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REGISTERED NUMBER: 08563469 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

IMAGINATIVE PROPERTY GROUP LIMITED

IMAGINATIVE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 08563469)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


IMAGINATIVE PROPERTY GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S Corner





REGISTERED OFFICE: 4 Raleigh Walk
Brigantine Place
Cardiff
CF10 4LN





REGISTERED NUMBER: 08563469 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8RS

IMAGINATIVE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 08563469)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 350 350
Investment property 5 2,600,488 1,369,665
2,600,838 1,370,015

CURRENT ASSETS
Debtors 6 143,701 183,336
Cash at bank 23,636 25,210
167,337 208,546
CREDITORS
Amounts falling due within one year 7 (483,800 ) (160,551 )
NET CURRENT (LIABILITIES)/ASSETS (316,463 ) 47,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,284,375

1,418,010

CREDITORS
Amounts falling due after more than one
year

8

(1,329,645

)

(581,484

)
NET ASSETS 954,730 836,526

CAPITAL AND RESERVES
Called up share capital 550 550
Retained earnings 954,180 835,976
954,730 836,526

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 director acknowledges his 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.

IMAGINATIVE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 08563469)

BALANCE SHEET - continued
30 APRIL 2024


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 and authorised for issue by the director and authorised for issue on 9 January 2025 and were signed by:





S Corner - Director


IMAGINATIVE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 08563469)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Imaginative Property Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

IMAGINATIVE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 08563469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 350
NET BOOK VALUE
At 30 April 2024 350
At 30 April 2023 350

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 1,369,665
Additions 1,230,823
At 30 April 2024 2,600,488
NET BOOK VALUE
At 30 April 2024 2,600,488
At 30 April 2023 1,369,665

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 660
Amounts owed by group undertakings - 40,000
Other debtors 143,701 142,676
143,701 183,336

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 142,628 61,395
Trade creditors 7,507 7,397
Amounts owed to group undertakings 108 -
Taxation and social security 7,903 2,900
Other creditors 325,654 88,859
483,800 160,551

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,329,645 581,484

IMAGINATIVE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 08563469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 759,137 581,484