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
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
8 IMPERIAL SQUARE LTD
Statement of financial position
as at 31 October 2023
Tangible assets
2,609,651
1,344,223
Cash at bank and in hand
58,157
91,518
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)
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
8 IMPERIAL SQUARE LTD
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Other tangible fixed assets
15%
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.
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
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
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
Amounts falling due within one year
Amounts due from group undertakings etc.
30,700
26,510
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
28,111
(2,604)
Loans from directors
-
68,759
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
4,183,580
2,805,991
8
Average number of employees
During the year the average number of employees was 4 (2022: 2).