| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2024 |
| for |
| IMBERPARK LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2024 |
| for |
| IMBERPARK LIMITED |
| IMBERPARK LIMITED (REGISTERED NUMBER: 04690029) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| IMBERPARK LIMITED |
| Company Information |
| for the Year Ended 31st March 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANT: |
| Byrne Palmer & Co |
| Chartered Accountant |
| Hazels Lodge |
| Stoodleigh |
| Tiverton |
| Devon |
| EX16 9PY |
| IMBERPARK LIMITED (REGISTERED NUMBER: 04690029) |
| Balance Sheet |
| 31st March 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| IMBERPARK LIMITED (REGISTERED NUMBER: 04690029) |
| Balance Sheet - continued |
| 31st March 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| IMBERPARK LIMITED (REGISTERED NUMBER: 04690029) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2024 |
| 1. | STATUTORY INFORMATION |
| Imberpark Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the net invoiced value of boarding kennel fees and sales of pet supplies, net of value added tax. |
| Goodwill |
| Goodwill acquired in 2003 (after deducting the 2007/2008 impairment loss adjustment) is amortised through the profit and loss account in equal instalments over its estimated remaining useful life of fifteen years. |
| Goodwill acquired in 2020 is amortised through the profit and loss account in equal instalments over its estimated useful life of ten years. |
| Tangible fixed assets |
| Improvements to property | - |
| Kennels cattery shop fixtures & fittings | - |
| Kennels cattery shop equipment | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| IMBERPARK LIMITED (REGISTERED NUMBER: 04690029) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares |
| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or relivable within one year, typically trade debtors and creditors, are measured. initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially , at the present value of the future cash flow discounted at a market rate of interest for similar debt instrument and subsequently at amotised cost. |
| Financial asset's that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive income. |
| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the net present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. |
| Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| IMBERPARK LIMITED (REGISTERED NUMBER: 04690029) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1st April 2023 |
| and 31st March 2024 |
| AMORTISATION |
| At 1st April 2023 |
| Amortisation for year |
| At 31st March 2024 |
| NET BOOK VALUE |
| At 31st March 2024 |
| At 31st March 2023 |
| 5. | TANGIBLE FIXED ASSETS |
| Kennels |
| cattery | Kennels |
| Improvements | shop | cattery |
| to | fixtures | shop | Motor |
| property | & fittings | equipment | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st April 2023 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st March 2024 |
| DEPRECIATION |
| At 1st April 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st March 2024 |
| NET BOOK VALUE |
| At 31st March 2024 |
| At 31st March 2023 |
| IMBERPARK LIMITED (REGISTERED NUMBER: 04690029) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2024 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1st April 2023 |
| and 31st March 2024 |
| DEPRECIATION |
| At 1st April 2023 |
| Charge for year |
| At 31st March 2024 |
| NET BOOK VALUE |
| At 31st March 2024 |
| At 31st March 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| IMBERPARK LIMITED (REGISTERED NUMBER: 04690029) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2024 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st April 2023 |
| Deficit for the year | ( |
) |
| At 31st March 2024 |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023: |
| 2024 | 2023 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 11. | RELATED PARTY DISCLOSURES |
| Two directors, D E Harris and V M Harris jointly own property occupied by the company. No rent is charged. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by directors D E Harris, V M Harris and N Harris. |