REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2024 |
for |
Imperex Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2024 |
for |
Imperex Limited |
Imperex Limited (Registered number: 00444280) |
Contents of the Financial Statements |
for the Year Ended 30 September 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Imperex Limited |
Company Information |
for the Year Ended 30 September 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Studio 16 |
Cloisters House |
8 Battersea Park Road |
London |
SW8 4BG |
Imperex Limited (Registered number: 00444280) |
Balance Sheet |
30 September 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
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. |
Imperex Limited (Registered number: 00444280) |
Balance Sheet - continued |
30 September 2024 |
The financial statements were approved by the director and authorised for issue on |
Imperex Limited (Registered number: 00444280) |
Notes to the Financial Statements |
for the Year Ended 30 September 2024 |
1. | STATUTORY INFORMATION |
Imperex Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
The financial statements present information about the company as a single entity. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
The Company has no turnover and its only income comprises profit shares arising from its investments in joint venture companies and also profit distributions received from its loan investments. The joint venture interests are shown as investments and the loan investments are included in debtors. |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other debtors and creditors. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instruments. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement and Statement of Comprehensive Income, 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. |
Imperex Limited (Registered number: 00444280) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
2. | ACCOUNTING POLICIES - continued |
Debtors and creditors |
Basic financial assets and liabilities, including other debtors and creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets and liabilities are subsequently carried at amortised cost using the effective interest method, less any impairment. |
Fixed asset investments |
Fixed asset investments are held at cost less accumulated impairment losses. |
Cash and cash equivalents |
Cash and cash equivalents are represented by cash in hand and at bank. |
Going concern |
The director considers that there are no material uncertainties about the company's ability to continue as a going concern. In forming his opinion, the director has considered a period of one year from the date of signing the financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Interest |
in joint |
venture |
£ |
COST |
At 1 October 2023 |
and 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
Imperex Limited (Registered number: 00444280) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Corporation tax |
Other creditors |
7. | FINANCIAL INSTRUMENTS |
The company's financial instruments comprise cash and cash equivalents and various items such as other debtors, trade and other creditors, that arise directly from its operations. |
The main purpose of these financial instruments is to finance the company's operations. |
The board regularly reviews and agrees policies for managing the level of risk arising from the company's financial instruments. This is summarised below: |
Liquidity risk |
Liquidity risk is the risk the company will not be able to meet its financial obligations as they fall due. The company's policy throughout the period has been to ensure that it has adequate liquidity to meet its liabilities when due, by careful management of its working capital. |
8. | RELATED PARTY DISCLOSURES |
At the balance sheet date the company has outstanding loans of £1,276,571 (2023: £1,768,597) due from Eaglechase Properties Limited. M A Wolfe is a director of Eaglechase Properties Limited. |
At the balance sheet date the company has outstanding loans of £1,162,623 (2023: £677,623) due from Eaglechase Limited. M A Wolfe is a shareholder and director of Eaglechase Limited. |
At the balance date the company owed £1,120,876 (2023 £1,146,415) to the director M A Wolfe. At the balance sheet date the company owed £245,900 (2023 £245,900) to Hillcharm Limited of which M.A. Wolfe is a shareholder and director. |