Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-3002023-04-01falseBuying and selling of own real estate0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13749688 2023-04-01 2024-09-30 13749688 2021-11-17 2023-03-31 13749688 2024-09-30 13749688 2023-03-31 13749688 2021-11-17 13749688 c:Director1 2023-04-01 2024-09-30 13749688 d:CurrentFinancialInstruments 2024-09-30 13749688 d:CurrentFinancialInstruments 2023-03-31 13749688 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 13749688 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13749688 d:ShareCapital 2023-04-01 2024-09-30 13749688 d:ShareCapital 2024-09-30 13749688 d:ShareCapital 2021-11-17 2023-03-31 13749688 d:ShareCapital 2023-03-31 13749688 d:ShareCapital 2021-11-17 13749688 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-09-30 13749688 d:RetainedEarningsAccumulatedLosses 2024-09-30 13749688 d:RetainedEarningsAccumulatedLosses 2023-03-31 13749688 c:FRS102 2023-04-01 2024-09-30 13749688 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-09-30 13749688 c:FullAccounts 2023-04-01 2024-09-30 13749688 c:PrivateLimitedCompanyLtd 2023-04-01 2024-09-30 13749688 e:PoundSterling 2023-04-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 13749688









IPE CALM HOMES SOLIHULL 3 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
IPE CALM HOMES SOLIHULL 3 LIMITED
REGISTERED NUMBER: 13749688

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

30 September
31 March
2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
-
5,782,242

Debtors: amounts falling due within one year
 5 
629,578
36,445

Cash at bank and in hand
 6 
26,359
134

  
655,937
5,818,821

Creditors: amounts falling due within one year
 7 
(182,876)
(5,818,721)

Net current assets
  
 
 
473,061
 
 
100

Total assets less current liabilities
  
473,061
100

  

Net assets
  
473,061
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
472,961
-

  
473,061
100


The directors consider 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 directors acknowledge their 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 on 18 June 2025.




Page 1

 
IPE CALM HOMES SOLIHULL 3 LIMITED
REGISTERED NUMBER: 13749688
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

Joshua Daniel Reuben
Director

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

Page 2

 
IPE CALM HOMES SOLIHULL 3 LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
100
-
100


Comprehensive income for the period

Profit for the period

-
472,961
472,961


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
472,961
472,961


Total transactions with owners
-
-
-


At 30 September 2024
100
472,961
473,061


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

Page 3

 
IPE CALM HOMES SOLIHULL 3 LIMITED
 

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


Called up share capital
Total equity

£
£

At 1 November 2021
100
100


Other comprehensive income for the period
-
-


Total comprehensive income for the period
-
-


Total transactions with owners
-
-


At 31 March 2023
100
100


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

Page 4

 
IPE CALM HOMES SOLIHULL 3 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

Buying and selling of own real estate

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.

 
2.3

Borrowing costs

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

Page 5

 
IPE CALM HOMES SOLIHULL 3 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately 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).


4.


Stocks

30 September
31 March
2024
2023
£
£

Work in progress (goods to be sold)
-
5,782,242

-
5,782,242



5.


Debtors

30 September
31 March
Page 6

 
IPE CALM HOMES SOLIHULL 3 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

5.Debtors (continued)

2024
2023
£
£


Other debtors
629,578
36,445

629,578
36,445



6.


Cash and cash equivalents

30 September
31 March
2024
2023
£
£

Cash at bank and in hand
26,359
134

26,359
134



7.


Creditors: Amounts falling due within one year

30 September
31 March
2024
2023
£
£

Bank loans
-
4,752,313

Trade creditors
46,722
172,833

Other creditors
180
893,575

Accruals and deferred income
135,974
-

182,876
5,818,721


Page 7

 
IPE CALM HOMES SOLIHULL 3 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


30 September
31 March
2024
2023
£
£

Amounts falling due within one year

Bank loans
-
4,752,313


-
4,752,313




-
4,752,313



9.


Controlling party

The ultimate controlling party is Mr. Mohammed Adnan Imam by virtue of his 100% shareholding of the company at the end of reporting period. Before that IPE Group (Holdings) Limited was the parent company where Mr. Mohammed Adnan Imam is the 100% owner of IPE Group (Holdings) Limited..

Page 8