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Company Registration No. 11523927 (England and Wales)
I PRIVATE LEISURE LIMITED Unaudited accounts for the year ended 31 August 2024
I PRIVATE LEISURE LIMITED Unaudited accounts Contents
Page
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I PRIVATE LEISURE LIMITED Company Information for the year ended 31 August 2024
Directors
Mr Lung Lai Tan Boon Mong Eng Mr Lung Lai Tan Boon Mong Eng
Company Number
11523927 (England and Wales)
Registered Office
FLAT 5 TRINITY COURT LONDON W2 6HN ENGLAND
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I PRIVATE LEISURE LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,181 
2,181 
Current assets
Inventories
1,632,700 
1,868,680 
Debtors
542,615 
5,426 
Cash at bank and in hand
185,539 
184,364 
2,360,854 
2,058,470 
Creditors: amounts falling due within one year
(2,288,811)
(1,988,126)
Net current assets
72,043 
70,344 
Total assets less current liabilities
74,224 
72,525 
Creditors: amounts falling due after more than one year
(32,879)
(40,000)
Net assets
41,345 
32,525 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
41,245 
32,425 
Shareholders' funds
41,345 
32,525 
For the year ending 31 August 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2025 and were signed on its behalf by
Mr Lung Lai Tan Director Company Registration No. 11523927
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I PRIVATE LEISURE LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
I PRIVATE LEISURE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11523927. The registered office is FLAT 5 TRINITY COURT, LONDON, W2 6HN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
2,764 
At 31 August 2024
2,764 
Depreciation
At 1 September 2023
583 
At 31 August 2024
583 
Net book value
At 31 August 2024
2,181 
At 31 August 2023
2,181 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
91,889 
5,426 
Trade debtors
450,726 
- 
542,615 
5,426 
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I PRIVATE LEISURE LIMITED Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
440,000 
31,976 
Taxes and social security
2,069 
7,605 
Loans from directors
1,846,742 
1,948,545 
2,288,811 
1,988,126 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
32,879 
40,000 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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