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Registered number: 07828409
Imago Developments Limited
Unaudited Financial Statements
For the Period 1 November 2022 to 31 January 2024
Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Company Information
Director Mr Nicholas Jenkins
Company Number 07828409
Registered Office 15 Bernards Close
Christchurch
BH23 2EH
Accountants Town & Forest
Chartered Accountants & Statutory Auditors
First Floor, New Barnes Mill
Cottonmill Lane
St Albans
AL1 2HA
Page 1
Page 2
Balance Sheet
Registered number: 07828409
31 January 2024 31 October 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 - 533,383
Debtors 5 9,440 33,585
Cash at bank and in hand 21,892 45,186
31,332 612,154
Creditors: Amounts Falling Due Within One Year 6 (14,087 ) (632,060 )
NET CURRENT ASSETS (LIABILITIES) 17,245 (19,906 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,245 (19,906 )
NET ASSETS/(LIABILITIES) 17,245 (19,906 )
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 17,244 (19,907 )
SHAREHOLDERS' FUNDS 17,245 (19,906)
For the period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicholas Jenkins
Director
23 September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Imago Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07828409 . The registered office is 15 Bernards Close, Christchurch, BH23 2EH.

2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The presentation currency of the financial statements is the Pound Sterling (£).
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 
As can be seen in note 9 of the full accounts, the historical cost convention has been modified as these accounts have not been prepared on a going concern basis.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of properties is recognised at the date of completion.
2.3. Stocks and Work in Progress
Cost of acquisitions and development of the properties, and finished goods are valued at the lower of cost and net realisable value where costs include all direct expenditure.
2.4. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.
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 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 is recognised in respect of all timing difference that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in the tax assessments in periods different from those in which they are recognised in the 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Provisions and accruals
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and the amount can be reliably estimated. Provisions are not recognised for future operating losses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2022: 1)
1 1
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4. Stocks
31 January 2024 31 October 2022
£ £
Work in progress - 533,383
5. Debtors
31 January 2024 31 October 2022
£ £
Due within one year
Prepayments and accrued income - 10,829
Other debtors - 6,774
Corporation tax recoverable assets 6,774 1,425
VAT 2,666 399
Director's loan account - 14,158
9,440 33,585
6. Creditors: Amounts Falling Due Within One Year
31 January 2024 31 October 2022
£ £
Trade creditors - 60
Bank loans and overdrafts - 474,000
Other loans - 57,205
Corporation tax 11,684 -
Other taxes and social security - 6,000
Other creditors - 71,140
Accruals and deferred income 2,307 3,233
Director's loan account 96 -
Amounts owed to associates - 20,422
14,087 632,060
7. Capital Commitments
Lloyds Bank plc holds fixed and floating charges over Imago Developments Limited. The floating charge covers all of the property or undertaking of the company. The charges also contain a negative pledge.
8. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Nicholas Jenkins 14,158 1,746 (16,000 ) - (96 )
The above loan is unsecured, interest free and repayable on demand.
9. Post Balance Sheet Events
The accounts for Imago Developments Limited for the period ended 31 January 2024 have not been prepared on a going concern basis. The company has not traded since 31 January 2024, and the director is planning on closing the company during 2025.
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