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REGISTERED NUMBER: 10025555 (England and Wales)




















Financial Statements

for the Year Ended 31 December 2023

for

IG PROPERTY INTERNATIONAL LTD

IG PROPERTY INTERNATIONAL LTD (REGISTERED NUMBER: 10025555)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IG PROPERTY INTERNATIONAL LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: I Gramson





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 10025555 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

IG PROPERTY INTERNATIONAL LTD (REGISTERED NUMBER: 10025555)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 11
Investment property 6 175,000 174,000
175,000 174,011

CURRENT ASSETS
Debtors 7 2,705 18,527
Cash at bank 2,758 3,408
5,463 21,935
CREDITORS
Amounts falling due within one year 8 (237,733 ) (239,471 )
NET CURRENT LIABILITIES (232,270 ) (217,536 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(57,270

)

(43,525

)

PROVISIONS FOR LIABILITIES (3,253 ) (8,649 )
NET LIABILITIES (60,523 ) (52,174 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (60,623 ) (52,274 )
SHAREHOLDERS' FUNDS (60,523 ) (52,174 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

IG PROPERTY INTERNATIONAL LTD (REGISTERED NUMBER: 10025555)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 25 September 2024 and were signed by:





I Gramson - Director


IG PROPERTY INTERNATIONAL LTD (REGISTERED NUMBER: 10025555)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

IG Property International 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 as modified by the revaluation of certain assets.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business Know How are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - Straight line over 3 years

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.

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.

IG PROPERTY INTERNATIONAL LTD (REGISTERED NUMBER: 10025555)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 18,035
AMORTISATION
At 1 January 2023
and 31 December 2023 18,035
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 5,138 681 5,819
DEPRECIATION
At 1 January 2023 5,127 681 5,808
Charge for year 11 - 11
At 31 December 2023 5,138 681 5,819
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 11 - 11

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 174,000
Revaluations 1,000
At 31 December 2023 175,000
NET BOOK VALUE
At 31 December 2023 175,000
At 31 December 2022 174,000

IG PROPERTY INTERNATIONAL LTD (REGISTERED NUMBER: 10025555)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2019 (25,136 )
Valuation in 2022 37,418
Valuation in 2023 1,000
Cost 161,718
175,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 722 16,759
Other debtors 1,983 1,768
2,705 18,527

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 8,809 9,232
Other creditors 228,924 230,239
237,733 239,471

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2023 (52,274 )
Deficit for the year (8,349 )
At 31 December 2023 (60,623 )

Reserves include £13,868 which is not distributable. This relates to the unrealised revaluation of an investment property and the deferred tax effect.

11. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.