REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2024 |
for |
IPI Ventures Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2024 |
for |
IPI Ventures Limited |
IPI Ventures Limited (Registered number: 07966279) |
Contents of the Financial Statements |
for the Year Ended 30 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 | to | 4 |
IPI Ventures Limited |
Company Information |
for the Year Ended 30 April 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
IPI Ventures Limited (Registered number: 07966279) |
Balance Sheet |
30 April 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 Board of Directors and authorised for issue on |
IPI Ventures Limited (Registered number: 07966279) |
Notes to the Financial Statements |
for the Year Ended 30 April 2024 |
1. | STATUTORY INFORMATION |
IPI Ventures Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Fixed assets |
All fixed assets are initially recorded at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 May 2023 |
and 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary A | 1 | 80 | 80 |
Ordinary B | 1 | 20 | 20 |
100 | 100 |
7. | RELATED PARTY DISCLOSURES |
During the year, there was interest receivable of £- (2023: £1,656) from Zest Ventures Ltd in respect of an unsecured loan that was repaid during 2023. Mr R Boughton and Mr M Boughton are directors of Zest Ventures Ltd and control Zest Ventures Ltd by reason of their shareholdings in Zest Ventures Ltd's parent company Zest Ventures Holdings Ltd. The interest rate was that of a secured loan advanced by a commercial bank. |
IPI Ventures Limited (Registered number: 07966279) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
8. | ULTIMATE CONTROLLING PARTY |
The company is controlled by Mr R Boughton and Mr M Boughton by virtue of their shareholdings. |