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REGISTERED NUMBER: 11261830 (England and Wales)












INDIE INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






INDIE INVESTMENTS LIMITED (REGISTERED NUMBER: 11261830)

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


INDIE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr C Neophytou
Ms M Pantelidou Neofytou





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 11261830 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

INDIE INVESTMENTS LIMITED (REGISTERED NUMBER: 11261830)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 17,472 23,296
Investment property 5 2,192,088 2,077,088
2,209,560 2,100,384

CURRENT ASSETS
Cash at bank 21,385 15,900

CREDITORS
Amounts falling due within one year 6 243,962 292,696
NET CURRENT LIABILITIES (222,577 ) (276,796 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,986,983

1,823,588

CREDITORS
Amounts falling due after more than one
year

7

(1,772,052

)

(1,762,991

)

PROVISIONS FOR LIABILITIES 9 (32,070 ) (4,344 )
NET ASSETS 182,861 56,253

CAPITAL AND RESERVES
Called up share capital 10 2,000 2,000
Fair value reserve 11 86,250 -
Retained earnings 11 94,611 54,253
SHAREHOLDERS' FUNDS 182,861 56,253

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.

INDIE INVESTMENTS LIMITED (REGISTERED NUMBER: 11261830)

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 27 October 2024 and were signed on its behalf by:





Ms M Pantelidou Neofytou - Director


INDIE INVESTMENTS LIMITED (REGISTERED NUMBER: 11261830)

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


1. STATUTORY INFORMATION

Indie 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings - 25% Reducing balance

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 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 2 (2023 - 2 ) .

INDIE INVESTMENTS LIMITED (REGISTERED NUMBER: 11261830)

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


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 41,492
DEPRECIATION
At 1 April 2023 18,196
Charge for year 5,824
At 31 March 2024 24,020
NET BOOK VALUE
At 31 March 2024 17,472
At 31 March 2023 23,296

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,077,088
Revaluations 115,000
At 31 March 2024 2,192,088
NET BOOK VALUE
At 31 March 2024 2,192,088
At 31 March 2023 2,077,088

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 115,000
Cost 2,077,088
2,192,088

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 1,257 40,559
Tax 11,180 3,729
Directors' loan account 229,561 244,789
Deferred rental income - 1,666
Accrued expenses 1,964 1,953
243,962 292,696

INDIE INVESTMENTS LIMITED (REGISTERED NUMBER: 11261830)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) - 412,324
Directors' loan account 1,772,052 1,350,667
1,772,052 1,762,991

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 250,084

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,257 40,559

Amounts falling due between one and two years:
Bank loans - 1-2 years - 40,560

Amounts falling due between two and five years:
Bank loans - 2-5 years - 121,680

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 250,084

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 32,070 4,344

Deferred
tax
£   
Balance at 1 April 2023 4,344
Provided during year 27,726
Balance at 31 March 2024 32,070

INDIE INVESTMENTS LIMITED (REGISTERED NUMBER: 11261830)

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


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
500 Ordinary B £1 1,000 1,000
1,000 Ordinary A £1 500 500
500 Ordinary C £1 500 500
2,000 2,000

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 54,253 - 54,253
Profit for the year 40,358 40,358
Fair Value Reserve - 86,250 86,250
At 31 March 2024 94,611 86,250 180,861

12. ULTIMATE CONTROLLING PARTY

The company as at the year end is not controlled by any one individual.