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Registered number: 06799165
Ingot Properties Limited
Financial Statements
For The Year Ended 31 March 2025
Sloane & Co. LLP
Chartered Certified Accountants & Business Advisors
Office 015
30 Great Guildford Street
Borough, London
SE1 0HS
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 06799165
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 12,684 16,977
12,684 16,977
CURRENT ASSETS
Debtors 6 41,476 68,973
Cash at bank and in hand 944,986 816,134
986,462 885,107
Creditors: Amounts Falling Due Within One Year 7 (208,417 ) (123,008 )
NET CURRENT ASSETS (LIABILITIES) 778,045 762,099
TOTAL ASSETS LESS CURRENT LIABILITIES 790,729 779,076
NET ASSETS 790,729 779,076
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Income Statement 789,729 778,076
SHAREHOLDERS' FUNDS 790,729 779,076
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Ms Jennifer Gregory Dade
Director
Mr Benjamin Gershon
Director
27 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ingot Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06799165 . The registered office is 1 Purley Road, Purley, Croyden, Surrey, CR8 2HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 3 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% straight line
Plant & Machinery 25% straight line
Fixtures & Fittings 25% straight line
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 14)
11 14
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 46,400
As at 31 March 2025 46,400
Amortisation
As at 1 April 2024 46,400
As at 31 March 2025 46,400
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 47,378 24,966 43,052 115,396
Additions - - 5,594 5,594
As at 31 March 2025 47,378 24,966 48,646 120,990
Depreciation
As at 1 April 2024 47,378 22,825 28,216 98,419
Provided during the period - 1,071 8,816 9,887
As at 31 March 2025 47,378 23,896 37,032 108,306
Net Book Value
As at 31 March 2025 - 1,070 11,614 12,684
As at 1 April 2024 - 2,141 14,836 16,977
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 16,926 61,473
Other debtors 24,550 7,500
41,476 68,973
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 13,959 6,683
Other creditors 6,026 7,091
Taxation and social security 188,432 109,234
208,417 123,008
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
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