International House (CI) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12344642 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

International House (CI) Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

M Chittenden

B Norman

REGISTERED OFFICE:

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

REGISTERED NUMBER:

12344642 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of International House (CI) Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of International House (CI) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of International House (CI) Ltd and state those matters that we have agreed to state to the Board of Directors of International House (CI) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than International House (CI) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that International House (CI) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of International House (CI) Ltd. You consider that International House (CI) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of International House (CI) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

9 September 2025

FIXED ASSETS

Investment property

4

2,070,857

CURRENT ASSETS

Debtors

5

255,789

243,088

Investments

6

82

Cash at bank

2,395

14,865

258,266

258,035

CREDITORS

Amounts falling due within one year

7

599,220

570,638

NET CURRENT LIABILITIES

(340,954

)

(312,603

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,729,903

1,758,254

CREDITORS

Amounts falling due after more than one
year

8

(1,080,773

)

(1,080,773

)

PROVISIONS FOR LIABILITIES

(177,963

)

(177,963

)

NET ASSETS

471,167

499,518

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

471,067

499,418

471,167

499,518

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

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

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 9 September 2025 and were signed on its behalf by:

M Chittenden - Director

1.	STATUTORY INFORMATION

International House (CI) 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.

Turnover

Turnover represents rental income received or receivable from investments in UK properties, excluding discounts and other sales taxes.

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 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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

2,070,857

NET BOOK VALUE

At 31 December 2024

2,070,857

At 31 December 2023

2,070,857

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

2,000,000

Valuation in 2022

53,564

Valuation in 2023

17,293

2,070,857

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Trade debtors

9,062

1,600

Other debtors

246,727

241,488

255,789

243,088

6.	CURRENT ASSET INVESTMENTS

31/12/24

31/12/23

£

Unlisted investments

82

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Bank loans and overdrafts

48

-

Trade creditors

52,636

4,118

Taxation and social security

62

1,181

Other creditors

546,474

565,339

599,220

570,638

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/12/24

31/12/23

£

Bank loans

1,080,773

31/12/24

31/12/23

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,080,773

9.	SECURED DEBTS

Shawbrook Bank Limited holds a fixed charge over the company's freehold property, fixtures and fittings, related rights.

The outstanding amount at balance sheet date in regard to this loan was £1,080,773.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the Company has balances due to B Norman £36,485 (2023: 36,485) and M Chittenden £5,070 (2023: £821)

Within other debtors is £45,000 (2023: £45,000) owed to Sand Dunes Essex Ltd and Capcoin Investments Ltd £195,000 (2023 : £195,000l). Both companies have a common director and shareholder.

Included in other creditors is £84,362 (2023: £122,021) owed to MRM47 Ltd and £350,000 (2023: £350,000) owed to The Manor by the Lake Cheltenham Ltd. M Chittenden is a director and shareholder of both these companies.

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party in the opinion of the directors.