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REGISTERED NUMBER: SC175590 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Ivory & Company Limited

Ivory & Company Limited (Registered number: SC175590)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ivory & Company Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J Ivory
W J Ivory
M M I Bastille



SECRETARY: Turcan Connell Company Secretaries Ltd



REGISTERED OFFICE: c/o Turcan Connell
Princes Exchange
1 Earl Grey Street
Edinburgh
EH3 9EE



REGISTERED NUMBER: SC175590 (Scotland)



ACCOUNTANTS: Jeffrey Crawford & Co
Chartered Accountants
25 Castle Terrace
Edinburgh
EH1 2ER



BANKERS: Coutts & Co
440 Strand
London
WC2R 0QS



SOLICITORS: Turcan Connell
Princes Exchange
1 Earl Grey Street
Edinburgh
EH3 9EE

Ivory & Company Limited (Registered number: SC175590)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 435,712 394,235

CURRENT ASSETS
Debtors 5 5,231 5,155
Cash at bank 70,623 77,474
75,854 82,629
CREDITORS
Amounts falling due within one year 6 2,821 2,641
NET CURRENT ASSETS 73,033 79,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

508,745

474,223

CAPITAL AND RESERVES
Called up share capital 1,110 1,110
Share premium 7 349,010 349,010
Revaluation reserve 7 (70,017 ) (111,494 )
Retained earnings 7 228,642 235,597
SHAREHOLDERS' FUNDS 508,745 474,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 15 November 2024 and were signed on its behalf by:





J Ivory - Director


Ivory & Company Limited (Registered number: SC175590)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Ivory & Company Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
Preparing the financial statements may require the trustees to make significant judgements and estimates. There were no items in the financial statements where these judgements and estimates were required.

Turnover
Turnover represents investment income receivable for the period.

Financial instruments
Other than fixed asset investments the company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like accounts receivable and payable. These are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

Investments
Listed investments are shown at their open market value. The gain or loss arising from the annual revaluation is recognised in the profit and loss account for the year.

3. EMPLOYEES AND DIRECTORS

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

Ivory & Company Limited (Registered number: SC175590)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 May 2023 394,235
Revaluations 41,477
At 30 April 2024 435,712
NET BOOK VALUE
At 30 April 2024 435,712
At 30 April 2023 394,235

Fixed asset investments consist of listed investments which are shown at market value. Net book value at 30 April 2024 is represented by:

£   
Cost 505,729
Cumulative revaluations (70,017 )
Market value 435,712

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,231 5,155

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 2,821 2,641

7. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 May 2023 235,597 349,010 (111,494 ) 473,113
Profit for the year 54,522 - - 54,522
Dividends (20,000 ) - - (20,000 )
Transfer from profit and loss
reserve on revaluation

(41,477

)

-

41,477

-

At 30 April 2024 228,642 349,010 (70,017 ) 507,635