Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-272024-09-270falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseThe principal activity of the company continued to be that of property development.0falsetrue 12605125 2023-04-01 2024-09-27 12605125 2022-04-01 2023-03-31 12605125 2024-09-27 12605125 2023-03-31 12605125 2022-04-01 12605125 c:Director1 2023-04-01 2024-09-27 12605125 d:CurrentFinancialInstruments 2024-09-27 12605125 d:CurrentFinancialInstruments 2023-03-31 12605125 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-27 12605125 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12605125 d:ShareCapital 2023-04-01 2024-09-27 12605125 d:ShareCapital 2024-09-27 12605125 d:ShareCapital 2022-04-01 2023-03-31 12605125 d:ShareCapital 2023-03-31 12605125 d:ShareCapital 2022-04-01 12605125 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-09-27 12605125 d:RetainedEarningsAccumulatedLosses 2024-09-27 12605125 d:RetainedEarningsAccumulatedLosses 2023-03-31 12605125 c:OrdinaryShareClass1 2023-04-01 2024-09-27 12605125 c:OrdinaryShareClass1 2024-09-27 12605125 c:OrdinaryShareClass1 2023-03-31 12605125 c:FRS102 2023-04-01 2024-09-27 12605125 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-09-27 12605125 c:FullAccounts 2023-04-01 2024-09-27 12605125 c:PrivateLimitedCompanyLtd 2023-04-01 2024-09-27 12605125 e:PoundSterling 2023-04-01 2024-09-27 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12605125









IPE ACTON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 27 SEPTEMBER 2024

 
IPE ACTON LIMITED
REGISTERED NUMBER: 12605125

BALANCE SHEET
AS AT 27 SEPTEMBER 2024

27 September
31 March
2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
-
35,000

Debtors: amounts falling due within one year
 5 
640,808
455,159

Cash at bank and in hand
 6 
300
400

  
641,108
490,559

Creditors: amounts falling due within one year
 7 
(642,400)
(490,459)

Net current (liabilities)/assets
  
 
 
(1,292)
 
 
100

Total assets less current liabilities
  
(1,292)
100

  

Net (liabilities)/assets
  
(1,292)
100


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(1,392)
-

  
(1,292)
100


The directors consider 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 directors acknowledge their 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 12 June 2025.

Joshua Daniel Reuben
Director

Page 1

 
IPE ACTON LIMITED
REGISTERED NUMBER: 12605125
    
BALANCE SHEET (CONTINUED)
AS AT 27 SEPTEMBER 2024

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

Page 2

 
IPE ACTON LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 27 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
100
-
100


Comprehensive income for the period

Loss for the period

-
(1,392)
(1,392)


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
(1,392)
(1,392)


Total transactions with owners
-
-
-


At 27 September 2024
100
(1,392)
(1,292)


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

Page 3

 
IPE ACTON 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 ACTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 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

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.

 
2.3

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.

 
2.4

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 5

 
IPE ACTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

3.


Employees

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


4.


Stocks

27 September
31 March
2024
2023
£
£

Work in progress (goods to be sold)
-
24,500

Long-term contract balances
-
10,500

-
35,000


Long-term contract balances consist of:

27 September
31 March
2024
2023
£
£


Applicable payments on account
-
10,500

-
10,500



5.


Debtors

27 September
31 March
2024
2023
£
£


Amounts owed by group undertakings
645,955
448,259

Other debtors
-
2,000

Tax recoverable
(5,147)
4,900

640,808
455,159


Page 6

 
IPE ACTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

6.


Cash and cash equivalents

27 September
31 March
2024
2023
£
£

Cash at bank and in hand
300
400

300
400



7.


Creditors: Amounts falling due within one year

27 September
31 March
2024
2023
£
£

Corporation tax
200
-

Other creditors
642,200
490,459

642,400
490,459



8.


Share capital

27 September
31 March
2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

As at the reporting date, the company had related party balances due to:IPE Group Holdings Ltd £481,084 (2023- £481,0845)


27 September
31 March
2024
2023
£
£

IPE Group (Holdings) Ltd
-
-
-
-

Page 7

 
IPE ACTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

10.


Controlling party

The ultimate controlling party is Mohammed Adnan Imam by virtue of his shareholding

 
Page 8