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Registered number: 11242026









IPE HANWELL LIMITED







UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 27 SEPTEMBER 2024

 
IPE HANWELL LIMITED
 
 
COMPANY INFORMATION


Director
Joshua Daniel Reuben 




Registered number
11242026



Registered office
2nd Floor, 22 Gilbert Street

London

W1K 5HD





 
IPE HANWELL LIMITED
 

CONTENTS



Page
Director's report
1
Balance sheet
2 - 3
Statement of changes in equity
4 - 5
Notes to the financial statements
6 - 8


 
IPE HANWELL LIMITED
 
 
 
DIRECTOR'S REPORT
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

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

Principal activity

Buying and selling of own real estate.

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 and signed on its behalf.
 





................................................
Joshua Daniel Reuben
Director

Date: 26 June 2025

Page 1

 
IPE HANWELL LIMITED
REGISTERED NUMBER: 11242026

BALANCE SHEET
AS AT 27 SEPTEMBER 2024

27 September
31 March
2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
(79,869)
(79,869)

Debtors: amounts falling due within one year
 5 
30,512
39,756

  
(49,357)
(40,113)

Creditors: amounts falling due within one year
 6 
42,491
37,019

Net current liabilities
  
 
 
(6,866)
 
 
(3,094)

Total assets less current liabilities
  
(6,866)
(3,094)

  

Net liabilities
  
(6,866)
(3,094)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(6,966)
(3,194)

  
(6,866)
(3,094)


Page 2

 
IPE HANWELL LIMITED
REGISTERED NUMBER: 11242026
    
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 by: 

Joshua Daniel Reuben
Director
Date: 26 June 2025

The notes on pages 6 to 8 form part of these financial statements.

Page 3

 
IPE HANWELL LIMITED
 

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
(3,194)
(3,094)


Comprehensive income for the period

Loss for the period

-
(83,641)
(83,641)


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
(83,641)
(83,641)


Contributions by and distributions to owners

Dividends: Equity capital
-
79,869
79,869


Total transactions with owners
-
79,869
79,869


At 27 September 2024
100
(6,966)
(6,866)


The notes on pages 6 to 8 form part of these financial statements.

Page 4

 
IPE HANWELL LIMITED
 

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

-
(287,095)
(287,095)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(287,095)
(287,095)


Contributions by and distributions to owners

Dividends: Equity capital
-
283,901
283,901


Total transactions with owners
-
283,901
283,901


At 31 March 2023
100
(3,194)
(3,094)


The notes on pages 6 to 8 form part of these financial statements.

Page 5

 
IPE HANWELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 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

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 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

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.

Page 6

 
IPE HANWELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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


4.


Stocks

27 September
31 March
2024
2023
£
£

Work in progress (goods to be sold)
(79,869)
(79,869)

(79,869)
(79,869)



5.


Debtors

27 September
31 March
2024
2023
£
£


Amounts owed by group undertakings
30,512
39,756

30,512
39,756


Page 7

 
IPE HANWELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

6.


Creditors: Amounts falling due within one year

27 September
31 March
2024
2023
£
£

Bank loans
34,184
39,656

Other creditors
(79,869)
(76,675)

Accruals and deferred income
3,194
-

(42,491)
(37,019)


The following liabilities were secured:

27 September
31 March
2024
2023
£
£



Bank loan
34,184
39,656

34,184
39,656

Details of security provided:

There was no secured bank loans as at reporting period.


7.


Related party transactions

As at the reporting date, the ultimate parent company, IPE Capital Limited. There was no balance outstanding with the parent company as at reporting date.


27 September
31 March
2024
2023
£
£

IPE Group (Holdings) Ltd
-
-
-
-


8.


Controlling party

The ultimate controlling party is Mr Mohammed Adnan Imam by virtue of his shareholding into the parent company, and the ultimate controlling interest is held by IPE Capital Limited as a majority shareholder.

 
Page 8