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REGISTERED NUMBER: 12094129 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 July 2024

for

INDIGO HOMES LTD

INDIGO HOMES LTD (REGISTERED NUMBER: 12094129)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INDIGO HOMES LTD

Company Information
for the Year Ended 31 July 2024







DIRECTOR: J A Akinoso





REGISTERED OFFICE: The Old Workshop
1 Ecclesall Road South
Sheffield
S11 9PA





REGISTERED NUMBER: 12094129 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

INDIGO HOMES LTD (REGISTERED NUMBER: 12094129)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 279 419
Investment property 5 1,420,000 1,245,000
1,420,279 1,245,419

CURRENT ASSETS
Debtors 6 63,674 13,194
Cash at bank 3,215 24,516
66,889 37,710
CREDITORS
Amounts falling due within one year 7 686,007 535,744
NET CURRENT LIABILITIES (619,118 ) (498,034 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

801,161

747,385

CREDITORS
Amounts falling due after more than one year 8 (866,617 ) (727,902 )

PROVISIONS FOR LIABILITIES (10,997 ) (13,825 )
NET (LIABILITIES)/ASSETS (76,453 ) 5,658

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserves 10 (3,915 ) 41,476
Retained earnings (72,539 ) (35,819 )
SHAREHOLDERS' FUNDS (76,453 ) 5,658

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 HOMES LTD (REGISTERED NUMBER: 12094129)

Balance Sheet - 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 12 April 2025 and were signed by:





J A Akinoso - Director


INDIGO HOMES LTD (REGISTERED NUMBER: 12094129)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Indigo Homes Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 20% On cost

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 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).

INDIGO HOMES LTD (REGISTERED NUMBER: 12094129)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 698
DEPRECIATION
At 1 August 2023 279
Charge for year 140
At 31 July 2024 419
NET BOOK VALUE
At 31 July 2024 279
At 31 July 2023 419

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,245,000
Additions 223,219
Revaluations (48,219 )
At 31 July 2024 1,420,000
NET BOOK VALUE
At 31 July 2024 1,420,000
At 31 July 2023 1,245,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2021 90,844
Valuation in 2023 (35,543 )
Valuation in 2024 (48,219 )
Cost 1,412,918
1,420,000

INDIGO HOMES LTD (REGISTERED NUMBER: 12094129)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. INVESTMENT PROPERTY - continued

If the properties held had not been revalued they would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 1,412,918 1,189,699

The properties held were valued on an open market basis on 31 July 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 9,336 7,954
Other debtors 54,338 5,240
63,674 13,194

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other creditors 686,007 535,744

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 866,617 727,902

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 866,617 727,902

INDIGO HOMES LTD (REGISTERED NUMBER: 12094129)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Mortgages 866,617 727,902

Fixed and/or floating charge secured mortgages held on the following properties:

- Flat 712, Transmission Street, 11 Tib Street, Manchester
- Flat 3, Printing Press House, 17 School Street, Manchester
- Sandringham House, 20B Windsor Street, Salford
- Sandringham House, 30B Windsor Street, Salford
- Sandringham House, 40B Windsor Street, Salford
- Flat 523, Transmission Street, 11 Tib Street, Manchester

10. RESERVES
Non-distributable
reserves
£   
At 1 August 2023 41,476
Reserves reclassification (45,391 )

At 31 July 2024 (3,915 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is J A Akinoso.