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REGISTERED NUMBER: 14194086 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 June 2024

for

Investment Group Properties Limited

Investment Group Properties Limited (Registered number: 14194086)






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


Investment Group Properties Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: R J Knowles





REGISTERED OFFICE: Unit 6
Sherwood Industrial Estate
Robin Hood
Wakefield
WF3 3EL





REGISTERED NUMBER: 14194086 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

Investment Group Properties Limited (Registered number: 14194086)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 799,394 334,526

CURRENT ASSETS
Debtors 5 3,081 -
Cash at bank and in hand 2,975 4
6,056 4
CREDITORS
Amounts falling due within one year 6 496,484 335,276
NET CURRENT LIABILITIES (490,428 ) (335,272 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,966

(746

)

CREDITORS
Amounts falling due after more than one year 7 (274,859 ) -

PROVISIONS FOR LIABILITIES (6,934 ) -
NET ASSETS/(LIABILITIES) 27,173 (746 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 27,169 (750 )
27,173 (746 )

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 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.

Investment Group Properties Limited (Registered number: 14194086)

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 director and authorised for issue on 21 March 2025 and were signed by:





R J Knowles - Director


Investment Group Properties Limited (Registered number: 14194086)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Investment Group Properties 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 as modified by the revaluation of certain assets.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

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).

Investment Group Properties Limited (Registered number: 14194086)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 334,526
Additions 437,132
Revaluations 27,736
At 30 June 2024 799,394
NET BOOK VALUE
At 30 June 2024 799,394
At 30 June 2023 334,526

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2023 334,526
Valuation in 2024 464,868
799,394

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 3,081 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 234 -
Taxation and social security 2,266 -
Other creditors 493,984 335,276
496,484 335,276

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 274,859 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 273,790 -

Investment Group Properties Limited (Registered number: 14194086)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. RELATED PARTY DISCLOSURES

Included within other creditors are loans from companies under the common control of the director. These loans are repayable on demand and are not interest bearing. The total of the loans at the period end date was £61,000.