Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-20 2024-09-20 false true false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-22 Buying and selling of own real estate 0 0 false 14748445 2023-03-22 2024-09-20 14748445 2022-09-21 2023-03-21 14748445 2024-09-20 14748445 2023-03-21 14748445 c:Director1 2023-03-22 2024-09-20 14748445 d:CurrentFinancialInstruments 2024-09-20 14748445 d:Non-currentFinancialInstruments 2024-09-20 14748445 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-20 14748445 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-20 14748445 d:ShareCapital 2023-03-22 2024-09-20 14748445 d:ShareCapital 2024-09-20 14748445 d:ShareCapital 2023-03-21 14748445 c:FRS102 2023-03-22 2024-09-20 14748445 c:AuditExempt-NoAccountantsReport 2023-03-22 2024-09-20 14748445 c:FullAccounts 2023-03-22 2024-09-20 14748445 c:PrivateLimitedCompanyLtd 2023-03-22 2024-09-20 14748445 e:PoundSterling 2023-03-22 2024-09-20 iso4217:GBP xbrli:pure

Registered number: 14748445 IPE ROUNDWAY LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 20 SEPTEMBER 2024
IPE ROUNDWAY LIMITED REGISTERED NUMBER: 14748445 BALANCE SHEET AS AT 20 SEPTEMBER 2024
|  | 20 September
|  | 2024
Note |  | £
Current assets |  |  |
Stocks | 4 | 13,888,526 |
Debtors: amounts falling due within one year | 5 | 1,182,909 |
Cash at bank and in hand | 6 | 496 |
|  | 15,071,931 |
Creditors: amounts falling due within one year | 7 | (14,309,824) |
Net current assets |  |  | 762,107
Total assets less current liabilities |  |  | 762,107
Creditors: amounts falling due after more than one year | 8 |  | (761,907)
Net assets |  |  | 200
Capital and reserves |  |  |
Called up share capital |  |  | 200
|  |  | 200
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 profit and loss account 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 20 June 2025.
Joshua Daniel Reuben
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IPE ROUNDWAY LIMITED REGISTERED NUMBER: 14748445 BALANCE SHEET (CONTINUED) AS AT 20 SEPTEMBER 2024
Director
The notes on pages 4 to 6 form part of these financial statements. Page 2
IPE ROUNDWAY LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 20 SEPTEMBER 2024
| Called up share capital | Total equity
| £ | £
At 22 March 2023 | 200 | 200
Other comprehensive income for the Period | - | -
Total comprehensive income for the Period | - | -
Total transactions with owners | - | -
At 20 September 2024 | 200 | 200
| The notes on pages 4 to 6 form part of these financial statements.
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IPE ROUNDWAY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 20 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 | Borrowing costs
All borrowing costs are recognised in profit or loss in the Period in which they are incurred.
| 2.3 | 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.
| 2.4 | 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.
| 2.5 | 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.
| 2.6 | 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. Page 4
IPE ROUNDWAY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 20 SEPTEMBER 2024
3. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
4. | Stocks
|  |  |  |  | 20 September
|  |  |  |  | 2024
|  |  |  |  | £
| Work in progress (goods to be sold) | 13,888,526
|  | 13,888,526
5. | Debtors
|  |  |  |  | 20 September
|  |  |  |  | 2024
|  |  |  |  | £
| Other debtors | 981,309
| Prepayments and accrued income | 201,600
|  | 1,182,909
6. | Cash and cash equivalents
|  |  |  |  | 20 September
|  |  |  |  | 2024
|  |  |  |  | £
| Cash at bank and in hand | 496
|  | 496
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IPE ROUNDWAY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 20 SEPTEMBER 2024
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 20 September
|  |  |  |  | 2024
|  |  |  |  | £
| Bank loans | 9,059,911
| Amounts owed to group undertakings | 4,113,750
| Other creditors | 1,136,163
|  | 14,309,824
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 20 September
|  |  |  |  | 2024
|  |  |  |  | £
| Amounts owed to group undertakings | 761,907
|  | 761,907
9. | Related party transactions
| As at reporting period the compnny owes to IPE Group (Holdings) limited £761,907.
10. | Controlling party
The ultimate controlling interst is the parent company IPE Group (Holdings) Limited, The ultimate controlling party is Mohammed Adnan Imam by virtue of his shareholding in the parent company IPE Group (Holdings) Limited.
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