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Registered number: 14125778
ILADART LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2024
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14125778
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,627,920 3,718,044
Tangible Assets 5 190,603 -
3,818,523 3,718,044
CURRENT ASSETS
Stocks 6 2,286,694 2,481,667
Debtors 7 512,697 481,288
Cash at bank and in hand 976,995 -
3,776,386 2,962,955
Creditors: Amounts Falling Due Within One Year 8 (866,822 ) -
NET CURRENT ASSETS (LIABILITIES) 2,909,564 2,962,955
TOTAL ASSETS LESS CURRENT LIABILITIES 6,728,087 6,680,999
NET ASSETS 6,728,087 6,680,999
CAPITAL AND RESERVES
Called up share capital 9 6,728,086 6,728,086
Other reserves (5,852 ) -
Profit and Loss Account 5,853 (47,087 )
SHAREHOLDERS' FUNDS 6,728,087 6,680,999
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Julia Mendez
Director
28/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ILADART LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 14125778 . The registered office is 20-23 Holborn, Halton House, London, EC1N 2JD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are IP Rights. It is amortised to the profit and loss account over its estimated economic life of 37 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery based on useful life of asset
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 April 2023 3,743,337
As at 31 March 2024 3,743,337
Amortisation
As at 1 April 2023 25,293
Provided during the period 90,124
As at 31 March 2024 115,417
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 3,627,920
As at 1 April 2023 3,718,044
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 -
Additions 190,895
As at 31 March 2024 190,895
Depreciation
As at 1 April 2023 -
Provided during the period 292
As at 31 March 2024 292
Net Book Value
As at 31 March 2024 190,603
As at 1 April 2023 -
6. Stocks
31 March 2024 31 March 2023
£ £
Stock 2,286,694 2,481,667
7. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Shareholder Loan - Babatete SL 16,427 174,151
Shareholder Loan - Snowbreeze SL 25,846 69,377
Shareholder Loan - Juan González-Quirós y Corujo 168,740 237,760
Ontier Holding Ltd 28,920 -
Shareholder Loan - Gold Iberia Capital S.L. 52,220 -
Shareholder Loan - Santiago González-Quirós Sánchez del Río 12,574 -
Shareholder Loan - Solazoque S.L. 32,413 -
VAT 175,557 -
512,697 481,288
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 47,074 -
Corporation tax 697,906 -
Other creditors 92,922 -
Accruals and deferred income 28,920 -
866,822 -
9. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 6,728,086 6,728,086
Page 5