Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false1falsetrueNo description of principal activity2023-01-011falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13576786 2023-01-01 2023-12-31 13576786 2021-08-20 2022-12-31 13576786 2023-12-31 13576786 2022-12-31 13576786 c:Director1 2023-01-01 2023-12-31 13576786 d:CurrentFinancialInstruments 2023-12-31 13576786 d:CurrentFinancialInstruments 2022-12-31 13576786 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13576786 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13576786 d:ShareCapital 2023-12-31 13576786 d:ShareCapital 2022-12-31 13576786 d:RetainedEarningsAccumulatedLosses 2023-12-31 13576786 d:RetainedEarningsAccumulatedLosses 2022-12-31 13576786 c:FRS102 2023-01-01 2023-12-31 13576786 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13576786 c:FullAccounts 2023-01-01 2023-12-31 13576786 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13576786 2 2023-01-01 2023-12-31 13576786 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13576786









INTEGRITAS PROPERTY GROUP (IPG) NUMBER 4 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
INTEGRITAS PROPERTY GROUP (IPG) NUMBER 4 LTD
REGISTERED NUMBER: 13576786

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

  

Current assets
  

Stocks
 4 
3,268,743
410,984

Debtors: amounts falling due within one year
 5 
81,907
131,179

Cash at bank and in hand
 6 
3,641
2,218

  
3,354,291
544,381

Creditors: amounts falling due within one year
 7 
(3,793,899)
(646,114)

Net current liabilities
  
 
 
(439,608)
 
 
(101,733)

Total assets less current liabilities
  
(439,608)
(101,733)

  

Net liabilities
  
(439,608)
(101,733)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(439,609)
(101,734)

Total equity
  
(439,608)
(101,733)


Page 1

 
INTEGRITAS PROPERTY GROUP (IPG) NUMBER 4 LTD
REGISTERED NUMBER: 13576786
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M Walsh
Director

Date: 19 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
INTEGRITAS PROPERTY GROUP (IPG) NUMBER 4 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Integritas Property Group (IPG) Number 4 Ltd is a company, limited by shares. The company is incorporated in England and Wales and the address of the registered office is 29-31 Seymour Terrace,Seymour Street, Liverpool, England, L3 5PE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
INTEGRITAS PROPERTY GROUP (IPG) NUMBER 4 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 4

 
INTEGRITAS PROPERTY GROUP (IPG) NUMBER 4 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Stocks

2023
2022
£
£

Property stock
3,268,743
410,984



5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
35,000
-

Other debtors
46,907
131,179

81,907
131,179



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,641
2,218


Page 5

 
INTEGRITAS PROPERTY GROUP (IPG) NUMBER 4 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
1,707,068
-

Trade creditors
255,832
24,122

Amounts owed to group undertakings
759,682
119,845

Other creditors
1,071,317
494,847

Accruals and deferred income
-
7,300

3,793,899
646,114


The following liabilities were secured:

2023
2022
£
£



Other loans
1,707,068
-

Details of security provided:

The other loans are secured by a fixed charge over the property and a floating charge over the property and undertakings of the Company.


8.


Controlling party

The immediate and ultimate controlling party is Integritas Property Group (IPG) Limited. Its registered office is 29-31 Seymour Terrace, Seymour Street, Liverpool, L3 5PE.

 
Page 6