COMPANY REGISTRATION NUMBER:
05719176
|
Nick Ibbotson Developments Limited |
|
|
Filleted Unaudited Abridged Financial Statements |
|
|
Nick Ibbotson Developments Limited |
|
|
Abridged Statement of Financial Position |
|
31 March 2025
Fixed Assets
|
Investments |
5 |
|
367,927 |
367,927 |
|
|
|
|
|
Current Assets
|
Debtors |
423 |
|
423 |
|
Cash at bank and in hand |
2,685 |
|
2,531 |
|
------- |
|
------- |
|
3,108 |
|
2,954 |
|
|
|
|
|
Creditors: amounts falling due within one year |
255,802 |
|
268,600 |
|
--------- |
|
--------- |
|
Net Current Liabilities |
|
252,694 |
265,646 |
|
|
--------- |
--------- |
|
Total Assets Less Current Liabilities |
|
115,233 |
102,281 |
|
|
|
|
|
Provisions |
|
18,824 |
18,824 |
|
|
--------- |
--------- |
|
Net Assets |
|
96,409 |
83,457 |
|
|
--------- |
--------- |
|
|
|
|
Capital and Reserves
|
Called up share capital |
6 |
|
1 |
1 |
|
Profit and loss account |
|
96,408 |
83,456 |
|
|
-------- |
-------- |
|
Shareholders Funds |
|
96,409 |
83,457 |
|
|
-------- |
-------- |
|
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.
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Nick Ibbotson Developments Limited |
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Abridged Statement of Financial Position (continued) |
|
31 March 2025
These abridged financial statements were approved by the
board of directors
and authorised for issue on
7 July 2025
, and are signed on behalf of the board by:
Company registration number:
05719176
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Nick Ibbotson Developments Limited |
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Notes to the Abridged Financial Statements |
|
Year Ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Meadow Vale, Millcross Lane, Barlow, Dronfield, S18 7TT.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have ben prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2024:
1
).
5.
Investments
|
£ |
|
Cost |
|
|
At 1 April 2024 and 31 March 2025 |
367,927 |
|
--------- |
|
Impairment |
|
|
At 1 April 2024 and 31 March 2025 |
– |
|
--------- |
|
Carrying amount |
|
|
At 31 March 2025 |
367,927 |
|
--------- |
|
At 31 March 2024 |
367,927 |
|
--------- |
|
|
6.
Called up share capital
Issued, called up and fully paid
|
2025 |
2024 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
1 |
1 |
1 |
1 |
|
---- |
---- |
---- |
---- |
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|
|
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7.
Director's advances, credits and guarantees
There are no directors advances, credits or guarantees requiring disclosure.