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REGISTERED NUMBER: 09401136 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

INBAR LTD

INBAR LTD (REGISTERED NUMBER: 09401136)

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


INBAR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr G Georgallis





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 09401136 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

INBAR LTD (REGISTERED NUMBER: 09401136)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 20,760,716 21,550,716

CURRENT ASSETS
Debtors 5 91,476 43,996
Cash at bank 328,284 64,638
419,760 108,634
CREDITORS
Amounts falling due within one year 6 7,783,090 8,028,723
NET CURRENT LIABILITIES (7,363,330 ) (7,920,089 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,397,386

13,630,627

CREDITORS
Amounts falling due after more than one
year

7

10,960,594

11,317,000
NET ASSETS 2,436,792 2,313,627

CAPITAL AND RESERVES
Called up share capital 8 2,300,001 2,300,001
Retained earnings 136,791 13,626
SHAREHOLDERS' FUNDS 2,436,792 2,313,627

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.

INBAR LTD (REGISTERED NUMBER: 09401136)

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 1 October 2024 and were signed by:





Mr G Georgallis - Director


INBAR LTD (REGISTERED NUMBER: 09401136)

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


1. STATUTORY INFORMATION

Inbar 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.

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 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2023 21,550,716
Disposals (790,000 )
At 31 March 2024 20,760,716
NET BOOK VALUE
At 31 March 2024 20,760,716
At 31 March 2023 21,550,716

INBAR LTD (REGISTERED NUMBER: 09401136)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Debtors 91,476 43,996

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans 7,728,923 8,017,923
Tax 42,167 -
Accrued expenses 12,000 10,800
7,783,090 8,028,723

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans more than 5 yrs
payable by instalments 10,960,594 11,317,000
10,960,594 11,317,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 yrs
payable by instalments 10,960,594 11,317,000
10,960,594 11,317,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2,300,001 Ordinary share capital 1 2,300,001 2,300,001