REGISTERED NUMBER: 07620882 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

IMOVEPROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R T Barbara

G E Lake

REGISTERED OFFICE:

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

REGISTERED NUMBER:

07620882 (England and Wales)

ACCOUNTANTS:

Edwards Chartered Accountants

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

FIXED ASSETS

Tangible assets

4

356,756

394,970

Investments

5

94,330

61,580

451,086

456,550

CURRENT ASSETS

Debtors

6

77,824

92,898

Cash at bank

13,565

4,163

91,389

97,061

CREDITORS

Amounts falling due within one year

7

265,924

238,843

NET CURRENT LIABILITIES

(174,535

)

(141,782

)

TOTAL ASSETS LESS CURRENT LIABILITIES

276,551

314,768

CREDITORS

Amounts falling due after more than one year

8

(255,331

)

(286,420

)

PROVISIONS FOR LIABILITIES

(21,156

)

(28,177

)

NET ASSETS

64

171

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

58

165

SHAREHOLDERS' FUNDS

64

171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 23 September 2025 and were signed on its behalf by:

G E Lake - Director

1.	STATUTORY INFORMATION

Imoveproperty Limited 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2023

251,876

79,387

202,382

533,645

Additions

-

3,738

-

3,738

Disposals

-

(1,456

)

-

(1,456

)

At 30 September 2024

251,876

81,669

202,382

535,927

DEPRECIATION

At 1 October 2023

5,209

64,023

69,443

138,675

Charge for year

1,259

7,458

33,235

41,952

Eliminated on disposal

-

(1,456

)

-

(1,456

)

At 30 September 2024

6,468

70,025

102,678

179,171

NET BOOK VALUE

At 30 September 2024

245,408

11,644

99,704

356,756

At 30 September 2023

246,667

15,364

132,939

394,970

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 October 2023

and 30 September 2024

202,382

DEPRECIATION

At 1 October 2023

69,443

Charge for year

33,235

At 30 September 2024

102,678

NET BOOK VALUE

At 30 September 2024

99,704

At 30 September 2023

132,939

5.	FIXED ASSET INVESTMENTS

Interest

in joint

venture

£

COST

At 1 October 2023

61,580

Additions

32,750

At 30 September 2024

94,330

NET BOOK VALUE

At 30 September 2024

94,330

At 30 September 2023

61,580

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

77,824

92,898

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

25,846

35,714

Taxation and social security

204,382

182,967

Other creditors

25,696

10,162

265,924

238,843

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

6,667

16,667

Hire purchase contracts

82,946

97,175

Other creditors

165,718

172,578

255,331

286,420

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

165,718

172,578

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £93,800 were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors, jointly.