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REGISTERED NUMBER: 12360856 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

IBUILD NEWCO LTD.

IBUILD NEWCO LTD. (REGISTERED NUMBER: 12360856)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IBUILD NEWCO LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: T J White
Miss S C M Stephenson





REGISTERED OFFICE: C/O CBHC Ltd, Steeple House, Suite 3
First Floor
Church Lane
Chelmsford
Essex
CM1 1NH





REGISTERED NUMBER: 12360856 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

IBUILD NEWCO LTD. (REGISTERED NUMBER: 12360856)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
as restated
Notes £    £   
CURRENT ASSETS
Investments 4 364,000 364,000

CREDITORS
Amounts falling due within one year 5 182,788 182,788
NET CURRENT ASSETS 181,212 181,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,212

181,212

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 181,162 181,162
181,212 181,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





T J White - Director


IBUILD NEWCO LTD. (REGISTERED NUMBER: 12360856)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Ibuild Newco Ltd. 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.

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 NIL (2023 - NIL).

4. CURRENT ASSET INVESTMENTS
31/5/24 31/5/23
as restated
£    £   
Shares in group undertakings 364,000 364,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
as restated
£    £   
Amounts owed to group undertakings 182,788 182,788

IBUILD NEWCO LTD. (REGISTERED NUMBER: 12360856)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. RELATED PARTY DISCLOSURES

At the date of the balance sheet the company owed iBuild Interior Services Ltd £182,788. (2023:£182,788) A related party.

7. ULTIMATE CONTROLLING PARTY

The controlling party is T J White.