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REGISTERED NUMBER: 10939141 (England and Wales)
























IM2A INVESTMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






IM2A INVESTMENTS LTD (REGISTERED NUMBER: 10939141)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


IM2A INVESTMENTS LTD (REGISTERED NUMBER: 10939141)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,450 41,197
Investment property 5 812,793 786,263
843,243 827,460

CURRENT ASSETS
Debtors 6 903 1,006
Cash at bank 3,666 593
4,569 1,599
CREDITORS
Amounts falling due within one year 7 400,585 392,920
NET CURRENT LIABILITIES (396,016 ) (391,321 )
TOTAL ASSETS LESS CURRENT LIABILITIES 447,227 436,139

CREDITORS
Amounts falling due after more than one
year

8

(333,203

)

(406,470

)

PROVISIONS FOR LIABILITIES (10,826 ) -
NET ASSETS 103,198 29,669

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 103,098 29,569
103,198 29,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

IM2A INVESTMENTS LTD (REGISTERED NUMBER: 10939141)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





A Datoo - Director


IM2A INVESTMENTS LTD (REGISTERED NUMBER: 10939141)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

IM2A Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10939141

Registered office: 6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue received from rental income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

IM2A INVESTMENTS LTD (REGISTERED NUMBER: 10939141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 53,735
DEPRECIATION
At 1 January 2023 12,538
Charge for year 10,747
At 31 December 2023 23,285
NET BOOK VALUE
At 31 December 2023 30,450
At 31 December 2022 41,197

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 786,263
Revaluations 26,530
At 31 December 2023 812,793
NET BOOK VALUE
At 31 December 2023 812,793
At 31 December 2022 786,263

Flat 42, Aspect 14, Elmwood Lane, Leeds; 192 La Salle, Chadwick Street, Leeds; Apartment 2, St James Quay; 121 Roberts Wharf, Neptune Street, Leeds; 64 and 66 Queens House, 105 Queens Street, Sheffield are the investment properties.

Revaluations of the properties resulted in an increase of £26,530. The revaluations are a combination of market value and the director's opinions.

IM2A INVESTMENTS LTD (REGISTERED NUMBER: 10939141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 786,263
Valuation in 2023 26,530
812,793

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 903 1,006

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 5,568 5,568
Other creditors 395,017 387,352
400,585 392,920

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 304,599 372,299
Hire purchase contracts 28,604 34,171
333,203 406,470

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 304,599 372,299

The company has provided legal charges over Apartment 2, St James Quay, 4 Bowman Lane, Leeds; 121 Roberts Wharf, Neptune Street, Leeds; 64 and 66 Queens House, 105 Queens Street, Sheffield to secure the mortgages. Each loan is interest only and for a 25 year term.

10. ULTIMATE CONTROLLING PARTY

The controlling party is A Datoo.