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REGISTERED NUMBER: 03444049 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

IBEX INVESTMENTS LIMITED

IBEX INVESTMENTS LIMITED (REGISTERED NUMBER: 03444049)






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

Chartered accountants' report 7

IBEX INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr S Hussein
Mrs A W Hussein
Mr Z Hussein





SECRETARY: Mrs A W Hussein





REGISTERED OFFICE: Suite LU.231
The Light Bulb
1 Filament Walk
Wandsworth
London
SW18 4GQ





REGISTERED NUMBER: 03444049 (England and Wales)





ACCOUNTANTS: Z group
Suite LU.231
The Light Bulb
1 Filament Walk
Wandsworth
London
SW18 4GQ

IBEX INVESTMENTS LIMITED (REGISTERED NUMBER: 03444049)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,173 82,024
Investment property 5 8,061,220 7,272,804
8,123,393 7,354,828

CURRENT ASSETS
Debtors 6 533,349 551,495
Cash at bank 396,710 327,659
930,059 879,154
CREDITORS
Amounts falling due within one year 7 277,996 187,632
NET CURRENT ASSETS 652,063 691,522
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,775,456

8,046,350

CREDITORS
Amounts falling due after more than one
year

8

2,220,712

1,783,915
NET ASSETS 6,554,744 6,262,435

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 6,553,744 6,261,435
SHAREHOLDERS' FUNDS 6,554,744 6,262,435

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 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.

IBEX INVESTMENTS LIMITED (REGISTERED NUMBER: 03444049)

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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Mr S Hussein - Director


IBEX INVESTMENTS LIMITED (REGISTERED NUMBER: 03444049)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Ibex Investments Limited 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.

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

Turnover represents net invoiced of sales and rent excluding value added tax.

TANGIBLE FIXED ASSETS
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

INVESTMENT PROPERTY
Investment properties are shown at the 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

IBEX INVESTMENTS LIMITED (REGISTERED NUMBER: 03444049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 100,749
Additions 699
At 31 March 2024 101,448
DEPRECIATION
At 1 April 2023 18,725
Charge for year 20,550
At 31 March 2024 39,275
NET BOOK VALUE
At 31 March 2024 62,173
At 31 March 2023 82,024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 7,272,804
Additions 788,416
At 31 March 2024 8,061,220
NET BOOK VALUE
At 31 March 2024 8,061,220
At 31 March 2023 7,272,804

The directors conducted a fair value assessment of the investment properties at the balance sheet date and concluding that the fair value is closely aligned with the carrying value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 20,982 12,051
Other debtors 512,367 539,444
533,349 551,495

IBEX INVESTMENTS LIMITED (REGISTERED NUMBER: 03444049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 28,593 26,822
Taxation and social security 97,048 41,397
Other creditors 152,355 119,413
277,996 187,632

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.2431.3.23
££
Building society & bank loans1,025,000999,975
Shareholder's loans1,195,712783,940
2,220,7121,783,915
The shareholders loan are interest free and there is no fixed date of repayment.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
IBEX INVESTMENTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ibex Investments Limited for the year ended 31 March 2024 which comprise the Income statement, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ibex Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ibex Investments Limited and state those matters that we have agreed to state to the Board of Directors of Ibex Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ibex Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ibex Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ibex Investments Limited. You consider that Ibex Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ibex Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Z group
Suite LU.231
The Light Bulb
1 Filament Walk
Wandsworth
London
SW18 4GQ


Date: .............................................