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REGISTERED NUMBER: 02739550 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

IHC LIMITED

IHC LIMITED (REGISTERED NUMBER: 02739550)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IHC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: N J Lipczynski
M D Satchell





REGISTERED OFFICE: 1-2 Bolt Court
London
EC4A 3DQ





REGISTERED NUMBER: 02739550 (England and Wales)





ACCOUNTANTS: Goddard & Co
Chartered Accountants
3 Church Street
Odiham, Hook
Hampshire
RG29 1LU

IHC LIMITED (REGISTERED NUMBER: 02739550)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,468 119,330

CURRENT ASSETS
Debtors 5 862,903 852,176
Cash at bank 1,446,052 1,104,577
2,308,955 1,956,753
CREDITORS
Amounts falling due within one year 6 2,030,056 1,529,936
NET CURRENT ASSETS 278,899 426,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,367

546,147

CREDITORS
Amounts falling due after more than one year 7 86,609 96,828
NET ASSETS 295,758 449,319

CAPITAL AND RESERVES
Called up share capital 40,850 40,850
Retained earnings 254,908 408,469
SHAREHOLDERS' FUNDS 295,758 449,319

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 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.

IHC LIMITED (REGISTERED NUMBER: 02739550)

BALANCE SHEET - continued
30 JUNE 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 by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





N J Lipczynski - Director


IHC LIMITED (REGISTERED NUMBER: 02739550)

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

1. STATUTORY INFORMATION

IHC 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 represents commissions receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 20% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 479,304
Additions 17,447
At 30 June 2024 496,751
DEPRECIATION
At 1 July 2023 359,974
Charge for year 33,309
At 30 June 2024 393,283
NET BOOK VALUE
At 30 June 2024 103,468
At 30 June 2023 119,330

IHC LIMITED (REGISTERED NUMBER: 02739550)

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

4. TANGIBLE FIXED ASSETS - continued


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 173,921 185,604
Other debtors 688,982 666,572
862,903 852,176

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 58,731 9,732
Trade creditors 615,552 587,339
Taxation and social security 536,969 548,325
Other creditors 818,804 384,540
2,030,056 1,529,936

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,609 21,828
Other creditors 75,000 75,000
86,609 96,828

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Subordinated loan 75,000 75,000

The subordinated loan has been made by Mr N Lipczynski to satisfy the capital adequacy requirements of the Financial Services Authority. It carries interest at 3% above the Royal Bank of Scotland base rate.

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 48,755 -

The bank overdraft is secured by the personal guarantee of Mr N J Lipczynski in the amount of £200,000.

IHC LIMITED (REGISTERED NUMBER: 02739550)

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

9. OTHER FINANCIAL COMMITMENTS

The company had financial commitments at the balance sheet date of £426,609 (2023 £516,744).