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REGISTERED NUMBER: 11545285 (England and Wales)









INTERIOR COLLECTIVE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






INTERIOR COLLECTIVE LTD (REGISTERED NUMBER: 11545285)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INTERIOR COLLECTIVE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: P C Forfar





REGISTERED OFFICE: Unit 3 Viceroy Court
Bedford Road
Petersfield
Hampshire
GU32 3LJ





REGISTERED NUMBER: 11545285 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

INTERIOR COLLECTIVE LTD (REGISTERED NUMBER: 11545285)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,540 60,142
Investments 5 1,339,206 1,339,206
Investment property 6 400,000 400,000
1,801,746 1,799,348

CURRENT ASSETS
Debtors 7 11,560 11,616
Cash at bank 333,390 389,739
344,950 401,355
CREDITORS
Amounts falling due within one year 8 106,016 65,613
NET CURRENT ASSETS 238,934 335,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,040,680

2,135,090

CREDITORS
Amounts falling due after more than one
year

9

11,664

21,667
NET ASSETS 2,029,016 2,113,423

CAPITAL AND RESERVES
Called up share capital 7,500 7,500
Share premium 452,500 452,500
Retained earnings 1,569,016 1,653,423
SHAREHOLDERS' FUNDS 2,029,016 2,113,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

INTERIOR COLLECTIVE LTD (REGISTERED NUMBER: 11545285)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 June 2025 and were signed by:





P C Forfar - Director


INTERIOR COLLECTIVE LTD (REGISTERED NUMBER: 11545285)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Interior Collective Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Interior Collective Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - straight line over 6 years
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other 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

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade 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


INTERIOR COLLECTIVE LTD (REGISTERED NUMBER: 11545285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 97,500 14,760 112,260
Additions 11,620 10,808 22,428
At 30 September 2024 109,120 25,568 134,688
DEPRECIATION
At 1 October 2023 43,262 8,856 52,118
Charge for year 17,057 2,973 20,030
At 30 September 2024 60,319 11,829 72,148
NET BOOK VALUE
At 30 September 2024 48,801 13,739 62,540
At 30 September 2023 54,238 5,904 60,142

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Shares in group undertakings 100 600
Participating interests 500 -
Other investments not loans 10,648 10,648
Other loans 1,327,958 1,327,958
1,339,206 1,339,206

INTERIOR COLLECTIVE LTD (REGISTERED NUMBER: 11545285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in Interest
group in joint Other
undertakings venture investments Totals
£    £    £    £   
COST
At 1 October 2023 600 - 10,648 11,248
Reclassification/transfer (500 ) 500 - -
At 30 September 2024 100 500 10,648 11,248
NET BOOK VALUE
At 30 September 2024 100 500 10,648 11,248
At 30 September 2023 600 - 10,648 11,248
Other
loans
£   
At 1 October 2023
and 30 September 2024 1,327,958

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 400,000
NET BOOK VALUE
At 30 September 2024 400,000
At 30 September 2023 400,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2021 15,827
Cost 384,173
400,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 384,173 384,173

Investment property was valued on an open market basis on 30 September 2024 by the directors .

INTERIOR COLLECTIVE LTD (REGISTERED NUMBER: 11545285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 10,000
Amounts owed by joint ventures 10,000 -
Other debtors 1,560 1,616
11,560 11,616

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,500 -
Amounts owed to group undertakings 9,489 37,842
Taxation and social security (31 ) 11,043
Other creditors 95,058 16,728
106,016 65,613

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 11,664 21,667

10. DEFERRED TAX
£   
Balance at 1 October 2023 (1,371 )
Accelerated capital allowances 920
Balance at 30 September 2024 (451 )