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REGISTERED NUMBER: 09803797 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

I AND G ACUMEN LTD

I AND G ACUMEN LTD (REGISTERED NUMBER: 09803797)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


I AND G ACUMEN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr G J Gibbons
Mr I Gibbons





REGISTERED OFFICE: Plas Bach
North Street
Haverfordwest
Pembrokeshire
SA61 2JQ





REGISTERED NUMBER: 09803797 (England and Wales)





ACCOUNTANTS: Brookes Stephens
New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

I AND G ACUMEN LTD (REGISTERED NUMBER: 09803797)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 541 721
Investment property 6 370,000 370,000
370,541 370,721

Current assets
Debtors 7 3,127 3,259
Cash at bank 7,463 13,703
10,590 16,962
Creditors
Amounts falling due within one year 8 95,982 105,738
Net current liabilities (85,392 ) (88,776 )
Total assets less current liabilities 285,149 281,945

Creditors
Amounts falling due after more than one
year

9

(213,702

)

(213,713

)

Provisions for liabilities (12,728 ) (12,728 )
Net assets 58,719 55,504

Capital and reserves
Called up share capital 11 200 200
Non distributable reserve 12 54,260 54,260
Retained earnings 12 4,259 1,044
Shareholders' funds 58,719 55,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

I AND G ACUMEN LTD (REGISTERED NUMBER: 09803797)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:





Mr I Gibbons - Director


I AND G ACUMEN LTD (REGISTERED NUMBER: 09803797)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

I And G Acumen Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

I AND G ACUMEN LTD (REGISTERED NUMBER: 09803797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 1,254
DEPRECIATION
At 1 November 2023 533
Charge for year 180
At 31 October 2024 713
NET BOOK VALUE
At 31 October 2024 541
At 31 October 2023 721

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 370,000
NET BOOK VALUE
At 31 October 2024 370,000
At 31 October 2023 370,000

The total purchase price of 18 Harleyburn, Wilnecote, Tamworth, B77 4BL, including associated costs, was £162,602.

The total purchase price of 69 Barnbridge, Tamworth, B77 1DF , including associated costs, was £140,411.

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2017 (7,602 )
Valuation in 2018 17,000
Valuation in 2020 8,000
Valuation in 2021 29,589
Valuation in 2022 20,000
Cost 303,013
370,000

I AND G ACUMEN LTD (REGISTERED NUMBER: 09803797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 303,013 303,013

The investment properties were valued on an open market basis on 31 October 2024 by the directors .

The directors are of the opinion that the valuation of both properties is accurate at the year end.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,127 3,259

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 81 -
Other creditors 95,901 105,738
95,982 105,738

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 213,702 213,713

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 213,702 213,713

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 213,702 213,713

The mortgages are secured against the two investment properties owned by the company.

I AND G ACUMEN LTD (REGISTERED NUMBER: 09803797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

12. RESERVES
Non
Retained distributable
earnings reserve Totals
£    £    £   

At 1 November 2023 1,044 54,260 55,304
Profit for the year 3,215 3,215
At 31 October 2024 4,259 54,260 58,519

13. RELATED PARTY DISCLOSURES

At the year end, the company owed the directors £94,039 (2023: £103,974). These loans are interest free and repayable on demand.