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Company registration number: 4452086
Impax Developments Ltd
Unaudited filleted financial statements
31 March 2024
Impax Developments Ltd
Contents
Directors and other information
Accountant's report
Statement of financial position and notes to the financial statements
Impax Developments Ltd
Directors and other information
Directors Mr Mark Richard Axten
Mr Garry Mark Wakefield
Secretary Mark Richard Axten
Company number 4452086
Registered office Ground Floor East
30-40 Eastcheap
City of London
London
EC3M 1HD
Business address Ground Floor East
30 - 40 Eastcheap
City of London
London
EC3M 1HD
Accountant Kay Peters & Co
Ground Floor East
30-40 Eastcheap
City of London
London
EC3M 1HD
Bankers Clydesdale Bank plc
30 St. Vincent Place
Glasgow
G1 2HL
Solicitors Bentleys
Saxon House
182 Hoe Street
Walthamstow
London E17 4QH
Impax Developments Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Impax Developments Ltd
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Impax Developments Ltd for the year ended 31 March 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Impax Developments Ltd, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Impax Developments Ltd and state those matters that we have agreed to state to the board of directors of Impax Developments Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Impax Developments Ltd and its board of directors as a body for my work or for this report.
It is your duty to ensure that Impax Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Impax Developments Ltd. You consider that Impax Developments Ltd is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Impax Developments Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Kay Peters & Co
Chartered Certified Accountants
Ground Floor East
30-40 Eastcheap
City of London
London
EC3M 1HD
31 July 2024
Impax Developments Ltd
Statement of financial position
31 March 2024
2024 2023
£ £ £ £
Fixed assets 249,248 249,248
_______ _______
Current assets 315,121 356,069
Prepayments and accrued income 1,600 -
_______ _______
316,721 356,069
Creditors: amounts falling due within one year ( 105,596) ( 100,528)
_______ _______
Net current assets 211,125 255,541
_______ _______
Total assets less current liabilities 460,373 504,789
Accruals and deferred income ( 10,422) ( 14,502)
_______ _______
Net assets 449,951 490,287
_______ _______
Capital and reserves 449,951 490,287
_______ _______
Notes to the financial statements
Impax Developments Ltd
Year ended 31 March 2024
1. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Mark Richard Axten ( 22,779) ( 1,843) - ( 24,622)
Mr Garry Mark Wakefield 8,505 ( 1,843) ( 35,000) ( 28,338)
_______ _______ _______ _______
( 14,274) ( 3,686) ( 35,000) ( 52,960)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Mark Richard Axten 15,091 ( 1,870) ( 36,000) ( 22,779)
Mr Garry Mark Wakefield 46,375 ( 1,870) ( 36,000) 8,505
_______ _______ _______ _______
61,466 ( 3,740) ( 72,000) ( 14,274)
_______ _______ _______ _______
The directors' loans are unsecured and not subject to interest. There is no repayment date set at this point in time. The directors have retained the right to charge interest and set a repayment date which is solely at their discretion.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 26 July 2024 , and are signed on behalf of the board by:
Mr Mark Richard Axten Mr Garry Mark Wakefield
Director Director
Company registration number: 4452086
The company is a private company limited by shares, registered in England.