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REGISTERED NUMBER: 04542125 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

IVORYSTONE INVESTMENTS LTD

IVORYSTONE INVESTMENTS LTD (REGISTERED NUMBER: 04542125)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


IVORYSTONE INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: A E Brinner
Y Lock





SECRETARY: Y Lock





REGISTERED OFFICE: 115 Craven Park Road
Stamford Hill
London
N15 6BL





REGISTERED NUMBER: 04542125 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

IVORYSTONE INVESTMENTS LTD (REGISTERED NUMBER: 04542125)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Investment property 4 1,813,991 1,788,761

CURRENT ASSETS
Debtors 5 107,675 26,156
Cash at bank 12,115 29,167
119,790 55,323
CREDITORS
Amounts falling due within one year 6 (415,155 ) (224,551 )
NET CURRENT LIABILITIES (295,365 ) (169,228 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,518,626

1,619,533

CREDITORS
Amounts falling due after more than one
year

7

(784,344

)

(909,241

)
NET ASSETS 734,282 710,292

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 734,182 710,192
SHAREHOLDERS' FUNDS 734,282 710,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

IVORYSTONE INVESTMENTS LTD (REGISTERED NUMBER: 04542125)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





A E Brinner - Director


IVORYSTONE INVESTMENTS LTD (REGISTERED NUMBER: 04542125)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Ivorystone Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net rent receivable excluding VAT.

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 Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

IVORYSTONE INVESTMENTS LTD (REGISTERED NUMBER: 04542125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 1,788,761
Additions 25,230
At 30 September 2023 1,813,991
NET BOOK VALUE
At 30 September 2023 1,813,991
At 30 September 2022 1,788,761

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors - 3,155
Other debtors 107,675 23,001
107,675 26,156

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts (see note 8) 12,856 5,313
Taxation and social security 22,533 29,842
Other creditors 379,766 189,396
415,155 224,551

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans (see note 8) 750,000 909,241
Other creditors 34,344 -
784,344 909,241

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 750,000 870,000
Other loans more 5yrs instal 34,344 -
784,344 870,000

IVORYSTONE INVESTMENTS LTD (REGISTERED NUMBER: 04542125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. LOANS

An analysis of the maturity of loans is given below:

30.9.23 30.9.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 12,856 5,313

Amounts falling due between two and five years:
Bank loans - 2-5 years - 39,241

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 750,000 870,000
Other loans more 5yrs instal 34,344 -
784,344 870,000

.

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank overdrafts 12,856 5,313
Bank loans 750,000 909,241
762,856 914,554

The bank loans and overdrafts are secured by a first charge over the company's investment properties and bear interest at variable rates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 October 2022 710,192
Profit for the year 23,990
At 30 September 2023 734,182