Company Registration No. 10326839 (England and Wales)
Impeccable Home Investments Limited
Unaudited accounts
for the year ended 31 December 2024
Impeccable Home Investments Limited
Unaudited accounts
Contents
Impeccable Home Investments Limited
Company Information
for the year ended 31 December 2024
Director
Nigel Ian Pilling
Company Number
10326839 (England and Wales)
Registered Office
First Floor
85 Great Portland Street
London
W1W 7LT
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Impeccable Home Investments Limited
Accountants' report
Accountants' report to the director of Impeccable Home Investments Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Impeccable Home Investments Limited for the year ended
31 December 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Impeccable Home Investments Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Impeccable Home Investments Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Impeccable Home Investments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Impeccable Home Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Impeccable Home Investments Limited. You consider that Impeccable Home Investments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Impeccable Home Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
31 March 2025
Impeccable Home Investments Limited
Statement of financial position
as at 31 December 2024
Investment property
620,000
685,047
Cash at bank and in hand
14,500
14,770
Creditors: amounts falling due within one year
(321,064)
(322,495)
Net current liabilities
(306,564)
(307,725)
Total assets less current liabilities
313,436
377,322
Creditors: amounts falling due after more than one year
(268,207)
(261,406)
Provisions for liabilities
Called up share capital
100
100
Revaluation reserve
39,187
122,297
Profit and loss account
(7,121)
(6,481)
Shareholders' funds
32,166
115,916
For the year ending 31 December 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 April 2025 and were signed on its behalf by
Nigel Ian Pilling
Director
Company Registration No. 10326839
Impeccable Home Investments Limited
Notes to the Accounts
for the year ended 31 December 2024
Impeccable Home Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 10326839. The registered office is First Floor, 85 Great Portland Street, London, W1W 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Impeccable Home Investments Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
12,569
1,684
14,253
At 31 December 2024
12,569
1,684
14,253
At 1 January 2024
12,569
1,684
14,253
At 31 December 2024
12,569
1,684
14,253
Fair value at 1 January 2024
685,047
Net loss from fair value adjustments
(70,047)
At 31 December 2024
620,000
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
2,461
Loans from directors
321,064
320,034
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
155,207
158,165
Other creditors
104,500
103,241
Aggregate of amounts that fall due for payment after five years
150,356
150,473
Included in long term creditors is a bank loan secured on one of the investment properties. A personal guarantee has been provided.
Impeccable Home Investments Limited
Notes to the Accounts
for the year ended 31 December 2024
8
Deferred taxation
2024
2023
Revaluation of land and buildings
13,063
-
Charged to the profit and loss account
13,063
-
Provision at end of year
13,063
-
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).