Ivy Group Holdings Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 14990659 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2024 to 31 March 2025

for

Ivy Group Holdings Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R S Winchle

C E Winchle

REGISTERED OFFICE:

14 Wheatstone Court

Quedgeley

Gloucester

GL2 2AQ

REGISTERED NUMBER:

14990659 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

FIXED ASSETS

Investments

4

2

Investment property

5

400,000

400,002

CURRENT ASSETS

Debtors

6

278,158

120,408

Cash at bank

23,885

12,393

302,043

132,801

CREDITORS

Amounts falling due within one year

7

15,831

15,101

NET CURRENT ASSETS

286,212

117,700

TOTAL ASSETS LESS CURRENT
LIABILITIES

686,214

517,702

CREDITORS

Amounts falling due after more than one
year

8

(236,099

)

(242,980

)

PROVISIONS FOR LIABILITIES

(8,468

)

(8,468

)

NET ASSETS

441,647

266,254

CAPITAL AND RESERVES

Called up share capital

2

Fair value reserve

25,403

Retained earnings

416,242

240,849

SHAREHOLDERS' FUNDS

441,647

266,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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.

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 26 August 2025 and were signed on its behalf by:

C E Winchle - Director

R S Winchle - Director

1.	STATUTORY INFORMATION

Ivy Group Holdings Ltd 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.

Preparation of consolidated financial statements

The financial statements contain information about Ivy Group Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

Cost

At 1 August 2024

and 31 March 2025

2

Net book value

At 31 March 2025

2

At 31 July 2024

2

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 August 2024

and 31 March 2025

400,000

Net book value

At 31 March 2025

400,000

At 31 July 2024

400,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

33,871

Cost

366,129

400,000

If the investment property had not been revalued it would have been included at the following historical cost:

31/3/25

31/7/24

£

Cost

366,129

The investment property was valued on an open market basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/7/24

£

Amounts owed by group undertakings

271,174

120,408

Other debtors

6,984

-

278,158

120,408

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/7/24

£

Bank loans and overdrafts

10,297

Taxation and social security

4,634

3,604

Other creditors

900

1,200

15,831

15,101

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/3/25

31/7/24

£

Bank loans

236,099

242,980

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

185,678

192,559

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/7/24

£

Bank loans

246,396

253,277

National Westminster Bank Plc hold a fixed charge over the company's investment property created on 31 August 2023.

National Westminster Bank Plc also hold a fixed and floating charge over all the property or undertakings of the company created on 17 August 2023.

10.	RELATED PARTY DISCLOSURES

Ivy Resource Group Ltd

Wholly owned subsidiary

During the period the company purchased 100% of the share capital of Ivy Resource Group Ltd. Ivy Resource Group Ltd has loaned funds to the company to assist with the purchase of the investment property and has received dividends from the subsidiary.

At 31 March 2025 the company is owed £271,174 (2024 - £120,408) by the subsidiary and this loan is interest free and has no fixed repayment terms.

The company rents the investment property to Ivy Resource Group Ltd. Rent, charged at market rate, of £32,000 (2024 - £40,000) was invoiced during the period.