Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-272024-09-2782023-04-01falseThe principal activity of the company continued to be that of managemet company.8falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11854933 2023-04-01 2024-09-27 11854933 2022-04-01 2023-03-31 11854933 2024-09-27 11854933 2023-03-31 11854933 2022-04-01 11854933 c:Director1 2023-04-01 2024-09-27 11854933 d:MotorVehicles 2023-04-01 2024-09-27 11854933 d:MotorVehicles 2024-09-27 11854933 d:MotorVehicles 2023-03-31 11854933 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-09-27 11854933 d:CurrentFinancialInstruments 2024-09-27 11854933 d:CurrentFinancialInstruments 2023-03-31 11854933 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-27 11854933 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11854933 d:ShareCapital 2023-04-01 2024-09-27 11854933 d:ShareCapital 2024-09-27 11854933 d:ShareCapital 2022-04-01 2023-03-31 11854933 d:ShareCapital 2023-03-31 11854933 d:ShareCapital 2022-04-01 11854933 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-09-27 11854933 d:RetainedEarningsAccumulatedLosses 2024-09-27 11854933 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 11854933 d:RetainedEarningsAccumulatedLosses 2023-03-31 11854933 d:RetainedEarningsAccumulatedLosses 2022-04-01 11854933 c:FRS102 2023-04-01 2024-09-27 11854933 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-09-27 11854933 c:FullAccounts 2023-04-01 2024-09-27 11854933 c:PrivateLimitedCompanyLtd 2023-04-01 2024-09-27 11854933 e:PoundSterling 2023-04-01 2024-09-27 iso4217:GBP xbrli:pure

Registered number: 11854933









IPE PROPERTY DEVELOPMENT MANAGEMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 27 SEPTEMBER 2024

 
IPE PROPERTY DEVELOPMENT MANAGEMENT LTD
REGISTERED NUMBER: 11854933

BALANCE SHEET
AS AT 27 SEPTEMBER 2024

27 September
31 March
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
18,803
29,058

  
18,803
29,058

Current assets
  

Debtors: amounts falling due within one year
 5 
1,251,584
281,629

Cash at bank and in hand
 6 
2,543
427

  
1,254,127
282,056

Creditors: amounts falling due within one year
 7 
(2,579,272)
(545,409)

Net current liabilities
  
 
 
(1,325,145)
 
 
(263,353)

Total assets less current liabilities
  
(1,306,342)
(234,295)

  

Net liabilities
  
(1,306,342)
(234,295)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,306,442)
(234,395)

  
(1,306,342)
(234,295)


Page 1

 
IPE PROPERTY DEVELOPMENT MANAGEMENT LTD
REGISTERED NUMBER: 11854933
    
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 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 26 June 2025.




Mohammad Adnan Imam
Director

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

Page 2

 
IPE PROPERTY DEVELOPMENT MANAGEMENT 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
(234,395)
(234,295)


Comprehensive income for the period

Loss for the period

-
(1,072,047)
(1,072,047)


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
(1,072,047)
(1,072,047)


Total transactions with owners
-
-
-


At 27 September 2024
100
(1,306,442)
(1,306,342)


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

Page 3

 
IPE PROPERTY DEVELOPMENT MANAGEMENT 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
9,417
9,517


Comprehensive income for the year

Loss for the year

-
(243,812)
(243,812)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(243,812)
(243,812)


Total transactions with owners
-
-
-


At 31 March 2023
100
(234,395)
(234,295)


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

Page 4

 
IPE PROPERTY DEVELOPMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

1.


General information

helping in development of building projects 

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 PROPERTY DEVELOPMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

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 6

 
IPE PROPERTY DEVELOPMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.







Employees
8
8

Page 7

 
IPE PROPERTY DEVELOPMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

4.


Tangible fixed assets







Motor vehicles

£



Cost or valuation


At 1 April 2023
34,185



At 27 September 2024

34,185



Depreciation


At 1 April 2023
5,127


Charge for the period on owned assets
10,255



At 27 September 2024

15,382



Net book value



At 27 September 2024
18,803



At 31 March 2023
29,058


5.


Debtors

27 September
31 March
2024
2023
£
£


Trade debtors
588,938
31,116

Other debtors
658,787
245,467

Prepayments and accrued income
3,859
5,046

1,251,584
281,629


Page 8

 
IPE PROPERTY DEVELOPMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

6.


Cash and cash equivalents

27 September
31 March
2024
2023
£
£

Cash at bank and in hand
2,543
427

2,543
427



7.


Creditors: Amounts falling due within one year

27 September
31 March
2024
2023
£
£

Trade creditors
487,031
178,423

Amounts owed to group undertakings
1,845,197
26,001

Corporation tax
4,664
4,664

Other taxation
127,473
299,341

Other creditors
114,907
36,980

2,579,272
545,409



8.


Related party transactions

As at the reporting date, IPE Group (Holdings) Limited owes to the company for £1,845,197 (2023:£26,001)


9.


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.

 
Page 9