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REGISTERED NUMBER: 14990659 (England and Wales)















Unaudited Financial Statements

for the Period 10 July 2023 to 31 July 2024

for

Ivy Group Holdings Ltd

Ivy Group Holdings Ltd (Registered number: 14990659)

Contents of the Financial Statements
for the Period 10 July 2023 to 31 July 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ivy Group Holdings Ltd

Company Information
for the Period 10 July 2023 to 31 July 2024







DIRECTORS: R S Winchle
C E Winchle





REGISTERED OFFICE: 14 Wheatstone Court
Quedgeley
Gloucester
GL2 2AQ





REGISTERED NUMBER: 14990659 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

Ivy Group Holdings Ltd (Registered number: 14990659)

Statement of Financial Position
31 July 2024

Notes £    £   
FIXED ASSETS
Investments 4 2
Investment property 5 400,000
400,002

CURRENT ASSETS
Debtors 6 120,408
Cash at bank 12,393
132,801
CREDITORS
Amounts falling due within one year 7 15,101
NET CURRENT ASSETS 117,700
TOTAL ASSETS LESS CURRENT
LIABILITIES

517,702

CREDITORS
Amounts falling due after more than one
year

8

(242,980

)

PROVISIONS FOR LIABILITIES (8,468 )
NET ASSETS 266,254

CAPITAL AND RESERVES
Called up share capital 10 2
Fair value reserve 25,403
Retained earnings 240,849
SHAREHOLDERS' FUNDS 266,254

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 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.

Ivy Group Holdings Ltd (Registered number: 14990659)

Statement of Financial Position - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:




C E Winchle - Director



R S Winchle - Director


Ivy Group Holdings Ltd (Registered number: 14990659)

Notes to the Financial Statements
for the Period 10 July 2023 to 31 July 2024


1. STATUTORY INFORMATION

Ivy Group Holdings 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.

Preparation of consolidated financial statements
The financial statements contain information about Ivy Group Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

Ivy Group Holdings Ltd (Registered number: 14990659)

Notes to the Financial Statements - continued
for the Period 10 July 2023 to 31 July 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
Additions 2
At 31 July 2024 2
Net book value
At 31 July 2024 2

5. INVESTMENT PROPERTY
Total
£   
Fair value
Additions 366,129
Revaluations 33,871
At 31 July 2024 400,000
Net book value
At 31 July 2024 400,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 33,871
Cost 366,129
400,000

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

£   
Cost 366,129

The investment property was valued on an open market basis on 31 July 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 120,408

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 10,297
Taxation and social security 3,604
Other creditors 1,200
15,101

Ivy Group Holdings Ltd (Registered number: 14990659)

Notes to the Financial Statements - continued
for the Period 10 July 2023 to 31 July 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 242,980

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 192,559

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 253,277

National Westminster Bank Plc hold a fixed charge over the company's investment property created on 31 August 2023.

National Westminster Bank Plc also hold a fixed and floating charge over all the property or undertakings of the company created on 17 August 2023.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary £1 2

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

11. RELATED PARTY DISCLOSURES

Ivy Resource Group Ltd
Wholly owned subsidiary

During the period the company purchased 100% of the share capital of Ivy Resource Group Ltd. Ivy Resource Group Ltd has loaned funds to the company to assist with the purchase of the investment property and has received dividends from the subsidiary.

At 31 July 2024 the company is owed £120,408 by the subsidiary and this loan is interest free and has no fixed repayment terms.

The company rents the investment property to Ivy Resource Group Ltd. Rent, charged at market rate, of £40,000 was invoiced during the period.