2023-03-012024-02-292024-02-29false12458428IPBROS HOLDING 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IPBROS HOLDING LTD

Registered Number
12458428
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

IPBROS HOLDING LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

IP, Mei Shun
YUEN, Wing Sze

Registered Address

35 Pond Street
London
NW3 2PN

Registered Number

12458428 (England and Wales)
IPBROS HOLDING LTD
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3448,140447,224
448,140447,224
Current assets
Debtors335-
Cash at bank and on hand1,1651,382
1,5001,382
Creditors amounts falling due within one year(15,161)(9,824)
Net current assets (liabilities)(13,661)(8,442)
Total assets less current liabilities434,479438,782
Creditors amounts falling due after one year(427,206)(445,672)
Net assets7,273(6,890)
Capital and reserves
Profit and loss account7,273(6,890)
Shareholders' funds7,273(6,890)
The financial statements were approved and authorised for issue by the Board of Directors on 29 November 2024, and are signed on its behalf by:
IP, Mei Shun
Director
Registered Company No. 12458428
IPBROS HOLDING LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 23449,133
Additions1,997
At 29 February 24451,130
Depreciation and impairment
At 01 March 231,909
Charge for year1,081
At 29 February 242,990
Net book value
At 29 February 24448,140
At 28 February 23447,224