Company Registration No. 12735546 (England and Wales)
Imperial Developments And Consultancy Ltd
Unaudited accounts
for the year ended 31 July 2024
Imperial Developments And Consultancy Ltd
Unaudited accounts
Contents
Imperial Developments And Consultancy Ltd
Statement of financial position
as at 31 July 2024
Investment property
245,278
245,278
Cash at bank and in hand
7,466
207,664
Creditors: amounts falling due within one year
(98,979)
(42,118)
Net current assets
399,916
334,650
Total assets less current liabilities
645,194
579,928
Creditors: amounts falling due after more than one year
(714,073)
(664,239)
Net liabilities
(68,879)
(84,311)
Called up share capital
100
100
Profit and loss account
(68,979)
(84,411)
Shareholders' funds
(68,879)
(84,311)
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 7 May 2025 and were signed on its behalf by
Babak Sharifi-Saghez
Director
Company Registration No. 12735546
Imperial Developments And Consultancy Ltd
Notes to the Accounts
for the year ended 31 July 2024
Imperial Developments And Consultancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 12735546. The registered office is 128 City Road, London, EC1V 2NX, 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.
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.
These financial statements have been prepared in accordance with 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.
These accounts have been prepared on a going concern basis due to continued support of the director.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
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.
Imperial Developments And Consultancy Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
Fair value at 1 August 2023
245,278
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
155
Loans from directors
98,979
41,963
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
714,073
664,239
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).