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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
Page
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IMKO Property Development Ltd Company Information for the year ended 30 September 2024
Director
Sergii Drevniak
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
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IMKO Property Development Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
305,000 
279,208 
Current assets
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
Deferred tax
(4,900)
- 
Net assets
58,981 
38,876 
Capital and reserves
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
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IMKO Property Development Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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.
4
Investment property
2024 
£ 
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 
Other creditors
2,033 
- 
Loans from directors
15,912 
15,912 
Accruals
2,292 
2,292 
134,050 
109,094 
Bank loan is secured on the company's investment property.
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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 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
4,900 
- 
Provision at end of year
4,900 
- 
8
Share capital
2024 
2023 
£ 
£ 
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).
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