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Registered number: 11202269









IPE 32 BEMISH ROAD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 27 SEPTEMBER 2024

 
IPE 32 BEMISH ROAD LIMITED
REGISTERED NUMBER: 11202269

BALANCE SHEET
AS AT 27 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
767,378
767,378

  
767,378
767,378

Current assets
  

Debtors: amounts falling due within one year
 5 
413
10,123

Cash at bank and in hand
 6 
543
1,326

  
956
11,449

Creditors: amounts falling due within one year
 7 
(731,196)
(747,234)

Net current liabilities
  
 
 
(730,240)
 
 
(735,785)

Total assets less current liabilities
  
37,138
31,593

  

Net assets
  
37,138
31,593


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
37,038
31,493

  
37,138
31,593


Page 1

 
IPE 32 BEMISH ROAD LIMITED
REGISTERED NUMBER: 11202269
    
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 year 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 statement of comprehensive income 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: 17 June 2025

Page 2

 
IPE 32 BEMISH ROAD LIMITED
 

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


Called up share capital
Profit and loss account
Total equity

£
£
£

At 28 September 2023
100
31,493
31,593


Comprehensive income for the year

Profit for the year

-
5,545
5,545


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
5,545
5,545


Total transactions with owners
-
-
-


At 27 September 2024
100
37,038
37,138


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

Page 3

 
IPE 32 BEMISH ROAD LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 27 SEPTEMBER 2023


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 September 2022
100
196,927
29,798
226,825


Comprehensive income for the year

Profit for the year

-
-
1,695
1,695

Other movement type 1
-
(196,927)
-
(196,927)


Other comprehensive income for the year
-
(196,927)
-
(196,927)


Total comprehensive income for the year
-
(196,927)
1,695
(195,232)


Total transactions with owners
-
-
-
-


At 27 September 2023
100
-
31,493
31,593


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

Page 4

 
IPE 32 BEMISH ROAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 SEPTEMBER 2024

1.


General information

The company is a limited company incorporated in the United Kingdom 
The registered address of company is: 
22 Gilbert Street
London
W1K 5HD
The Company's principal activity continued to be of Investment Property.

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

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 32 BEMISH ROAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

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

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

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.

 
2.7

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.

 
2.8

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 32 BEMISH ROAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 SEPTEMBER 2024

4.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 28 September 2023
(3,000)
770,378
767,378



At 27 September 2024
(3,000)
770,378
767,378

The 2024 valuations were made by the director of the company, on an open market value for existing use basis.

2024
2023
£
£



At 28 September 2023
-
196,927

Net deficit in movement properties
-
(196,927)

At 27 September 2024
-
-





5.


Debtors

2024
2023
£
£


Trade debtors
413
(1,302)

Other debtors
-
11,425

413
10,123



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
543
1,326

543
1,326


Page 7

 
IPE 32 BEMISH ROAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 SEPTEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
550,755
556,286

Corporation tax
18,696
30,121

Other creditors
161,745
160,827

731,196
747,234


The following liabilities were secured:

2024
2023
£
£



Bank Loan
550,755
556,286

550,755
556,286

Details of security provided:

Bank loans of  £516,635 (2023: £516,635) were secured on the assets of the company and Non-secured Bank loan amount £34,120


8.


Related party transactions




9.


Controlling party

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

 
Page 8