Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-28falsefalseBuying and selling of own real estateThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0false2023-03-01true0 14697587 2023-02-28 14697587 2023-03-01 2024-08-31 14697587 2022-03-01 2023-02-28 14697587 2024-08-31 14697587 c:Director1 2023-03-01 2024-08-31 14697587 d:CurrentFinancialInstruments 2024-08-31 14697587 d:Non-currentFinancialInstruments 2024-08-31 14697587 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 14697587 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 14697587 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 14697587 d:ShareCapital 2023-03-01 2024-08-31 14697587 d:ShareCapital 2024-08-31 14697587 c:FRS102 2023-03-01 2024-08-31 14697587 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-08-31 14697587 c:FullAccounts 2023-03-01 2024-08-31 14697587 c:PrivateLimitedCompanyLtd 2023-03-01 2024-08-31 14697587 e:PoundSterling 2023-03-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 14697587









IPE MURCHISON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2024

 
IPE MURCHISON LIMITED
REGISTERED NUMBER: 14697587

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
Note
£

  

Current assets
  

Stocks
  
3,195,809

Debtors: amounts falling due after more than one year
  
2,905

Cash at bank and in hand
  
4,584

  
3,203,298

Creditors: amounts falling due within one year
  
(13,744)

Net current assets
  
 
 
3,189,554

Total assets less current liabilities
  
3,189,554

Creditors: amounts falling due after more than one year
  
(3,189,454)

  

Net assets
  
100


Capital and reserves
  

Called up share capital 
  
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 28 May 2025.




Joshua Daniel Reuben
Director

Page 1

 
IPE MURCHISON LIMITED
REGISTERED NUMBER: 14697587
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The notes on pages 4 to 6 form part of these financial statements.

Page 2

 
IPE MURCHISON LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 AUGUST 2024


Called up share capital
Total equity

£
£


Other comprehensive income for the Period
-
-


Total comprehensive income for the Period
-
-


Contributions by and distributions to owners

Shares issued during the Period
100
100


Total transactions with owners
100
100


At 31 August 2024
100
100

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
IPE MURCHISON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

1.


General information

Enter user text here... 

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.

The following principal accounting policies have been applied:

 
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

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.

 
2.5

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 4

 
IPE MURCHISON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration.

The average monthly number of employees, including the director, during the Period was as follows:


        Period
       31 August
        2024
            No.




0


4.


Stocks

2024
£

Work in progress (goods to be sold)
3,195,809

3,195,809



5.


Debtors

2024
£

Due after more than one year

Other debtors
2,905

2,905



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
4,584

4,584


Page 5

 
IPE MURCHISON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
13,744

13,744



8.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
2,435,052

Other creditors
754,402

3,189,454



9.


Loans


Analysis of the maturity of loans is given below:


2024
£


Amounts falling due 1-2 years

Bank loans
2,435,052


2,435,052



2,435,052



10.


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 6