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REGISTERED NUMBER: 03212513 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

IB No 18 Limited

IB No 18 Limited (Registered number: 03212513)






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


IB No 18 Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr N Assar





REGISTERED OFFICE: c/o Ency Associates
Printware Court, Cumberland Business Ctr
Northumberland Road
Portsmouth
Hampshire
PO5 1DS





REGISTERED NUMBER: 03212513 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

IB No 18 Limited (Registered number: 03212513)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 663 852
Investment property 5 1,085,031 982,624
1,085,694 983,476

CURRENT ASSETS
Debtors 6 2,971 8,103
Cash at bank 27,015 13,424
29,986 21,527
CREDITORS
Amounts falling due within one year 7 149,634 74,315
NET CURRENT LIABILITIES (119,648 ) (52,788 )
TOTAL ASSETS LESS CURRENT LIABILITIES 966,046 930,688

CREDITORS
Amounts falling due after more than one
year

8

(119,038

)

(126,743

)

PROVISIONS FOR LIABILITIES (100,324 ) (100,371 )
NET ASSETS 746,684 703,574

IB No 18 Limited (Registered number: 03212513)

Balance Sheet - continued
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 746,683 703,573
SHAREHOLDERS' FUNDS 746,684 703,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 27 May 2025 and were signed by:





Mr N Assar - Director


IB No 18 Limited (Registered number: 03212513)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

IB No 18 Limited 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.
Plant & machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

IB No 18 Limited (Registered number: 03212513)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant & Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 3,731 6,000 9,731
DEPRECIATION
At 1 October 2023 3,480 5,399 8,879
Charge for year 38 151 189
At 30 September 2024 3,518 5,550 9,068
NET BOOK VALUE
At 30 September 2024 213 450 663
At 30 September 2023 251 601 852

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 982,624
Additions 102,407
At 30 September 2024 1,085,031
NET BOOK VALUE
At 30 September 2024 1,085,031
At 30 September 2023 982,624

IB No 18 Limited (Registered number: 03212513)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. INVESTMENT PROPERTY - continued

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2010 58,127
Valuation in 2011 (10,000 )
Valuation in 2012 630,000
Valuation in 2018 (267,000 )
Valuation in 2020 53,869
Valuation in 2022 67,000
Cost 553,035
1,085,031

The investment property was valued on an open market basis on 30 September 2024 by Mr N Assar, Director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 2,971 8,103

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 5,874 5,428
Taxation and social security 16,108 12,657
Other creditors 127,652 56,230
149,634 74,315

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 85,103 91,208
Other creditors 33,935 35,535
119,038 126,743

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 56,373 64,658

IB No 18 Limited (Registered number: 03212513)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N Assar.