Imperator Group Limited |
Notes to the Accounts |
for the year ended 31 October 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
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Cost |
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At 1 November 2022 |
309,515 |
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Additions |
1 |
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At 31 October 2023 |
309,516 |
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4 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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16,921 |
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215,131 |
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5 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Bank loans and overdrafts |
- |
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44 |
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Trade creditors |
1,328 |
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1,231 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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102,576 |
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45,992 |
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Other creditors |
(307,684) |
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300 |
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(203,780) |
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47,567 |
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6 |
Loans to directors |
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Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
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S Maughan |
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Directors loan account |
200 |
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(468,692) |
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263,200 |
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(205,292) |
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M Lisgo |
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Directors loan account |
100 |
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(205,492) |
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103,000 |
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(102,392) |
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300 |
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(674,184) |
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366,200 |
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(307,684) |
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7 |
Related party transactions |
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Complete Material Handling Ltd who is owned partly by Imperator Group Ltd , loaned the company £18,361 during the year and £21,440 was repaid. The loan is interest free and repayable upon demand. The balance owed to Imperator Group Ltd as at 31 October 2023 is £4,609. |
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Imperator Developments Ltd who is owned partly by Imperator Group Ltd, loaned the company £134,439 during the year and £30,000 was repaid. The loan is interest free and repayable upon demand. The balance owed to Imperator Group Ltd as at 31 October 2023 is £400. |
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MA Utlilites Ltd who is owned by Imperator Group Ltd , loaned the company £436,850 during the year and £340,000 was repaid. The loan is interest free and repayable upon demand. The balance owed to Imperator Group Ltd as at 31 October 2023 is £9,967. |
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Xperior Ltd who is owned partly by Imperator Group Ltd , made no repayments during the year and was not loaned any additional sums. The loan is interest free and repayable upon demand. The balance owed to Imperator Group as at 31 October 2023 is £1,945. |
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G&B Civil Egineering Ltd who is owned partly by Imperator Group Ltd , loaned the company £141,000 during the year and £107,400 was repaid. The loan is interest free and repayable upon demand. The balance owed by Imperator Group Ltd as at 31 October 2023 is £79,592. |
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Imperator Consulting Ltd, who IS under similar control, loaned the company £22,984 during the year and nothing was repaid. The loan is interest free and repayable upon demand. The balance owed by Imperator Group Ltd as at 31 October 2023 is £22,984. |
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8 |
Controlling party |
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The company is controlled by its directors. |
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9 |
Other information |
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Imperator Group Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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4 High Street |
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Stanley |
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Co Durham |
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Dh9 0DQ |