Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-272024-09-272023-04-01falseThe principal activity of the company continued to be that of property development.00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10897606 2023-04-01 2024-09-27 10897606 2022-04-01 2023-03-31 10897606 2024-09-27 10897606 2023-03-31 10897606 2022-04-01 10897606 c:Director1 2023-04-01 2024-09-27 10897606 d:CurrentFinancialInstruments 2024-09-27 10897606 d:CurrentFinancialInstruments 2023-03-31 10897606 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-27 10897606 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10897606 d:ShareCapital 2023-04-01 2024-09-27 10897606 d:ShareCapital 2024-09-27 10897606 d:ShareCapital 2022-04-01 2023-03-31 10897606 d:ShareCapital 2023-03-31 10897606 d:ShareCapital 2022-04-01 10897606 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-09-27 10897606 d:RetainedEarningsAccumulatedLosses 2024-09-27 10897606 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 10897606 d:RetainedEarningsAccumulatedLosses 2023-03-31 10897606 d:RetainedEarningsAccumulatedLosses 2022-04-01 10897606 c:FRS102 2023-04-01 2024-09-27 10897606 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-09-27 10897606 c:FullAccounts 2023-04-01 2024-09-27 10897606 c:PrivateLimitedCompanyLtd 2023-04-01 2024-09-27 10897606 e:PoundSterling 2023-04-01 2024-09-27 iso4217:GBP xbrli:pure

Registered number: 10897606









IPE CREEKSIDE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 27 SEPTEMBER 2024

 
IPE CREEKSIDE LIMITED
REGISTERED NUMBER: 10897606

BALANCE SHEET
AS AT 27 SEPTEMBER 2024

27 September
31 March
2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
337,650
380,000

Debtors: amounts falling due within one year
 5 
31,100
10,097

Cash at bank and in hand
 6 
10
467

  
368,760
390,564

Creditors: amounts falling due within one year
 7 
(617,975)
(692,654)

Net current liabilities
  
 
 
(249,215)
 
 
(302,090)

Total assets less current liabilities
  
(249,215)
(302,090)

  

Net liabilities
  
(249,215)
(302,090)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(249,315)
(302,190)

  
(249,215)
(302,090)


Page 1

 
IPE CREEKSIDE LIMITED
REGISTERED NUMBER: 10897606
    
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: 27 June 2025

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

Page 2

 
IPE CREEKSIDE 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
(302,190)
(302,090)


Comprehensive income for the period

Profit for the period

-
52,875
52,875


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
52,875
52,875


Total transactions with owners
-
-
-


At 27 September 2024
100
(249,315)
(249,215)


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

Page 3

 
IPE CREEKSIDE 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
(1,046,534)
(1,046,434)


Comprehensive income for the year

Profit for the year

-
744,344
744,344


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
744,344
744,344


Total transactions with owners
-
-
-


At 31 March 2023
100
(302,190)
(302,090)


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

Page 4

 
IPE CREEKSIDE 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
The Company's principal activity continued to be 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:

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 CREEKSIDE LIMITED
 
 
 
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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately 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.

 
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

Page 6

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

4.


Stocks

27 September
31 March
2024
2023
£
£

Work in progress (goods to be sold)
337,650
380,000

337,650
380,000



5.


Debtors

27 September
31 March
2024
2023
£
£


Amounts owed by group undertakings
-
10,097

Other debtors
31,100
-

31,100
10,097



6.


Cash and cash equivalents

27 September
31 March
2024
2023
£
£

Cash at bank and in hand
10
467

10
467


Page 7

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

7.


Creditors: Amounts falling due within one year

27 September
31 March
2024
2023
£
£

Bank loans
33,673
43,273

Trade creditors
82,713
129,313

Amounts owed to group undertakings
147,876
-

Other taxation and social security
9,213
75,568

Other creditors
344,500
444,500

617,975
692,654



8.


Related party transactions

As at the year end the company owes to IPE Group (Holdings) Ltd for £147,876 (2023:-£10,097) the ultimate parent compny up until 15/09/2024. As of the reporting period, Mr. Mohammed Adnan Imam is the controlling party of the company by virtue of his shareholding


27 September
31 March
2024
2023
£
£

IPE Group (Holdings) Ltd
-
-
-
-


9.


Controlling party

As at the year end the company owes to IPE Group (Holdings) Ltd for £147,876 (2023:-£10,096) the ultimate parent compny up until 15/09/2024. As of the reporting period, Mr. Mohammed Adnan Imam is the controlling party of the company by virtue of his
shareholding.

Page 8