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Company Registration No. 12101531 (England and Wales)
Ivygate Estates Ltd Unaudited accounts for the year ended 31 July 2024
Ivygate Estates Ltd Unaudited accounts Contents
Page
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Ivygate Estates Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
629,028 
299,910 
Current assets
Cash at bank and in hand
1,034 
1,056 
Net current assets
1,034 
1,056 
Total assets less current liabilities
630,062 
300,966 
Creditors: amounts falling due after more than one year
(506,022)
(160,437)
Provisions for liabilities
Deferred tax
(15,860)
(13,950)
Net assets
108,180 
126,579 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
74,000 
74,000 
Profit and loss account
34,080 
52,479 
Shareholders' funds
108,180 
126,579 
For the year ending 31 July 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 24 April 2025 and were signed on its behalf by
Sajad Ghafoor Director Company Registration No. 12101531
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Ivygate Estates Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Ivygate Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 12101531. The registered office is Rosehill Business Centre Room 23, Normanton Road, Derby, UK, DE23 6RH, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Fixtures & fittings
20%
Computer equipment
33%
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
280,000 
19,910 
299,910 
Additions
333,100 
- 
333,100 
At 31 July 2024
613,100 
19,910 
633,010 
Depreciation
Charge for the year
- 
3,982 
3,982 
At 31 July 2024
- 
3,982 
3,982 
Net book value
At 31 July 2024
613,100 
15,928 
629,028 
At 31 July 2023
280,000 
19,910 
299,910 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
269,635 
99,635 
Other creditors
177,955 
- 
Loans from directors
58,432 
60,802 
506,022 
160,437 
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Ivygate Estates Ltd Notes to the Accounts for the year ended 31 July 2024
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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