IMPACT GROUP ONE LTD Filleted Accounts Cover
IMPACT GROUP ONE LTD
Company No. 07698050
Information for Filing with The Registrar
29 April 2024
IMPACT GROUP ONE LTD Directors Report Registrar
The Director presents his report and the accounts for the year ended 29 April 2024.
Principal activities
The principal activity of the company during the year under review was property consulting.
Director
The Director who served at any time during the year was as follows:
A.S. Abrams
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A.S. Abrams
Director
21 January 2025
IMPACT GROUP ONE LTD Balance Sheet Registrar
at
29 April 2024
Company No.
07698050
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
8,16949,330
Investment property
5
1,235,657136,427
Investments
6
1,112,461871,798
2,356,2871,057,555
Current assets
Debtors
7
9,888,84714,109,177
Investments
8
2,485,781-
Cash at bank and in hand
1,07618,525
12,375,70414,127,702
Creditors: Amount falling due within one year
9
(2,170,195)
(8,339,919)
Net current assets
10,205,5095,787,783
Total assets less current liabilities
12,561,7966,845,338
Net assets
12,561,7966,845,338
Capital and reserves
Called up share capital
11
Profit and loss account
11
12,561,7956,845,337
Total equity
12,561,7966,845,338
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 29 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 21 January 2025 and signed on its behalf by:
A.S. Abrams
Director
21 January 2025
IMPACT GROUP ONE LTD Notes to the Accounts Registrar
for the year ended 29 April 2024
1
General information
IMPACT GROUP ONE LTD is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 07698050
Its registered office is:
201 Haverstock Hill
Second Floor
London
NW3 4QG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
25% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
13
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 30 April 2023
82,81082,810
Additions
1,4181,418
Disposals
(64,197)
(64,197)
At 29 April 2024
20,03120,031
Depreciation
At 30 April 2023
33,48033,480
Charge for the year
4,5414,541
Disposals
(26,159)
(26,159)
At 29 April 2024
11,86211,862
Net book values
At 29 April 2024
8,1698,169
At 29 April 2023
49,330
49,330
5
Investment property
Freehold Investment Property
£
Valuation
At 30 April 2023
136,427
Additions
1,099,230
At 29 April 2024
1,235,657
6
Investments
Investment in Subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 30 April 2023
178,836
692,962
871,798
Additions
-
240,813
240,813
Disposals
(150)
-
(150)
At 29 April 2024
178,686
933,775
1,112,461
Provisions/Impairment
Net book values
At 29 April 2024
178,686
933,775
1,112,461
At 29 April 2023
178,836
692,962
871,798
7
Debtors
2024
2023
£
£
Amounts owed by group undertakings
3,120,3477,811,145
Loans to directors
170,100-
Other debtors
6,595,4596,281,110
Prepayments and accrued income
2,94116,922
9,888,84714,109,177
8
Current asset investments
2024
2023
£
£
Unlisted investments
2,485,781-
2,485,781-
9
Creditors:
amounts falling due within one year
2024
2023
£
£
Trade creditors
-961
Amounts owed to group undertakings
1,417,751
7,588,436
Taxes and social security
291,965
391,676
Other creditors
371,579272,846
Accruals and deferred income
88,90086,000
2,170,1958,339,919
10
Share Capital
1 Ordinary share of £1
11
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
12
Advances and credits to directors
2024
£
At 30 April 2023
830,388
Advanced in the period
170,100
Amounts repaid in the period
830,388
At 29 April 2024
170,100
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