Company Registration No. 08281047 (England and Wales)
IMKO Property Development Ltd
Unaudited accounts
for the year ended 30 September 2024
IMKO Property Development Ltd
Unaudited accounts
Contents
IMKO Property Development Ltd
Company Information
for the year ended 30 September 2024
Company Number
08281047 (England and Wales)
Registered Office
8 Teddington Business Park
Station Road
Teddington
Middx
TW11 9BQ
UK
Accountants
CP Finance
Unit 11, Worton Court
Worton Hall Ind Estate
Worton Road
Isleworth
Middlesex
TW7 6ER
IMKO Property Development Ltd
Statement of financial position
as at 30 September 2024
Investment property
305,000
279,208
Cash at bank and in hand
71,287
7,756
Creditors: amounts falling due within one year
(134,050)
(109,094)
Net current liabilities
(62,763)
(101,338)
Total assets less current liabilities
242,237
177,870
Creditors: amounts falling due after more than one year
(178,356)
(138,994)
Provisions for liabilities
Called up share capital
100
100
Revaluation reserve
25,792
-
Profit and loss account
33,089
38,776
Shareholders' funds
58,981
38,876
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 June 2025 and were signed on its behalf by
Sergii Drevniak
Director
Company Registration No. 08281047
IMKO Property Development Ltd
Notes to the Accounts
for the year ended 30 September 2024
IMKO Property Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 08281047. The registered office is 8 Teddington Business Park, Station Road, Teddington, Middx, TW11 9BQ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The directors believe the accounts value continues to reflect a fair market value.
Fair value at 1 October 2023
279,208
Net gain from fair value adjustments
25,792
At 30 September 2024
305,000
The director believes the property is stated at a fair market value based on a valuation dated 20/2/24 by an independent valuer.
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
40,161
26,963
Amounts owed to group undertakings and other participating interests
73,652
62,652
Taxes and social security
-
1,275
Loans from directors
15,912
15,912
Bank loan is secured on the company's investment property.
IMKO Property Development Ltd
Notes to the Accounts
for the year ended 30 September 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
178,356
138,994
Bank Loan is secured on the company's investment property.
7
Deferred taxation
2024
2023
Revaluation of investment property
4,900
-
Charged to the profit and loss account
4,900
-
Provision at end of year
4,900
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
During the year the company received £30,000 (2023 : £26,250) in rents from Roofpro London Ltd and paid £nil (2023 : £3,500) in management fees.
At the year end the company owed £73,652 (2023 : £62,652) to Roofpro London Ltd.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).