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REGISTERED NUMBER: 12084017 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

INDIGO 2 LIMITED

INDIGO 2 LIMITED (REGISTERED NUMBER: 12084017)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


INDIGO 2 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: A C Sufrin





REGISTERED OFFICE: 74 Brent Street
London
NW4 2ES





REGISTERED NUMBER: 12084017 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

INDIGO 2 LIMITED (REGISTERED NUMBER: 12084017)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Investment property 4 501,250 475,000

CURRENT ASSETS
Debtors 5 1,194,217 1,202,379
Cash at bank 20,167 360
1,214,384 1,202,739
CREDITORS
Amounts falling due within one year 6 (320,246 ) (322,392 )
NET CURRENT ASSETS 894,138 880,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,395,388

1,355,347

CREDITORS
Amounts falling due after more than one
year

7

(199,083

)

(199,078

)

PROVISIONS FOR LIABILITIES (7,690 ) (7,690 )
NET ASSETS 1,188,615 1,148,579

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 32,783 32,783
Retained earnings 10 1,155,732 1,115,696
SHAREHOLDERS' FUNDS 1,188,615 1,148,579

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

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

INDIGO 2 LIMITED (REGISTERED NUMBER: 12084017)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 3 April 2025 and were signed by:





A C Sufrin - Director


INDIGO 2 LIMITED (REGISTERED NUMBER: 12084017)

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

1. STATUTORY INFORMATION

Indigo 2 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

INDIGO 2 LIMITED (REGISTERED NUMBER: 12084017)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 475,000
Additions 26,250
At 31 July 2024 501,250
NET BOOK VALUE
At 31 July 2024 501,250
At 31 July 2023 475,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2022 1,590,820
Valuation in 2023 (1,550,347 )
Cost 460,777
501,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors - 5,722
Other debtors 1,194,217 1,196,657
1,194,217 1,202,379

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 18,578 19,557
Other creditors 222,280 229,077
Accrued expenses 79,388 73,758
320,246 322,392

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans more 5 yrs non-inst 199,083 199,078

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 199,083 199,078

INDIGO 2 LIMITED (REGISTERED NUMBER: 12084017)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 199,083 199,078

Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2023 1,115,696 32,783 1,148,479
Profit for the year 40,036 40,036
At 31 July 2024 1,155,732 32,783 1,188,515

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A C Sufrin.