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Company Registration No. 11626068 (England and Wales)
8 IMPERIAL SQUARE LTD Unaudited accounts for the year ended 31 October 2023
8 IMPERIAL SQUARE LTD Unaudited accounts Contents
Page
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8 IMPERIAL SQUARE LTD Company Information for the year ended 31 October 2023
Directors
Ricardo James Sebastian FEARON, Josephine Kaweka GIBSON,
Company Number
11626068 (England and Wales)
Registered Office
99 MILTON KEYNES BUSINESS CENTRE FOXHUNTER DRIVE MILTON KEYNES MK14 6GD ENGLAND
Accountants
Arth Limited 655 Milton Keynes Business Centre Foxhunter Drive Milton Keynes Buckinghamshire MK14 6GD
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8 IMPERIAL SQUARE LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,609,651 
1,344,223 
Current assets
Debtors
60,700 
26,510 
Cash at bank and in hand
58,157 
91,518 
118,857 
118,028 
Creditors: amounts falling due within one year
(50,923)
(196,450)
Net current assets/(liabilities)
67,934 
(78,422)
Total assets less current liabilities
2,677,585 
1,265,801 
Creditors: amounts falling due after more than one year
(4,232,035)
(2,855,991)
Net liabilities
(1,554,450)
(1,590,190)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(1,554,650)
(1,590,390)
Shareholders' funds
(1,554,450)
(1,590,190)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by
Ricardo James Sebastian FEARON, Director Company Registration No. 11626068
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8 IMPERIAL SQUARE LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
8 IMPERIAL SQUARE LTD is a private company, limited by shares, registered in England and Wales, registration number 11626068. The registered office is 99 MILTON KEYNES BUSINESS CENTRE, FOXHUNTER DRIVE, MILTON KEYNES, MK14 6GD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15%
Fixtures & fittings
15%
Computer equipment
15%
Other tangible fixed assets
15%
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the company continues to adopt the going concern basis of accounting in preparing the financial statements. The club, open to members since March 2024, has seen a steady increase in trading income, providing strong assurance that the business will continue to thrive in the years ahead.
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8 IMPERIAL SQUARE LTD Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
1,055,711 
355,613 
- 
1,411,324 
Additions
1,144,289 
89,231 
101,880 
1,335,400 
At 31 October 2023
2,200,000 
444,844 
101,880 
2,746,724 
Depreciation
At 1 November 2022
- 
67,101 
- 
67,101 
Charge for the year
- 
64,243 
5,729 
69,972 
At 31 October 2023
- 
131,344 
5,729 
137,073 
Net book value
At 31 October 2023
2,200,000 
313,500 
96,151 
2,609,651 
At 31 October 2022
1,055,711 
288,512 
- 
1,344,223 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
30,700 
26,510 
Other debtors
30,000 
- 
60,700 
26,510 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
21,317 
- 
Taxes and social security
28,111 
(2,604)
Other creditors
- 
127,120 
Loans from directors
- 
68,759 
Accruals
1,495 
3,175 
50,923 
196,450 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
48,455 
50,000 
Other creditors
4,183,580 
2,805,991 
4,232,035 
2,855,991 
8
Average number of employees
During the year the average number of employees was 4 (2022: 2).
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