Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-272024-09-27The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.02023-04-01falseThe principal activity of the company continued to be that of property development.0falsetruefalse 10705614 2023-04-01 2024-09-27 10705614 2022-04-01 2023-03-31 10705614 2024-09-27 10705614 2023-03-31 10705614 2022-04-01 10705614 c:Director1 2023-04-01 2024-09-27 10705614 d:Buildings 2023-04-01 2024-09-27 10705614 d:Buildings 2024-09-27 10705614 d:Buildings 2023-03-31 10705614 d:LandBuildings 2024-09-27 10705614 d:LandBuildings 2023-03-31 10705614 d:CurrentFinancialInstruments 2024-09-27 10705614 d:CurrentFinancialInstruments 2023-03-31 10705614 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-27 10705614 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10705614 d:ShareCapital 2023-04-01 2024-09-27 10705614 d:ShareCapital 2024-09-27 10705614 d:ShareCapital 2022-04-01 2023-03-31 10705614 d:ShareCapital 2023-03-31 10705614 d:ShareCapital 2022-04-01 10705614 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-09-27 10705614 d:RetainedEarningsAccumulatedLosses 2024-09-27 10705614 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 10705614 d:RetainedEarningsAccumulatedLosses 2023-03-31 10705614 d:RetainedEarningsAccumulatedLosses 2022-04-01 10705614 c:FRS102 2023-04-01 2024-09-27 10705614 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-09-27 10705614 c:FullAccounts 2023-04-01 2024-09-27 10705614 c:PrivateLimitedCompanyLtd 2023-04-01 2024-09-27 10705614 e:PoundSterling 2023-04-01 2024-09-27 iso4217:GBP xbrli:pure

Registered number: 10705614









IPE FREEHOLDS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 27 SEPTEMBER 2024

 
IPE FREEHOLDS LIMITED
REGISTERED NUMBER: 10705614

BALANCE SHEET
AS AT 27 SEPTEMBER 2024

27 September
31 March
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
45,000
45,000

  
45,000
45,000

Current assets
  

Debtors: amounts falling due within one year
 5 
10
57,459

Cash at bank and in hand
 6 
-
1

  
10
57,460

Creditors: amounts falling due within one year
 7 
(64,720)
(61,186)

Net current liabilities
  
 
 
(64,710)
 
 
(3,726)

Total assets less current liabilities
  
(19,710)
41,274

  

Net (liabilities)/assets
  
(19,710)
41,274


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(19,810)
41,174

  
(19,710)
41,274


Page 1

 
IPE FREEHOLDS LIMITED
REGISTERED NUMBER: 10705614
    
BALANCE SHEET (CONTINUED)
AS AT 27 SEPTEMBER 2024

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 by: 

................................................
Mohammed Adnan Imam
Director

Date: 12 June 2025

Page 2

 
IPE FREEHOLDS 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
41,174
41,274


Comprehensive income for the Period

Loss for the Period

-
(60,984)
(60,984)


Other comprehensive income for the Period
-
-
-


Total comprehensive income for the Period
-
(60,984)
(60,984)


Total transactions with owners
-
-
-


At 27 September 2024
100
(19,810)
(19,710)


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

Page 3

 
IPE FREEHOLDS LIMITED
 

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


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
100
(13,574)
(13,474)


Comprehensive income for the year

Profit for the year

-
54,748
54,748


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
54,748
54,748


Total transactions with owners
-
-
-


At 31 March 2023
100
41,174
41,274


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

Page 4

 
IPE FREEHOLDS 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

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 5

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

2.Accounting policies (continued)

 
2.3

Borrowing costs

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

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

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.

 
2.6

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.

 
2.7

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.


3.


Employees

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

Page 6

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

4.


Tangible fixed assets







Freehold property

£



Cost or valuation


At 1 April 2023
45,000



At 27 September 2024

45,000






Net book value



At 27 September 2024
45,000



At 31 March 2023
45,000




The net book value of land and buildings may be further analysed as follows:


27 September
31 March
2024
2023
£
£

Freehold
45,000
45,000

45,000
45,000



5.


Debtors

27 September
31 March
2024
2023
£
£


Other debtors
10
57,459

10
57,459


Page 7

 
IPE FREEHOLDS 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
-
1

-
1



7.


Creditors: Amounts falling due within one year

27 September
31 March
2024
2023
£
£

Bank loans
34,492
40,635

Trade creditors
5,060
5,060

Other creditors
25,168
15,491

64,720
61,186



8.


Related party transactions

As at the reporting date, the company had related party balances due to:


27 September
31 March
2024
2023
£
£

-
-


9.


Controlling party

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

 
Page 8