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Registered number: 13910552









IPE WOOD STREET (FLAT 36) 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 36) LTD
 
 
COMPANY INFORMATION


Director
Nadia Momin Imam (appointed 11 February 2022)




Registered number
13910552



Registered office
2nd Floor, 22 Gilbert Street

London

W1K 5HD





 
IPE WOOD STREET (FLAT 36) LTD
 

CONTENTS



Page
Director's report
1
Balance sheet
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 8


 
IPE WOOD STREET (FLAT 36) 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

Other letting and operating of own or leased real estate

Page 1

 
IPE WOOD STREET (FLAT 36) LTD
REGISTERED NUMBER: 13910552

BALANCE SHEET
AS AT 27 SEPTEMBER 2024

27 September
2024
Note
£

Fixed assets
  

Tangible assets
  
504,886

  
504,886

Current assets
  

Debtors: amounts falling due within one year
 4 
2,400

Cash at bank and in hand
 5 
1,515

  
3,915

Total assets less current liabilities
  
 
 
508,801

Creditors: amounts falling due after more than one year
 6 
(531,797)

  

Net liabilities
  
(22,996)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(23,096)

  
(22,996)


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 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 23 June 2025.




Nadia Momin Imam
Page 2

 
IPE WOOD STREET (FLAT 36) LTD
REGISTERED NUMBER: 13910552
    
BALANCE SHEET (CONTINUED)
AS AT 27 SEPTEMBER 2024

Director

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

Page 3

 
IPE WOOD STREET (FLAT 36) 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
(3,298)
(3,198)


Comprehensive income for the Period

Loss for the Period

-
(19,798)
(19,798)


Other comprehensive income for the Period
-
-
-


Total comprehensive income for the Period
-
(19,798)
(19,798)


Total transactions with owners
-
-
-


At 27 September 2024
100
(23,096)
(22,996)


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

Page 4

 
IPE WOOD STREET (FLAT 36) 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: 
22 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:

 
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.

Page 5

 
IPE WOOD STREET (FLAT 36) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

2.Accounting policies (continued)

 
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.

 
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.


3.


Employees

The Company has no employees other than the Directors, who did not receive any remuneration (2023 - £NIL).


4.


Debtors

27 September
2024
£


Trade debtors
1,900

Other debtors
500

2,400


Page 6

 
IPE WOOD STREET (FLAT 36) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

5.


Cash and cash equivalents

27 September
2024
£

Cash at bank and in hand
1,515

1,515



6.


Creditors: Amounts falling due after more than one year

27 September
2024
£

Bank loans
349,092

Amounts owed to joint ventures
182,705

531,797



7.


Loans

Bank Loans as ot repoting period is £349,092 were secured on the assets of the company



Analysis of the maturity of loans is given below:


27 September
31 March
2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
349,092
-


349,092
-


349,092
-


Page 7

 
IPE WOOD STREET (FLAT 36) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

8.


Related party transactions

IPE Group (Holdings) Limited was the ultimate parent company up until 15/09/207.The company owes
£182,705 to IPE Group (Holdings) Ltd


9.


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 8