IRIS Accounts Production v24.3.0.553 02086308 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model Ordinary £1 shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh020863082023-03-31020863082024-03-31020863082023-04-012024-03-31020863082022-03-31020863082022-04-012023-03-31020863082023-03-3102086308ns15:EnglandWales2023-04-012024-03-3102086308ns14:PoundSterling2023-04-012024-03-3102086308ns10:Director12023-04-012024-03-3102086308ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102086308ns10:SmallEntities2023-04-012024-03-3102086308ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102086308ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102086308ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102086308ns10:FullAccounts2023-04-012024-03-3102086308ns10:OrdinaryShareClass12023-04-012024-03-3102086308ns10:Director22023-04-012024-03-3102086308ns10:CompanySecretary12023-04-012024-03-3102086308ns10:RegisteredOffice2023-04-012024-03-3102086308ns5:CurrentFinancialInstruments2024-03-3102086308ns5:CurrentFinancialInstruments2023-03-3102086308ns5:ShareCapital2024-03-3102086308ns5:ShareCapital2023-03-3102086308ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3102086308ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3102086308ns5:RetainedEarningsAccumulatedLosses2024-03-3102086308ns5:RetainedEarningsAccumulatedLosses2023-03-3102086308ns5:CostValuation2024-03-3102086308ns5:CostValuation2023-03-3102086308ns5:AdditionsToInvestments2024-03-3102086308ns5:DisposalsRepaymentsInvestments2024-03-3102086308ns5:RevaluationsIncreaseDecreaseInInvestments2024-03-3102086308ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3102086308ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3102086308ns5:DeferredTaxation2023-03-3102086308ns5:DeferredTaxation2024-03-3102086308ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 02086308 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

INTERCOLLOID (UK) LIMITED

INTERCOLLOID (UK) LIMITED (REGISTERED NUMBER: 02086308)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INTERCOLLOID (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr C C Joisher
Mrs C C Joisher





SECRETARY: Mrs C C Joisher





REGISTERED OFFICE: 1 Doughty Street
London
WC1N 2PH





REGISTERED NUMBER: 02086308 (England and Wales)






INTERCOLLOID (UK) LIMITED (REGISTERED NUMBER: 02086308)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,117,342 1,029,958
Investment property 5 1,400,000 1,400,000
2,517,342 2,429,958

CURRENT ASSETS
Stocks 750,139 693,190
Debtors 6 1,796,554 1,691,502
Cash at bank 1,098,310 924,922
3,645,003 3,309,614
CREDITORS
Amounts falling due within one year 7 308,908 554,297
NET CURRENT ASSETS 3,336,095 2,755,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,853,437

5,185,275

PROVISIONS FOR LIABILITIES 8 191,000 191,000
NET ASSETS 5,662,437 4,994,275

CAPITAL AND RESERVES
Called up share capital 9 50,000 50,000
Fair value reserve 1,182,391 1,182,391
Retained earnings 4,430,046 3,761,884
SHAREHOLDERS' FUNDS 5,662,437 4,994,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 30th October 2024 and were signed on its behalf by:




Mr C C Joisher - Director


INTERCOLLOID (UK) LIMITED (REGISTERED NUMBER: 02086308)

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


1. STATUTORY INFORMATION

Intercolloid (UK) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02086308 and registered office address is 1 Doughty Street, London, WC1N 2PH.

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
Turnover is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer and when there is no continuing involvement with goods.

Transfer of risks and rewards varies depending on the delivery terms of the individual contract of sale. When the delivery is on FOB (Free on Board) or CIF (cost, insurance and freight) terms, the sale transaction is recognised when the goods are loaded onto a shipping vessel. When the shipment is on DDP or DDU basis (delivered duty paid or unpaid), the sale transaction is recognised when the goods have been delivered at their destination.

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

INTERCOLLOID (UK) LIMITED (REGISTERED NUMBER: 02086308)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Interest
in
associate Other
undertaking investments Totals
£    £    £   
COST OR VALUATION
At 1st April 2023 1 1,029,957 1,029,958
Additions - 187,309 187,309
Disposals - (152,322 ) (152,322 )
Revaluations - 52,397 52,397
At 31st March 2024 1 1,117,341 1,117,342
NET BOOK VALUE
At 31st March 2024 1 1,117,341 1,117,342
At 31st March 2023 1 1,029,957 1,029,958

The fixed assets investments comprises an investment in Sixty Eaton Rise Limited, whose principal activity is that of property investors and developers.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 1,400,000
NET BOOK VALUE
At 31st March 2024 1,400,000
At 31st March 2023 1,400,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2002 38,872
Valuation in 2003 55,480
Valuation in 2007 240,000
Valuation in 2013 3,335
Valuation in 2014 219,311
Valuation in 2015 377,354
Valuation in 2018 400,000
Cost 65,648
1,400,000

The investment property was valued by the directors at their market values.

INTERCOLLOID (UK) LIMITED (REGISTERED NUMBER: 02086308)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 590,985 538,393
Other debtors 1,205,569 1,153,109
1,796,554 1,691,502

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 103,817 137,239
Taxation and social security 187,850 176,293
Other creditors 17,241 240,765
308,908 554,297

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 191,000 191,000

Deferred
tax
£   
Balance at 1st April 2023 191,000
Balance at 31st March 2024 191,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary £1 shares 1 50,000 50,000

10. RELATED PARTY DISCLOSURES

(i) At the year-end, there was an amount of £13,241 (2023: £235,265) owed to the Director, Mr C C Joisher.
(ii) An interest free loan of £550,000 has been provided to an associate company, Devine Ealing Ltd.

11. ULTIMATE CONTROLLING PARTY


The company was controlled throughout the current and previous years by the directors and a close member of their family, who between them own 100% of the issued share capital of the company.