Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-292024-09-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-04-01falseThe principal activity of the company is that of property development.00falsetrue 12949934 2023-04-01 2024-09-29 12949934 2022-04-01 2023-03-31 12949934 2024-09-29 12949934 2023-03-31 12949934 2022-04-01 12949934 c:Director1 2023-04-01 2024-09-29 12949934 d:CurrentFinancialInstruments 2024-09-29 12949934 d:CurrentFinancialInstruments 2023-03-31 12949934 d:Non-currentFinancialInstruments 2024-09-29 12949934 d:Non-currentFinancialInstruments 2023-03-31 12949934 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-29 12949934 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12949934 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-29 12949934 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12949934 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-29 12949934 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 12949934 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-29 12949934 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 12949934 d:ShareCapital 2023-04-01 2024-09-29 12949934 d:ShareCapital 2024-09-29 12949934 d:ShareCapital 2022-04-01 2023-03-31 12949934 d:ShareCapital 2023-03-31 12949934 d:ShareCapital 2022-04-01 12949934 c:FRS102 2023-04-01 2024-09-29 12949934 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-09-29 12949934 c:FullAccounts 2023-04-01 2024-09-29 12949934 c:PrivateLimitedCompanyLtd 2023-04-01 2024-09-29 12949934 e:PoundSterling 2023-04-01 2024-09-29 iso4217:GBP xbrli:pure

Registered number: 12949934









IPE BRANDY HOLE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 29 SEPTEMBER 2024

 
IPE BRANDY HOLE LIMITED
REGISTERED NUMBER: 12949934

BALANCE SHEET
AS AT 29 SEPTEMBER 2024

29 September
31 March
2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
5,023,133
-

Debtors: amounts falling due within one year
 5 
1,358,566
100

Cash at bank and in hand
 6 
2,738
-

  
6,384,437
100

Creditors: amounts falling due within one year
 7 
(1,105,675)
-

Net current assets
  
 
 
5,278,762
 
 
100

Total assets less current liabilities
  
5,278,762
100

Creditors: amounts falling due after more than one year
 8 
(5,278,662)
-

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 June 2025.



Page 1

 
IPE BRANDY HOLE LIMITED
REGISTERED NUMBER: 12949934
    
BALANCE SHEET (CONTINUED)
AS AT 29 SEPTEMBER 2024


Joshua Daniel Reuben
Director

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
IPE BRANDY HOLE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 29 SEPTEMBER 2024


Called up share capital
Total equity

£
£

At 1 April 2023
100
100


Other comprehensive income for the period
-
-


Total comprehensive income for the period
-
-


Total transactions with owners
-
-


At 29 September 2024
100
100


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
IPE BRANDY HOLE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2023


Called up share capital
Total equity

£
£

At 1 April 2022
100
100


Other comprehensive income for the year
-
-


Total comprehensive income for the year
-
-


Total transactions with owners
-
-


At 31 March 2023
100
100


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
IPE BRANDY HOLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 SEPTEMBER 2024

1.


General information

The company is a members limited liability company incorporated in the United Kingdom.
The registered address of the company is:
22 Gilbert Street
London
W1K 5HD
The company's principal activity is that of property development.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
IPE BRANDY HOLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 SEPTEMBER 2024

3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Stocks

29 September
31 March
2024
2023
£
£

Work in progress (goods to be sold)
5,023,133
-

5,023,133
-



5.


Debtors

29 September
31 March
2024
2023
£
£


Other debtors
1,358,566
100

1,358,566
100



6.


Cash and cash equivalents

29 September
31 March
2024
2023
£
£

Cash at bank and in hand
2,738
-

2,738
-


Page 6

 
IPE BRANDY HOLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 SEPTEMBER 2024

7.


Creditors: Amounts falling due within one year

29 September
31 March
2024
2023
£
£

Trade creditors
369,662
-

Amounts owed to group undertakings
736,013
-

1,105,675
-



8.


Creditors: Amounts falling due after more than one year

29 September
31 March
2024
2023
£
£

Bank loans
5,147,213
-

Other loans
131,449
-

5,278,662
-



9.


Loans


Analysis of the maturity of loans is given below:


29 September
31 March
2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
5,147,213
-


5,147,213
-

Amounts falling due 2-5 years

Other loans
131,449
-


131,449
-


5,278,662
-


Page 7

 
IPE BRANDY HOLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 SEPTEMBER 2024

10.


Related party transactions

As at the year end the company owes to its ultimate parent company IPE Group Holdings Ltd £736,013.


11.


Controlling party

The ultimate controlling interst is the parent company IPE Group (Holdings) Limited, The ultimate
controlling party is Mohammed Adnan Imam by virtue of his shareholding in the parent company IPE
Group (Holdings) Limited.

Page 8