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COMPANY REGISTRATION NUMBER: 04352012
Ivanhoe Holdings Ltd
Unaudited Financial Statements
31 May 2024
Ivanhoe Holdings Ltd
Financial Statements
Year ended 31 May 2024
Contents
Page
Director's report
1
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the financial statements
5
Ivanhoe Holdings Ltd
Director's Report
Year ended 31 May 2024
The director presents his report and the unaudited financial statements of the company for the year ended 31 May 2024 .
Director
The director who served the company during the year was as follows:
Mr M Perriton
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 5 June 2025 and signed on behalf of the board by:
Mr M Perriton
Director
Registered office:
13 Victoria Road
Cambridge
CB4 3BW
Ivanhoe Holdings Ltd
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Ivanhoe Holdings Ltd
Year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ivanhoe Holdings Ltd for the year ended 31 May 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.
REARDON & CO LTD Chartered accountants
Ash House Breckenwood Road Fulbourn Cambridge CB21 5DQ
5 June 2025
Ivanhoe Holdings Ltd
Statement of Income and Retained Earnings
Year ended 31 May 2024
2024
2023
Note
£
£
Administrative expenses
12,856
1
Other operating income
15,000
--------
----
Operating profit/(loss)
2,144
( 1)
--------
----
Profit/(loss) before taxation
2,144
( 1)
Tax on profit/(loss)
407
-------
----
Profit/(loss) for the financial year and total comprehensive income
1,737
( 1)
-------
----
Dividends paid and payable
( 1,000)
( 47,150)
Retained earnings at the start of the year
1,707
48,858
-------
--------
Retained earnings at the end of the year
2,444
1,707
-------
--------
All the activities of the company are from continuing operations.
Ivanhoe Holdings Ltd
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
5
18,229
18,229
Current assets
Debtors
6
20,903
Cash at bank and in hand
1,669
1,669
-------
--------
1,669
22,572
Creditors: amounts falling due within one year
7
16,954
38,594
--------
--------
Net current liabilities
15,285
16,022
--------
--------
Total assets less current liabilities
2,944
2,207
-------
-------
Net assets
2,944
2,207
-------
-------
Capital and reserves
Called up share capital
500
500
Profit and loss account
2,444
1,707
-------
-------
Shareholders funds
2,944
2,207
-------
-------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 June 2025 , and are signed on behalf of the board by:
Mr M Perriton
Director
Company registration number: 04352012
Ivanhoe Holdings Ltd
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Victoria Road, Cambridge, CB4 3BW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: Nil).
5. Investments
Shares in group undertakings
Other investments other than loans
Total
£
£
£
Cost
At 1 June 2023 and 31 May 2024
1,500
16,729
18,229
-------
--------
--------
Impairment
At 1 June 2023 and 31 May 2024
-------
--------
--------
Carrying amount
At 31 May 2024
1,500
16,729
18,229
-------
--------
--------
At 31 May 2023
1,500
16,729
18,229
-------
--------
--------
6. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
20,903
----
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
1,401
1,401
Amounts owed to group undertakings and undertakings in which the company has a participating interest
9,121
Corporation tax
656
248
Other creditors
5,776
36,945
--------
--------
16,954
38,594
--------
--------
8. Related party transactions
The company was under the control of Mr M Perriton throughout the current and previous year. Mr Perriton is the managing director and majority shareholder. On 31 March 2024 a dividend of £1,000 (2023: £41,150) was paid on the A ordinary shares and £nil (2023: £1,000)was paid on the B, C and D shares.