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REGISTERED NUMBER: 04779231 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

INDEPENDENT INVESTMENTS LIMITED

INDEPENDENT INVESTMENTS LIMITED (REGISTERED NUMBER: 04779231)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INDEPENDENT INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: N D MacKenzie
A MacKenzie





SECRETARY: A MacKenzie





REGISTERED OFFICE: First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD





REGISTERED NUMBER: 04779231 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD

INDEPENDENT INVESTMENTS LIMITED (REGISTERED NUMBER: 04779231)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,623 3,593
Investment property 5 750,000 750,000
752,623 753,593

CURRENT ASSETS
Debtors 6 9,556 43,096
Cash at bank 30,978 9,886
40,534 52,982
CREDITORS
Amounts falling due within one year 7 115,912 181,055
NET CURRENT LIABILITIES (75,378 ) (128,073 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

677,245

625,520

PROVISIONS FOR LIABILITIES 9 42,931 42,931
NET ASSETS 634,314 582,589

CAPITAL AND RESERVES
Called up share capital 2 2
Capital redemption reserve 1 1
Fair value reserve 237,069 237,069
Retained earnings 397,242 345,517
SHAREHOLDERS' FUNDS 634,314 582,589

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

INDEPENDENT INVESTMENTS LIMITED (REGISTERED NUMBER: 04779231)

BALANCE SHEET - continued
31ST MARCH 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th March 2025 and were signed on its behalf by:





N D MacKenzie - Director


INDEPENDENT INVESTMENTS LIMITED (REGISTERED NUMBER: 04779231)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Independent 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 represents rental income and related recharges of utilities and services excluding value added tax.

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 25% on reducing balance

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 Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

INDEPENDENT INVESTMENTS LIMITED (REGISTERED NUMBER: 04779231)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 57,283
DEPRECIATION
At 1st April 2023 53,690
Charge for year 970
At 31st March 2024 54,660
NET BOOK VALUE
At 31st March 2024 2,623
At 31st March 2023 3,593

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 750,000
NET BOOK VALUE
At 31st March 2024 750,000
At 31st March 2023 750,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,556 43,096

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 71,262
Trade creditors 14,650 31,571
Amounts owed to associates 60,293 44,577
Taxation and social security 17,699 21,514
Other creditors 23,270 12,131
115,912 181,055

INDEPENDENT INVESTMENTS LIMITED (REGISTERED NUMBER: 04779231)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The amounts owed to the associates are interest-free, unsecured and repayable on demand.

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 71,262

Aldermore Bank Plc hold a fixed and floating charge over the company's assets.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 42,931 42,931

Deferred
tax
£   
Balance at 1st April 2023 42,931
Balance at 31st March 2024 42,931