Company registration number 07945863 (England and Wales)
ILONA HOUSE INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
ILONA HOUSE INVESTMENTS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
5,476,727
5,476,727
Current assets
97,450
91,880
Prepayments and accrued income
6,049
10,698
Creditors: amounts falling due within one year
(4,546,502)
(1,798,889)
Net current liabilities
(4,443,003)
(1,696,311)
Total assets less current liabilities
1,033,724
3,780,416
Creditors: amounts falling due after more than one year
(30,149)
(2,803,703)
Net assets
1,003,575
976,713
Capital and reserves
1,003,575
976,713
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
2
Fixed Assets
Fixed assets consist of investment property held by the company. This investment property has been held at cost with no depreciation being charged.
3
Securities
As at 31 March 2024, bank loans of £2,750,000 included in creditors falling due in less than one year is secured by way of a fixed charge on all properties owned by the company.
4
Related party transactions
At 31 March 2024, the company owes £1,711,710 (2023: £1,733,048) to Ilona House Securities Limited. This loan is unsecured and interest free.
Ilona House Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, Cardinal House, 39-40 Albermarle Street, London, England, W1S 4TE.
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
ILONA HOUSE INVESTMENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 11 July 2024 and are signed on its behalf by:
Mr M Quinn
Mr H Raymond
Director
Director
Company registration number 07945863 (England and Wales)