IVTEMCO CLERKENWELL LIMITED

Company Registration Number:
12134653 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

IVTEMCO CLERKENWELL LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

IVTEMCO CLERKENWELL LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 3,714 9,466
Investments: 4 8,000,000 8,000,000
Total fixed assets: 8,003,714 8,009,466
Current assets
Debtors:   1,092,361 818,223
Cash at bank and in hand: 124,272 105,682
Total current assets: 1,216,633 923,905
Creditors: amounts falling due within one year:   (357,565) (331,416)
Net current assets (liabilities): 859,068 592,489
Total assets less current liabilities: 8,862,782 8,601,955
Provision for liabilities: (189,466) (189,466)
Total net assets (liabilities): 8,673,316 8,412,489
Capital and reserves
Called up share capital: 7,379,711 7,379,711
Revaluation reserve:5991,439991,439
Profit and loss account: 302,166 41,339
Shareholders funds: 8,673,316 8,412,489

The notes form part of these financial statements

IVTEMCO CLERKENWELL LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 September 2025
and signed on behalf of the board by:

Name: S C Brooks
Status: Director

The notes form part of these financial statements

IVTEMCO CLERKENWELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is derived from property rental income leased out under operating leases and is recognised on a straight line basis over the term of the lease.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Furniture - Straight line over 5 years Computers - Straight line over 3 years

Other accounting policies

Investment Property Investment property is initially measured at cost and subsequently fair value and is included under investments in the balance sheet. The cost includes the cost of the property and other costs directly attributable to the acquisition of the property, such as stamp duty, land tax, legal and professional fees. Any aggregate surplus or deficit arising from changes in fair value are recognised in the income statement and the revaluation reserve.

IVTEMCO CLERKENWELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

IVTEMCO CLERKENWELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 29,073
At 31 December 2024 29,073
Depreciation
At 01 January 2024 19,607
Charge for year 5,752
At 31 December 2024 25,359
Net book value
At 31 December 2024 3,714
At 31 December 2023 9,466

IVTEMCO CLERKENWELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Fixed investments

Investment property had a fair value of £8,000,000 at both 31 December 2024 and 31 December 2023 which consisted of a cost of £7,008,561 and revaluations totalling £991,439. There were no additions or fair value adjustments during the year.

IVTEMCO CLERKENWELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Revaluation reserve

2024
£
Balance at 01 January 2024 991,439
Surplus or deficit after revaluation 0
Balance at 31 December 2024 991,439