IRIS Accounts Production v24.3.2.46 10258568 director 1.7.23 30.6.24 30.6.24 0 false true false false true false Fair value model Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102585682023-06-30102585682024-06-30102585682023-07-012024-06-30102585682022-06-30102585682022-07-012023-06-30102585682023-06-3010258568ns15:EnglandWales2023-07-012024-06-3010258568ns14:PoundSterling2023-07-012024-06-3010258568ns10:Director12023-07-012024-06-3010258568ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3010258568ns10:SmallEntities2023-07-012024-06-3010258568ns10:AuditExemptWithAccountantsReport2023-07-012024-06-3010258568ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3010258568ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3010258568ns10:FullAccounts2023-07-012024-06-3010258568ns10:OrdinaryShareClass12023-07-012024-06-3010258568ns10:RegisteredOffice2023-07-012024-06-3010258568ns5:CurrentFinancialInstruments2024-06-3010258568ns5:CurrentFinancialInstruments2023-06-3010258568ns5:ShareCapital2024-06-3010258568ns5:ShareCapital2023-06-3010258568ns5:RevaluationReserve2024-06-3010258568ns5:RevaluationReserve2023-06-3010258568ns5:RetainedEarningsAccumulatedLosses2024-06-3010258568ns5:RetainedEarningsAccumulatedLosses2023-06-3010258568ns10:OrdinaryShareClass12024-06-3010258568ns5:RetainedEarningsAccumulatedLosses2023-06-3010258568ns5:RevaluationReserve2023-06-3010258568ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 10258568 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

IPD INVESTMENTS LIMITED

IPD INVESTMENTS LIMITED (REGISTERED NUMBER: 10258568)






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




Page

Company Information 1

Report of the Director 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


IPD INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Dr I D Simoes





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 10258568 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

IPD INVESTMENTS LIMITED (REGISTERED NUMBER: 10258568)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 JUNE 2024

The director presents her report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property investment and rental of residential properties.

DIRECTOR
Dr I D Simoes held office during the whole of the period from 1 July 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Dr I D Simoes - Director


4 February 2025

IPD INVESTMENTS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
IPD INVESTMENTS LIMITED


In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at year ended 30 June 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ


4 February 2025

IPD INVESTMENTS LIMITED (REGISTERED NUMBER: 10258568)

INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024

30.6.24 30.6.23
£    £   

TURNOVER 8,325 2,944

Administrative expenses 5,698 3,923
OPERATING PROFIT/(LOSS) 2,627 (979 )

Interest receivable and similar income - 3,595
PROFIT BEFORE TAXATION 2,627 2,616

Tax on profit 499 497
PROFIT FOR THE FINANCIAL YEAR 2,128 2,119

IPD INVESTMENTS LIMITED (REGISTERED NUMBER: 10258568)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 62,491 62,491

CURRENT ASSETS
Debtors 5 1,553 -
Investments 6 47,747 48,647
Cash at bank 39,028 47,382
88,328 96,029
CREDITORS
Amounts falling due within one year 7 108,161 115,990
NET CURRENT LIABILITIES (19,833 ) (19,961 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,658

42,530

PROVISIONS FOR LIABILITIES 3,800 3,800
NET ASSETS 38,858 38,730

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 16,200 16,200
Retained earnings 9 22,558 22,430
SHAREHOLDERS' FUNDS 38,858 38,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 4 February 2025 and were signed by:




Dr I D Simoes - Director


IPD INVESTMENTS LIMITED (REGISTERED NUMBER: 10258568)

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

1. STATUTORY INFORMATION

Ipd Investments 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - NIL ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 62,491
NET BOOK VALUE
At 30 June 2024 62,491
At 30 June 2023 62,491

IPD INVESTMENTS LIMITED (REGISTERED NUMBER: 10258568)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,553 -

6. CURRENT ASSET INVESTMENTS
30.6.24 30.6.23
£    £   
Current asset investments 47,747 48,647

Repayments on the loan to M2 Status Limited of £45,000 at 12% per annum interest started on 14 February 2022.

The interest is payable on maturity of the loan, interest has been accrued until the end of the financial year of these annual accounts. Accrued interest in included in the profit & loss account.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Corporation tax 499 497
Director's current account 105,813 113,813
Accruals and deferred income 1,849 1,680
108,161 115,990

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary shares £1 100 100

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2023 22,430 16,200 38,630
Profit for the year 2,128 2,128
Dividends (2,000 ) (2,000 )
At 30 June 2024 22,558 16,200 38,758

10. RELATED PARTY DISCLOSURES

At the balance sheet date, included within creditors due within one year, is an amount of £105,813 (2023: £113,813) owed to the director I D Simoes. This loan is interest free, of no fixed term and repayable on demand.

The controlling party is the company director by virtue of her shareholding.