depreciation
At 1 November 2022
2,683 
2,600 
2,992 
8,275 
Charge for the year
550 
520 
997 
2,067 
At 31 October 2023
3,233 
3,120 
3,989 
10,342 
Net book value
At 31 October 2023
24,269 
9,887 
216 
34,372 
At 31 October 2022
24,819 
11,056 
564 
36,439 
5
Investment property
2023 
£ 
Fair value at 1 November 2022
84,228 
Net gain from fair value adjustments
4,211 
At 31 October 2023
88,439 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,555 
- 
Trade debtors
1,380 
(2,520)
Amounts due from group undertakings etc.
- 
17,216 
Other debtors
11,572 
17,375 
15,507 
32,071 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
4,188 
Trade creditors
637 
10,506 
Amounts owed to group undertakings and other participating interests
376,182 
- 
Taxes and social security
4,736 
9,372 
Other creditors
2,384 
3,066 
Loans from directors
4,326 
- 
388,265 
27,132 
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Double I Limited Notes to the Accounts for the year ended 31 October 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan to Director
(48)
200,000 
203,750 
(3,798)
(48)
200,000 
203,750 
(3,798)
The loan is repayable on demand and subject to interest at 2.25%
10
Transactions with related parties
At the balance sheet date the company owed £376,181 to it's parent company. This loan is interest-free and repayable on demand.
11
Controlling party
The company's immediate parent is Double I Holdings Limited, which is incorporated in the UK. The ultimate controlling party is Ivan Izikowitz
12
Average number of employees
During the year the average number of employees was 1 (2022: 3).
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