ACCOUNTS - Final Accounts preparation

Registered number: 14702544

IPE ARCADIA STREET (FLAT 7) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2024

IPE ARCADIA STREET (FLAT 7) LIMITED

REGISTERED NUMBER: 14702544

BALANCE SHEET

AS AT 31 AUGUST 2024

		2024
Note		£


Current assets
Debtors: amounts falling due within one year	4	1,277,074
Cash at bank and in hand	5	2
		1,277,076
Creditors: amounts falling due within one year	6	(1,237,845)
Net current assets			39,231
Total assets less current liabilities			39,231

Net assets			39,231

Capital and reserves
Called up share capital			100
Profit and loss account			39,131
			39,231

The director considers 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 director acknowledges his 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 19 June 2025.

Mohammed Adnan Imam

Director

The notes on pages 3 to 4 form part of these financial statements.

Page 1

IPE ARCADIA STREET (FLAT 7) LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 AUGUST 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
Comprehensive income for the Period
Profit for the Period	-	39,131	39,131
Other comprehensive income for the Period	-	-	-
Total comprehensive income for the Period	-	39,131	39,131
Contributions by and distributions to owners
Shares issued during the Period	100	-	100
Total transactions with owners	100	-	100
At 31 August 2024	100	39,131	39,231

The notes on pages 3 to 4 form part of these financial statements.

Page 2

IPE ARCADIA STREET (FLAT 7) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2024

1.	General information

Other letting and operating of own or leased 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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.3

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.

2.4

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.

2.5

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.

Employees

The Company has no employees other than the directors, who did not receive any remuneration.

Debtors

	Other debtors includes an amount of £979,080 a secured debt to Payme Group Limited (Company registration number 11556647).
					2024
					£

Page 3

IPE ARCADIA STREET (FLAT 7) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2024

4.Debtors (continued)


	Other debtors	1,277,074
		1,277,074

5.	Cash and cash equivalents
		2024
		£

	Cash at bank and in hand	2
		2

6.	Creditors: Amounts falling due within one year
		2024
		£

	Amounts owed to other participating interests	510,930
	Other creditors	726,915
		1,237,845

7.	Related party transactions
	there is no related party transaction during this reporting period.

8.	Controlling party

The ultimate controlling party is Mohammed Adnan Imam by virtue of his shareholding.

Page 4