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REGISTERED NUMBER: 05040518 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

INVESTCO PROPERTIES LIMITED

INVESTCO PROPERTIES LIMITED (REGISTERED NUMBER: 05040518)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INVESTCO PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr E L Benezra
Mr A Harris





SECRETARY: Mr A Harris





REGISTERED OFFICE: 55 Loudoun Road
St John's Wood
London
NW8 0DL





REGISTERED NUMBER: 05040518 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

INVESTCO PROPERTIES LIMITED (REGISTERED NUMBER: 05040518)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 70,687 98,788
Investments 5 - 58,545
70,687 157,333

CURRENT ASSETS
Debtors 6 1,090,294 923,197
Cash at bank 163 27,962
1,090,457 951,159
CREDITORS
Amounts falling due within one year 7 (1,097,694 ) (1,015,398 )
NET CURRENT LIABILITIES (7,237 ) (64,239 )
TOTAL ASSETS LESS CURRENT LIABILITIES 63,450 93,094

CREDITORS
Amounts falling due after more than one
year

8

(44,695

)

(69,535

)

PROVISIONS FOR LIABILITIES 11 (17,643 ) (19,630 )
NET ASSETS 1,112 3,929

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 112 2,929
SHAREHOLDERS' FUNDS 1,112 3,929

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

INVESTCO PROPERTIES LIMITED (REGISTERED NUMBER: 05040518)

BALANCE SHEET - continued
31 AUGUST 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 28 August 2025 and were signed on its behalf by:




Mr A Harris - Director



Mr E L Benezra - Director


INVESTCO PROPERTIES LIMITED (REGISTERED NUMBER: 05040518)

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


1. STATUTORY INFORMATION

Investco Properties Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Rental income and commission fees measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - evenly over the period of the lease
Fixtures and fittings - 25% on cost
Motor vehicles - 33% straight line
Computer equipment - 25% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

INVESTCO PROPERTIES LIMITED (REGISTERED NUMBER: 05040518)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Other investments
Other investments are included in the balance sheet at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 25,682 2,181 73,767 34,204 135,834
Additions - 1,002 5,882 1,373 8,257
At 31 August 2024 25,682 3,183 79,649 35,577 144,091
DEPRECIATION
At 1 September 2023 1,788 692 17,872 16,694 37,046
Charge for year 1,630 636 25,360 8,732 36,358
At 31 August 2024 3,418 1,328 43,232 25,426 73,404
NET BOOK VALUE
At 31 August 2024 22,264 1,855 36,417 10,151 70,687
At 31 August 2023 23,894 1,489 55,895 17,510 98,788

INVESTCO PROPERTIES LIMITED (REGISTERED NUMBER: 05040518)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 71,805
DEPRECIATION
At 1 September 2023 16,946
Charge for year 23,935
At 31 August 2024 40,881
NET BOOK VALUE
At 31 August 2024 30,924
At 31 August 2023 54,859

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 September 2023 58,545
Additions 61,750
Impairments (120,295 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 58,545

Cost or valuation at 31 August 2024 is represented by:

Unlisted
investments
£   
Valuation in 2024 (120,295 )
Cost 120,295

INVESTCO PROPERTIES LIMITED (REGISTERED NUMBER: 05040518)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 379,394 365,656
Other debtors 710,900 557,541
1,090,294 923,197

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts (see note 9) 10,925 10,000
Hire purchase contracts 8,329 8,465
Trade creditors 131,280 19,495
Taxation and social security 905,220 955,528
Other creditors 41,940 21,910
1,097,694 1,015,398

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 9) 7,925 17,942
Hire purchase contracts 36,770 51,593
44,695 69,535

9. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 925 -
Bank loans 10,000 10,000
10,925 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,925 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 7,942

INVESTCO PROPERTIES LIMITED (REGISTERED NUMBER: 05040518)

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


10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts 45,099 60,058

Hire purchase liabilities are secured over the asset financed.

11. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 17,643 19,630

Deferred
tax
£   
Balance at 1 September 2023 19,630
Provided during year (1,987 )
Balance at 31 August 2024 17,643

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 August 2024 and the period ended 31 August 2023:

31.8.24 31.8.23
£    £   
Mr E L Benezra
Balance outstanding at start of year 22,570 -
Amounts advanced 129,151 22,570
Amounts repaid (37,236 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 114,485 22,570

Mr A Harris
Balance outstanding at start of year 50,000 -
Amounts advanced 135,392 50,000
Amounts repaid (82,386 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 103,006 50,000