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Registered number: 13710285
St Ignatius Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13710285
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 701,918 760,344
701,918 760,344
CURRENT ASSETS
Debtors 4 2,892 2,892
Cash at bank and in hand 2,908 6,843
5,800 9,735
Creditors: Amounts Falling Due Within One Year 5 (243,141 ) (249,364 )
NET CURRENT ASSETS (LIABILITIES) (237,341 ) (239,629 )
TOTAL ASSETS LESS CURRENT LIABILITIES 464,577 520,715
Creditors: Amounts Falling Due After More Than One Year 6 (476,518 ) (476,518 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (9,948 )
NET (LIABILITIES)/ASSETS (11,941 ) 34,249
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (12,041 ) 34,149
SHAREHOLDERS' FUNDS (11,941) 34,249
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Page 2
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Pelle
Director
19/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director's who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight line
1.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property is based on director's valuations and has not been based on a valuation by an independent valuer with a professional qualification. No depreciation is provided for. 
Changes in fair value are recognised in the profit and loss account. 
1.6. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
1.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2022: 1)
1 1
3. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 November 2022 758,000 3,125 761,125
Additions 1,755 473 2,228
Revaluation (59,755) - (59,755 )
As at 31 October 2023 700,000 3,598 703,598
...CONTINUED
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Depreciation
As at 1 November 2022 - 781 781
Provided during the period - 899 899
As at 31 October 2023 - 1,680 1,680
Net Book Value
As at 31 October 2023 700,000 1,918 701,918
As at 1 November 2022 758,000 2,344 760,344
4. Debtors
2023 2022
£ £
Due within one year
Other debtors 2,892 2,892
2,892 2,892
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 3,243 2,792
Accruals and deferred income 984 2,137
Director's loan account 238,914 244,435
243,141 249,364
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 476,518 476,518
476,518 476,518
7. Secured Creditors
Of the creditors falling due after more than one year the following amount is secured by a fixed charge over the investment properties. The mortgages are interest only with terms of 35 years.
2023 2022
£ £
Bank loans and overdrafts 476,518 476,518
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. General Information
St Ignatius Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13710285 . The registered office is 1 Derwent Business Centre, Clarke Street , Derby, DE1 2BU.
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