Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-272024-09-27truefalsefalse2023-04-0101falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13910570 2023-04-01 2024-09-27 13910570 2022-04-01 2023-03-31 13910570 2024-09-27 13910570 2023-03-31 13910570 2022-04-01 13910570 c:Director1 2023-04-01 2024-09-27 13910570 c:Director1 2024-09-27 13910570 c:RegisteredOffice 2023-04-01 2024-09-27 13910570 d:Buildings d:LongLeaseholdAssets 2024-09-27 13910570 d:Buildings d:LongLeaseholdAssets 2023-03-31 13910570 d:LandBuildings 2024-09-27 13910570 d:LandBuildings 2023-03-31 13910570 d:CurrentFinancialInstruments 2024-09-27 13910570 d:CurrentFinancialInstruments 2023-03-31 13910570 d:Non-currentFinancialInstruments 2024-09-27 13910570 d:Non-currentFinancialInstruments 2023-03-31 13910570 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-27 13910570 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13910570 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-27 13910570 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13910570 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-27 13910570 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 13910570 d:ShareCapital 2023-04-01 2024-09-27 13910570 d:ShareCapital 2024-09-27 13910570 d:ShareCapital 2022-04-01 2023-03-31 13910570 d:ShareCapital 2023-03-31 13910570 d:ShareCapital 2022-04-01 13910570 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-09-27 13910570 d:RetainedEarningsAccumulatedLosses 2024-09-27 13910570 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 13910570 d:RetainedEarningsAccumulatedLosses 2023-03-31 13910570 d:RetainedEarningsAccumulatedLosses 2022-04-01 13910570 c:FRS102 2023-04-01 2024-09-27 13910570 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-09-27 13910570 c:FullAccounts 2023-04-01 2024-09-27 13910570 c:PrivateLimitedCompanyLtd 2023-04-01 2024-09-27 13910570 e:PoundSterling 2023-04-01 2024-09-27 iso4217:GBP xbrli:pure

Registered number: 13910570









IPE WOOD STREET (FLAT 10) LTD







UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 27 SEPTEMBER 2024

 
IPE WOOD STREET (FLAT 10) LTD
 
 
COMPANY INFORMATION


Director
Nadia Momin Imam (appointed 11 February 2022)




Registered number
13910570



Registered office
2nd Floor
22 Gilbert Street

London

W1K 5HD





 
IPE WOOD STREET (FLAT 10) LTD
 

CONTENTS



Page
Director's report
1
Balance sheet
2 - 3
Statement of changes in equity
4 - 5
Notes to the financial statements
6 - 11


 
IPE WOOD STREET (FLAT 10) LTD
 
 
 
DIRECTOR'S REPORT
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

The director presents her report and the financial statements for the period ended 27 September 2024.

Principal activity

Enter the Company's principal activity here...

Director

The director who served during the period was:

Nadia Momin Imam (appointed 11 February 2022)

Small companies note

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 23 June 2025 and signed on its behalf.
 





Nadia Momin Imam
Director

Page 1

 
IPE WOOD STREET (FLAT 10) LTD
REGISTERED NUMBER: 13910570

BALANCE SHEET
AS AT 27 SEPTEMBER 2024

27 September
31 March
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
537,647
537,647

  
537,647
537,647

Current assets
  

Debtors: amounts falling due within one year
 5 
3,700
1,599

Cash at bank and in hand
 6 
885
4,652

  
4,585
6,251

Creditors: amounts falling due within one year
 7 
(246,479)
(246,758)

Net current liabilities
  
 
 
(241,894)
 
 
(240,507)

Total assets less current liabilities
  
295,753
297,140

Creditors: amounts falling due after more than one year
 8 
(313,395)
(313,395)

  

Net liabilities
  
(17,642)
(16,255)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(17,742)
(16,355)

  
(17,642)
(16,255)


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 her 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
Page 2

 
IPE WOOD STREET (FLAT 10) LTD
REGISTERED NUMBER: 13910570
    
BALANCE SHEET (CONTINUED)
AS AT 27 SEPTEMBER 2024

23 June 2025.




Nadia Momin Imam
Director

The notes on pages 6 to 11 form part of these financial statements.

Page 3

 
IPE WOOD STREET (FLAT 10) LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 27 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
100
(16,355)
(16,255)


Comprehensive income for the period

Loss for the period

-
(1,387)
(1,387)


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
(1,387)
(1,387)


Total transactions with owners
-
-
-


At 27 September 2024
100
(17,742)
(17,642)


The notes on pages 6 to 11 form part of these financial statements.

Page 4

 
IPE WOOD STREET (FLAT 10) LTD
 

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


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
100
-
100


Comprehensive income for the year

Loss for the year

-
(16,355)
(16,355)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(16,355)
(16,355)


Total transactions with owners
-
-
-


At 31 March 2023
100
(16,355)
(16,255)


The notes on pages 6 to 11 form part of these financial statements.

Page 5

 
IPE WOOD STREET (FLAT 10) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

1.


General information

The company is a limited company incorporated in the United Kingdom 
The registered address of company is: 
2nd Floor 
2 Gilbert Street 
London
W1K 5HD
The Company's principal activity countined to be of property Investment.

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:

Page 6

 
IPE WOOD STREET (FLAT 10) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

2.Accounting policies (continued)

 
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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

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

 
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.

Page 7

 
IPE WOOD STREET (FLAT 10) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

2.Accounting policies (continued)

 
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 average monthly number of employees, including the director, during the period was as follows:


     27 September
        31 March
        2024
        2023
            No.
            No.







Average number of employees
-
1


4.


Tangible fixed assets







Long-term leasehold property

£



Cost or valuation


At 1 April 2023
537,647



At 27 September 2024

537,647






Net book value



At 27 September 2024
537,647



At 31 March 2023
537,647

Page 8

 
IPE WOOD STREET (FLAT 10) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

           4.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


27 September
31 March
2024
2023
£
£

Long leasehold
537,647
537,647

537,647
537,647



5.


Debtors

27 September
31 March
2024
2023
£
£


Trade debtors
3,200
1,599

Other debtors
500
-

3,700
1,599



6.


Cash and cash equivalents

27 September
31 March
2024
2023
£
£

Cash at bank and in hand
885
4,652

885
4,652


Page 9

 
IPE WOOD STREET (FLAT 10) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

7.


Creditors: Amounts falling due within one year

27 September
31 March
2024
2023
£
£

Amounts owed to group undertakings
246,479
246,758

246,479
246,758



8.


Creditors: Amounts falling due after more than one year

27 September
31 March
2024
2023
£
£

Bank loans
313,395
313,395

313,395
313,395


The following liabilities were secured:

27 September
31 March
2024
2023
£
£



Bank Loan
313,395
313,395

313,395
313,395

Details of security provided:

Bank loans of £313,395 (2023: 313,395) were secured on the assets of the company

Page 10

 
IPE WOOD STREET (FLAT 10) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


27 September
31 March
2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
313,395
313,395


313,395
313,395



313,395
313,395



10.


Related party transactions

IPE Group (Holdings) Limited was the ultimate parent company up until 15/09/207. The company owes £246,478 (2023: £246,758) to IPE Group (Holdings) Ltd


11.


Controlling party

The ultimate controlling party is Mr Mohammed Adnan Imam by virtue of his shareholding. It was before
IPE Group (Holdings) Limited has the ultimate controlling interst as a parent company up until 15/09/2024
where Mr. Imam was the controlling party by virtue of his sharholding of IPE Group (Holdings) Limited

Page 11