Silverfin false true 31/01/2024 01/02/2023 31/01/2024 Mr Jonathan Manser Mrs Sarah Manser 24 January 2025 The principal activity of the Company during the financial year was that of design and construction of residential property. 08867082 2024-01-31 08867082 2023-01-31 08867082 core:CurrentFinancialInstruments 2024-01-31 08867082 core:CurrentFinancialInstruments 2023-01-31 08867082 core:ShareCapital 2024-01-31 08867082 core:ShareCapital 2023-01-31 08867082 core:RetainedEarningsAccumulatedLosses 2024-01-31 08867082 core:RetainedEarningsAccumulatedLosses 2023-01-31 08867082 bus:OrdinaryShareClass1 2024-01-31 08867082 2023-02-01 2024-01-31 08867082 bus:FilletedAccounts 2023-02-01 2024-01-31 08867082 bus:SmallEntities 2023-02-01 2024-01-31 08867082 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 08867082 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08867082 bus:Director1 2023-02-01 2024-01-31 08867082 bus:Director2 2023-02-01 2024-01-31 08867082 2022-02-01 2023-01-31 08867082 core:CurrentFinancialInstruments 2023-02-01 2024-01-31 08867082 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 08867082 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08867082 (England and Wales)

IOW DESIGN AND BUILD LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

IOW DESIGN AND BUILD LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

IOW DESIGN AND BUILD LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2024
IOW DESIGN AND BUILD LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2024
DIRECTORS Mr Jonathan Manser
Mrs Sarah Manser
REGISTERED OFFICE 1 Poultry
C/O Praxis
London
EC2R 8EJ
United Kingdom
COMPANY NUMBER 08867082 (England and Wales)
ACCOUNTANT Praxis
1 Poultry
London
EC2R 8EJ
IOW DESIGN AND BUILD LIMITED

BALANCE SHEET

As at 31 January 2024
IOW DESIGN AND BUILD LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Current assets
Stocks 3 486,786 486,786
486,786 486,786
Creditors: amounts falling due within one year 4 ( 20,688) ( 20,688)
Net current assets 466,098 466,098
Total assets less current liabilities 466,098 466,098
Net assets 466,098 466,098
Capital and reserves
Called-up share capital 5 450,000 450,000
Profit and loss account 16,098 16,098
Total shareholders' funds 466,098 466,098

IOW Design and Build Limited (registered number: 08867082) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of IOW Design and Build Limited (registered number: 08867082) were approved and authorised for issue by the Board of Directors on 24 January 2025. They were signed on its behalf by:

Mr Jonathan Manser
Director
IOW DESIGN AND BUILD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
IOW DESIGN AND BUILD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

IOW Design and Build Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Poultry, C/O Praxis, London, EC2R 8EJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Stocks

2024 2023
£ £
Work in progress 486,786 486,786

4. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 20,688 20,688

There are no amounts included above in respect of which any security has been given by the small entity.

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
450,000 ordinary shares of £ 1.00 each 450,000 450,000

6. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Loan to the company by the directors 20,688 20,688

The loan to the company by the directors (who are also shareholders) carries no interest and the directors have agreed not to demand repayment until liquid funds are available.