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Registered number: 07236168









IPE GROUP (HOLDINGS) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 29 SEPTEMBER 2024

 
IPE GROUP (HOLDINGS) LIMITED
REGISTERED NUMBER: 07236168

BALANCE SHEET
AS AT 29 SEPTEMBER 2024

29 September
31 March
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
234,296
234,196

  
234,296
234,196

Current assets
  

Debtors: amounts falling due within one year
 5 
19,891,696
12,241,094

Cash at bank and in hand
 6 
11,690
17,006

  
19,903,386
12,258,100

Creditors: amounts falling due within one year
 7 
(21,645,406)
(13,685,562)

Net current liabilities
  
 
 
(1,742,020)
 
 
(1,427,462)

Total assets less current liabilities
  
(1,507,724)
(1,193,266)

  

Net liabilities
  
(1,507,724)
(1,193,266)


Capital and reserves
  

Called up share capital 
  
100,002
100,002

Profit and loss account
  
(1,607,726)
(1,293,268)

  
(1,507,724)
(1,193,266)


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 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 26 June 2025.

Page 1

 
IPE GROUP (HOLDINGS) LIMITED
REGISTERED NUMBER: 07236168
    
BALANCE SHEET (CONTINUED)
AS AT 29 SEPTEMBER 2024




Mohammed Adnan Imam
Director

The notes on pages 5 to 7 form part of these financial statements.
Page 2

 
IPE GROUP (HOLDINGS) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 29 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2019
100,002
(1,293,268)
(1,193,266)


Comprehensive income for the period

Loss for the period

-
(811,367)
(811,367)


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
(811,367)
(811,367)


Contributions by and distributions to owners

Dividends: Equity capital
-
496,909
496,909


Total transactions with owners
-
496,909
496,909


At 31 March 2020
100,002
(1,607,726)
(1,507,724)


The notes on pages 5 to 7 form part of these financial statements.
Page 3

 
IPE GROUP (HOLDINGS) 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 2018
100,002
(1,067,451)
(967,449)


Comprehensive income for the year

Loss for the year

-
(645,849)
(645,849)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(645,849)
(645,849)


Contributions by and distributions to owners

Dividends: Equity capital
-
420,032
420,032


Total transactions with owners
-
420,032
420,032


At 31 March 2019
100,002
(1,293,268)
(1,193,266)


The notes on pages 5 to 7 form part of these financial statements.
Page 4

 
IPE GROUP (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 SEPTEMBER 2024

1.


General information

The company is a limited liability company. It is incorporated in the United Kingdom.
Its registered address is:
22 Gilbert Street
London
W1S 5HD
The company continued to be that of a investment holding company. The principal activity of the company and group continued to be that of real estate 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.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
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 5

 
IPE GROUP (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 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.

 
2.8

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


     29 September
        31 March
        2024
        2023
            No.
            No.







Adminisatration
-
1


4.


Fixed asset investments








Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 April 2023
108,935
125,261
234,196


Additions
100
-
100



At 29 September 2024
109,035
125,261
234,296




Page 6

 
IPE GROUP (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 SEPTEMBER 2024

5.


Debtors

29 September
31 March
2024
2023
£
£


Amounts owed by group undertakings
4,595,047
6,369,651

Other debtors
15,296,649
5,871,443

19,891,696
12,241,094



6.


Cash and cash equivalents

29 September
31 March
2024
2023
£
£

Cash at bank and in hand
11,690
17,006

11,690
17,006



7.


Creditors: Amounts falling due within one year

29 September
31 March
2024
2023
£
£

Trade creditors
65,754
24,000

Amounts owed to group undertakings
1,279,821
-

Other taxation and social security
19,504
19,504

Other creditors
20,280,327
13,642,058

21,645,406
13,685,562



8.


Related party transactions

At 29 September 2024, the director was owed £1,557,680 (2023: £2,402,641) by the Group. No intereest was accounted for on this loan.


9.


Controlling party

Ultimate control rests with Mr. Mohammed Adnan Imam, who control the group.

 
Page 7