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REGISTERED NUMBER: 07158273 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

IFAPPS LIMITED

IFAPPS LIMITED (REGISTERED NUMBER: 07158273)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

IFAPPS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr S D Martin-Redman
Mr J H Martin-Redman





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 07158273 (England and Wales)

IFAPPS LIMITED (REGISTERED NUMBER: 07158273)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 582,246 582,246
Tangible assets 5 - -
582,246 582,246

CREDITORS
Amounts falling due within one year 6 391,997 391,997
NET CURRENT LIABILITIES (391,997 ) (391,997 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,249

190,249

PROVISIONS FOR LIABILITIES 101,273 101,273
NET ASSETS 88,976 88,976

CAPITAL AND RESERVES
Called up share capital 7 12,347 12,347
Share premium 211,111 211,111
Fair value reserve 494,454 494,454
Retained earnings (628,936 ) (628,936 )
SHAREHOLDERS' FUNDS 88,976 88,976

The company is entitled to exemption from audit under Section 480 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.

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 14 November 2024 and were signed on its behalf by:





Mr J H Martin-Redman - Director


IFAPPS LIMITED (REGISTERED NUMBER: 07158273)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

IFAPPS 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS

Intangible Assets are to be amortised at the following rate:

Development Costs - 10% on Cost

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 894
DEPRECIATION
At 1 April 2023
and 31 March 2024 894
NET BOOK VALUE
At 31 March 2024 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors (1 ) (1 )
Other creditors 391,998 391,998
391,997 391,997

IFAPPS LIMITED (REGISTERED NUMBER: 07158273)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 B Ordinary £1 1 1

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
12,346 Share capital 1 £1 12,346 12,346

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the directors an amount of £390,078 (2022: £390,078). The amount is interest free and repayable on demand.