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REGISTERED NUMBER: 10651961 (England and Wales)


















IQBIX Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






IQBIX Ltd (Registered number: 10651961)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IQBIX Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr A J Hayes





REGISTERED OFFICE: Delta 606
Welton Road
Swindon
SN5 7XF





REGISTERED NUMBER: 10651961 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

IQBIX Ltd (Registered number: 10651961)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,030,928 1,030,928

CURRENT ASSETS
Debtors 5 59,407 1
Cash at bank 282,165 293,904
341,572 293,905
CREDITORS
Amounts falling due within one year 6 (61,230 ) (154,659 )
NET CURRENT ASSETS 280,342 139,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,311,270

1,170,174

PROVISIONS FOR LIABILITIES (44,772 ) (44,772 )
NET ASSETS 1,266,498 1,125,402

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 1,266,497 1,125,401
SHAREHOLDERS' FUNDS 1,266,498 1,125,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

IQBIX Ltd (Registered number: 10651961)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2024 and were signed by:





Mr A J Hayes - Director


IQBIX Ltd (Registered number: 10651961)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

IQBIX 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties are included in the balance sheet at fair value, as valued by the director. Any movements in fair value are recognised in the income statements in arriving at the profit before tax.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 1 (2023 - 1 ) .

IQBIX Ltd (Registered number: 10651961)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,030,928
NET BOOK VALUE
At 31 March 2024 1,030,928
At 31 March 2023 1,030,928

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 795,289
Valuation in 2021 86,686
Valuation in 2022 96,135
Valuation in 2023 52,818
1,030,928

If investment property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 795,288 795,288

The investment properties were valued on a fair value basis on 31 March 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 59,406 -
Other debtors 1 1
59,407 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 171 -
Taxation and social security 49,081 46,313
Other creditors 11,978 108,346
61,230 154,659

IQBIX Ltd (Registered number: 10651961)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1.00 1 1

8. RESERVES

Included within retained earnings is £190,868 which is undistributable. This amount represents the difference between the fair value at the reporting date and the cost at initial recognition of the investment property, after taking into account any relevant deferred tax liability.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr A J Hayes
Balance outstanding at start of year - 62,217
Amounts repaid - (62,217 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -