Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-272024-09-2717240001724000The principal activity of the company continued to be that of rental property.false2023-04-0100falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11834656 2023-04-01 2024-09-27 11834656 2022-04-01 2023-03-31 11834656 2024-09-27 11834656 2023-03-31 11834656 2022-04-01 11834656 5 2022-04-01 2023-03-31 11834656 d:Director1 2023-04-01 2024-09-27 11834656 e:FreeholdInvestmentProperty 2024-09-27 11834656 e:FreeholdInvestmentProperty 2023-03-31 11834656 e:LeaseholdInvestmentProperty 2024-09-27 11834656 e:LeaseholdInvestmentProperty 2023-03-31 11834656 e:CurrentFinancialInstruments 2024-09-27 11834656 e:CurrentFinancialInstruments 2023-03-31 11834656 e:CurrentFinancialInstruments e:WithinOneYear 2024-09-27 11834656 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 11834656 e:ShareCapital 2023-04-01 2024-09-27 11834656 e:ShareCapital 2024-09-27 11834656 e:ShareCapital 2022-04-01 2023-03-31 11834656 e:ShareCapital 2023-03-31 11834656 e:ShareCapital 2022-04-01 11834656 e:RevaluationReserve 2023-04-01 2024-09-27 11834656 e:RevaluationReserve 2024-09-27 11834656 e:RevaluationReserve 2022-04-01 2023-03-31 11834656 e:RevaluationReserve 2023-03-31 11834656 e:RevaluationReserve 2022-04-01 11834656 e:RevaluationReserve 5 2022-04-01 2023-03-31 11834656 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-09-27 11834656 e:RetainedEarningsAccumulatedLosses 2024-09-27 11834656 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 11834656 e:RetainedEarningsAccumulatedLosses 2023-03-31 11834656 e:RetainedEarningsAccumulatedLosses 2022-04-01 11834656 e:AcceleratedTaxDepreciationDeferredTax 2024-09-27 11834656 e:AcceleratedTaxDepreciationDeferredTax 2023-03-31 11834656 d:FRS102 2023-04-01 2024-09-27 11834656 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-09-27 11834656 d:FullAccounts 2023-04-01 2024-09-27 11834656 d:PrivateLimitedCompanyLtd 2023-04-01 2024-09-27 11834656 5 2023-04-01 2024-09-27 11834656 f:PoundSterling 2023-04-01 2024-09-27 11834656 e:RetainedEarningsAccumulatedLosses 5 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 11834656









IPE NIGHTINGALE PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 27 SEPTEMBER 2024

 
IPE NIGHTINGALE PROPERTY LIMITED
REGISTERED NUMBER: 11834656

BALANCE SHEET
AS AT 27 SEPTEMBER 2024

27 September
31 March
2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
862,000
862,000

  
862,000
862,000

Current assets
  

Debtors: amounts falling due within one year
 5 
6,878
6,878

Cash at bank and in hand
 6 
76
114

  
6,954
6,992

Creditors: amounts falling due within one year
 7 
(661,529)
(654,832)

Net current liabilities
  
 
 
(654,575)
 
 
(647,840)

Total assets less current liabilities
  
207,425
214,160

Provisions for liabilities
  

Deferred tax
 8 
(84,431)
(84,431)

  
 
 
(84,431)
 
 
(84,431)

Net assets
  
122,994
129,729


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
152,570
152,570

Profit and loss account
  
(29,676)
(22,941)

  
122,994
129,729


Page 1

 
IPE NIGHTINGALE PROPERTY LIMITED
REGISTERED NUMBER: 11834656
    
BALANCE SHEET (CONTINUED)
AS AT 27 SEPTEMBER 2024

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 year 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 by: 




Mohammed Adnan Imam
Director

Date: 23 June 2025

The notes on pages 5 to 9 form part of these financial statements.

Page 2

 
IPE NIGHTINGALE PROPERTY LIMITED
 

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


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2023
100
152,570
(22,941)
129,729


Comprehensive income for the year

Loss for the year

-
-
(6,735)
(6,735)


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
(6,735)
(6,735)


Total transactions with owners
-
-
-
-


At 27 September 2024
100
152,570
(29,676)
122,994


The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
IPE NIGHTINGALE PROPERTY LIMITED
 

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


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2022
100
168,862
(18,736)
150,226


Comprehensive income for the year

Loss for the year

-
-
(4,205)
(4,205)

Deficit on revaluation of freehold property
-
(16,292)
-
(16,292)


Other comprehensive income for the year
-
(16,292)
-
(16,292)


Total comprehensive income for the year
-
(16,292)
(4,205)
(20,497)


Total transactions with owners
-
-
-
-


At 31 March 2023
100
152,570
(22,941)
129,729


The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
IPE NIGHTINGALE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 SEPTEMBER 2024

1.


General information

The company is a members limited liability company incorporated in the United Kingdom.
The registered address of the company is:
22 Gilbert Street
London
W1K 5HD
The company's principal activity is that of property development.

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.

 
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:

 
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 year in which they are incurred.

Page 5

 
IPE NIGHTINGALE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 6

 
IPE NIGHTINGALE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.


Investment property





Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 April 2023
237,000
625,000
862,000



At 27 September 2024
237,000
625,000
862,000

The 2024 valuations were made by the director of the company, on an open market value for existing use basis.



At 27 September 2024





5.


Debtors

Page 7

 
IPE NIGHTINGALE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 SEPTEMBER 2024
27 September
31 March
2024
2023
£
£


Other debtors
6,878
6,878

6,878
6,878



6.


Cash and cash equivalents

27 September
31 March
2024
2023
£
£

Cash at bank and in hand
76
114

76
114



7.


Creditors: Amounts falling due within one year

27 September
31 March
2024
2023
£
£

Bank loans
511,315
528,323

Trade creditors
2,889
3,069

Amounts owed to group undertakings
147,325
123,440

661,529
654,832


The following liabilities were secured:

27 September
31 March
2024
2023
£
£



Bank Loan
494,813
494,813

494,813
494,813

Details of security provided:

Bank loan £494,813 (2023: £494,813) were secured on the assets of the company

Page 8

 
IPE NIGHTINGALE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 SEPTEMBER 2024

8.


Deferred taxation






2024


£






Charged to profit or loss
(84,431)



At end of year
(84,431)

The provision for deferred taxation is made up as follows:

27 September
31 March
2024
2023
£
£


Accelerated capital allowances
(84,431)
(84,431)

(84,431)
(84,431)


9.


Related party transactions

As at the reporting date, the company owes to IPE Group (Holdings) Limited for £147,325 (2023:107,713). IPE Group (Holdings) Limited was the ultimate parent company as of 15/09/2024.


10.


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 9