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IVY ESTATE MANAGEMENT LIMITED

Registered Number
13568878
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

IVY ESTATE MANAGEMENT LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

YIN, Junmei

Registered Address

35 Pond Street
London, England
NW3 2PN

Registered Number

13568878 (England and Wales)
IVY ESTATE MANAGEMENT LIMITED
Statement of Financial Position
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,303,4372,305,425
2,303,4372,305,425
Current assets
Debtors43783,194
Cash at bank and on hand79,21552,017
79,59355,211
Creditors amounts falling due within one year5(2,421,850)(2,387,697)
Net current assets (liabilities)(2,342,257)(2,332,486)
Total assets less current liabilities(38,820)(27,061)
Net assets(38,820)(27,061)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account(39,820)(28,061)
Shareholders' funds(38,820)(27,061)
The financial statements were approved and authorised for issue by the Director on 26 August 2025, and are signed on its behalf by:
YIN, Junmei
Director
Registered Company No. 13568878
IVY ESTATE MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year10
3.Tangible fixed assets

Land & buildings

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 September 232,292,96913,4791,6132,308,061
Additions--1,0881,088
At 31 August 242,292,96913,4792,7012,309,149
Depreciation and impairment
At 01 September 23-2,3402962,636
Charge for year-2,6963803,076
At 31 August 24-5,0366765,712
Net book value
At 31 August 242,292,9698,4432,0252,303,437
At 31 August 232,292,96911,1391,3172,305,425
4.Debtors: amounts due within one year

2024

2023

££
Prepayments and accrued income-516
Deferred tax asset, debtors3782,678
Total3783,194
5.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties2,415,7862,382,132
Accrued liabilities and deferred income6,0645,565
Total2,421,8502,387,697