REGISTERED NUMBER: |
SOLIHULL IVY INVESTMENTS LIMITED |
Unaudited Financial Statements |
for the Period 1 August 2022 to 31 December 2023 |
REGISTERED NUMBER: |
SOLIHULL IVY INVESTMENTS LIMITED |
Unaudited Financial Statements |
for the Period 1 August 2022 to 31 December 2023 |
SOLIHULL IVY INVESTMENTS LIMITED (REGISTERED NUMBER: 12733173) |
Contents of the Financial Statements |
for the period 1 August 2022 to 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 | to | 4 |
SOLIHULL IVY INVESTMENTS LIMITED |
Company Information |
for the period 1 August 2022 to 31 December 2023 |
Director: |
Registered office: |
Registered number: |
Accountants: |
CUBO Birmingham |
4th Floor |
Two Chamberlain Square |
Birmingham |
West Midlands |
B3 3AX |
SOLIHULL IVY INVESTMENTS LIMITED (REGISTERED NUMBER: 12733173) |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investment property | 4 |
Current assets |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 5 |
Net current (liabilities)/assets | ( |
) |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Retained earnings | ( |
) |
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. |
The financial statements were approved by the director and authorised for issue on |
SOLIHULL IVY INVESTMENTS LIMITED (REGISTERED NUMBER: 12733173) |
Notes to the Financial Statements |
for the period 1 August 2022 to 31 December 2023 |
1. | Statutory information |
Solihull Ivy Investments Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Going concern |
In preparing the financial statements, the directors assess whether the use of the going concern assumption remains appropriate - i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of approval of the financial statements and have concluded that the company has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the company's ability to continue as a going concern. |
The ability of the company to continue as a going concern depends upon the continued financial support of the director. In respect of the directors loan, whilst this is technically repayable on demand and therefore shown within creditors falling due in less than one year, T S Hopkins has confirmed that he will not seek to call in for repayment of the loan currently made available for at least 12 months from the date of approval of the financial statements or until such time as cash flow allows. |
Accordingly, the financial statements have been prepared on a going concern basis. |
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 period 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 period 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 period was NIL (2022 - NIL). |
SOLIHULL IVY INVESTMENTS LIMITED (REGISTERED NUMBER: 12733173) |
Notes to the Financial Statements - continued |
for the period 1 August 2022 to 31 December 2023 |
4. | Investment property |
Total |
£ |
Fair value |
Additions |
At 31 December 2023 |
Net book value |
At 31 December 2023 |
5. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Other creditors |
6. | Related party disclosures |
The company operates a loan account with the director. As at 31 December 2023 the balance outstanding to the director was £1,200,000 (2022: £nil). |
7. | Ultimate controlling party |
The controlling party is T S Hopkins. |