Registered number
05860333
Imbert Limited
Filleted Accounts
30 June 2024
Imbert Limited
Registered number: 05860333
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 117,933 166,733
Tangible assets 4 3,250,209 3,261,299
3,368,142 3,428,032
Current assets
Debtors 5 61,837 38,824
Cash at bank and in hand 7,971 26,026
69,808 64,850
Creditors: amounts falling due within one year 6 (30,983) (51,888)
Net current assets 38,825 12,962
Total assets less current liabilities 3,406,967 3,440,994
Creditors: amounts falling due after more than one year 7 (3,474,263) (3,516,583)
Net liabilities (67,296) (75,589)
Capital and reserves
Called up share capital 800,001 800,001
Profit and loss account (867,297) (875,590)
Shareholders' funds (67,296) (75,589)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Horace Yao
Director
Approved by the board on 20 November 2024
Imbert Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. This assumption depends on the continued support from the directors of the company.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet value of the assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify the fixed assets as current assets.

The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 976,000
At 30 June 2024 976,000
Amortisation
At 1 July 2023 809,267
Provided during the year 48,800
At 30 June 2024 858,067
Net book value
At 30 June 2024 117,933
At 30 June 2023 166,733
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Freehold property Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 3,250,209 197,771 3,447,980
At 30 June 2024 3,250,209 197,771 3,447,980
Depreciation
At 1 July 2023 - 186,681 186,681
Charge for the year - 11,090 11,090
At 30 June 2024 - 197,771 197,771
Net book value
At 30 June 2024 3,250,209 - 3,250,209
At 30 June 2023 3,250,209 11,090 3,261,299
During the current financial period, the directors have assessed the value of the company's freehold property and concluded that there has been no change in its valuation. The property continues to be recorded at its existing carrying value, which is considered to fairly represent its market value as of the balance sheet date.
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 59,127 37,928
Other debtors 2,710 896
61,837 38,824
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,911 10,222
Trade creditors - 705
Taxation and social security costs 5,884 5,911
Other creditors 15,188 35,050
30,983 51,888
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,099 19,268
Amounts owed to group undertakings and undertakings in which the company has a participating interest 3,464,164 3,497,315
3,474,263 3,516,583
Amounts owed to related parties include:
Broadway Worldwide Limited 2024 - £1,439,161 (2023 - £1,439,161)
Force Power Investments Limited 2024 - £2,024,787 (2023 - £2,058,154)
8 Other information
Imbert Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 14 Lions Rest Eco Park
Station Road, Exminster
Exeter
Devon
EX6 8DZ
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