Company Registration No. SC641009 (Scotland)
IBI Holdings Ltd
Unaudited financial statements
for the year ended 30 April 2025
Pages for filing with the registrar
IBI Holdings Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
IBI Holdings Ltd
Statement of financial position
As at 30 April 2025
30 April 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
1,296,864
778,640
Investments
4
200
200
1,297,064
778,840
Current assets
Debtors
5
22,411
111,723
Cash at bank and in hand
125,380
18,684
147,791
130,407
Creditors: amounts falling due within one year
6
(752,905)
(455,929)
Net current liabilities
(605,114)
(325,522)
Total assets less current liabilities
691,950
453,318
Creditors: amounts falling due after more than one year
7
(417,899)
(187,701)
Provisions for liabilities
(5,014)
(3,939)
Net assets
269,037
261,678
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
268,837
261,478
Total equity
269,037
261,678
IBI Holdings Ltd
Statement of financial position (continued)
As at 30 April 2025
30 April 2025
2

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 4 September 2025 and are signed on its behalf by:
Brian Innes
Director
Company Registration No. SC641009
IBI Holdings Ltd
Notes to the financial statements
For the year ended 30 April 2025
3
1
Accounting policies
Company information

IBI Holdings Ltd is a private company limited by shares incorporated in Scotland. The registered office is Brackley House, Gollanfield, Inverness, IV2 7QT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment property at fair value. The principal accounting policies adopted are set out below.

1.2
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

In determining the fair value of the investment property, the Director makes use of historical and current market data as well as existing lease agreements.

1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

IBI Holdings Ltd
Notes to the financial statements (continued)
For the year ended 30 April 2025
1
Accounting policies (continued)
4
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

IBI Holdings Ltd
Notes to the financial statements (continued)
For the year ended 30 April 2025
5
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
1
3
Investment property
2025
£
Fair value
At 1 May 2024
778,640
Additions
518,224
At 30 April 2025
1,296,864

The fair value of the investment property has been arrived at on the basis of a valuation carried out on 17 May 2024 by Graham & Sibbald and information regarding the increase in value due to a potential new tenant renting the land. During 2025, four new properties were purchased.

The historical cost of the investment property is £1,296,864 (2024 - £778,640).

4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
200
200
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
833
13,918
Amounts owed by group undertakings
16,744
85,000
Other debtors
4,834
12,805
22,411
111,723
IBI Holdings Ltd
Notes to the financial statements (continued)
For the year ended 30 April 2025
6
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
17,101
11,126
Trade creditors
3,814
1,276
Corporation tax
11,970
-
0
Other taxation and social security
2,493
4,405
Other creditors
717,527
439,122
752,905
455,929

The bank loan is secured against the company's property.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
417,899
187,701

The bank loan is secured against the company's property.

8
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Other related parties
16,744
85,000
2025-04-30 2024-05-01 false false false 04 September 2025 CCH Software CCH Accounts Production 2024.301 No description of principal activity Brian Innes Sherrel Innes SC641009 2024-05-01 2025-04-30 SC641009 2025-04-30 SC641009 2024-04-30 SC641009 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 SC641009 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 SC641009 core:Non-currentFinancialInstruments core:AfterOneYear 2025-04-30 SC641009 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 SC641009 core:CurrentFinancialInstruments 2025-04-30 SC641009 core:CurrentFinancialInstruments 2024-04-30 SC641009 core:ShareCapital 2025-04-30 SC641009 core:ShareCapital 2024-04-30 SC641009 core:RetainedEarningsAccumulatedLosses 2025-04-30 SC641009 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC641009 bus:Director1 2024-05-01 2025-04-30 SC641009 2023-05-01 2024-04-30 SC641009 2024-04-30 SC641009 core:WithinOneYear 2025-04-30 SC641009 core:WithinOneYear 2024-04-30 SC641009 core:Non-currentFinancialInstruments 2025-04-30 SC641009 core:Non-currentFinancialInstruments 2024-04-30 SC641009 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC641009 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 SC641009 bus:FRS102 2024-05-01 2025-04-30 SC641009 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 SC641009 bus:Director2 2024-05-01 2025-04-30 SC641009 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP