IGROUP GLOBAL LIMITED

Company Registration Number:
13674772 (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

IGROUP GLOBAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

IGROUP GLOBAL LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 888,000 2,587,000
Investments: 4 1,813,000 1,760,000
Total fixed assets: 2,701,000 4,347,000
Current assets
Stocks: 0 0
Debtors: 5 133,000 35,000
Cash at bank and in hand: 0 1,000
Investments:   0 0
Total current assets: 133,000 36,000
Creditors: amounts falling due within one year: 6 (1,037,000) (1,572,000)
Net current assets (liabilities): (904,000) (1,536,000)
Total assets less current liabilities: 1,797,000 2,811,000
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 1,797,000 2,811,000
Capital and reserves
Called up share capital: 125 125
Share premium account: 2,899,875 2,899,875
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (1,103,000) (89,000)
Shareholders funds: 1,797,000 2,811,000

The notes form part of these financial statements

IGROUP GLOBAL 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 19 September 2025
and signed on behalf of the board by:

Name: Chester King
Status: Director

The notes form part of these financial statements

IGROUP GLOBAL 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 represents the amounts (excluding value added tax) derived from the provision of goods and services to third party customers. Turnover is recognised when goods and services have been supplied to and accepted by the Company’s clients. When the outcome of a construction contract can be estimated reliably, revenue is recognised based on the proportion of cost appropriate to the stage of completion plus attributable profits, less amounts recognised in previous years. When the outcome of a construction contract cannot be estimated reliably revenue is recognised only to the extent of contract costs incurred that it is probable will be recoverable and the Company recognises contract costs as an expense in the period in which they are incurred. Fees are recognised over the period of the relevant assignments or agreements.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of tangible fixed assets have different useful lives, they are accounted for as separate items of tangible fixed assets. Depreciation is charged to the profit and loss account to write off the cost less the estimated residual value of each part of an item of tangible fixed assets on a straight-line basis over their estimated useful economic lives as follows: Fixtures, fittings and equipment - 10% to 33.3% Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since the last annual reporting date in the pattern by which the Company expects to consume an asset’s future economic benefits.

IGROUP GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

IGROUP GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 2,587,000
Additions 0
Disposals (1,699,000)
Revaluations 0
Transfers 0
At 31 December 2024 888,000
Depreciation
At 01 January 2024 0
Charge for year 0
On disposals 0
Other adjustments 0
At 31 December 2024 0
Net book value
At 31 December 2024 888,000
At 31 December 2023 2,587,000

IGROUP GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Fixed investments

2024: Shares in unlisted companies - £nil Motor vehicles held for investment purposes - £1,061,000 Shares in group undertakings - £752,000 Total at end of year - £1,813,000 2023: Shares in unlisted companies - £699,000 Motor vehicles held for investment purposes - £1,061,000 Shares in group undertakings - £nil Total at end of year - £1,760,000

IGROUP GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

2024: Other debtors - £88,000 Prepayments and accrued income - £45,000 Total - £133,000

IGROUP GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

2024: Obligations under hire purchase contracts - £nil Directors loan - £18,000 Trade creditors - £31,000 Other creditors - £50,000 Amount owed to related parties - £907,000 Accruals - £34,000 Total creditors due within one year - £1,037,000 2023: Obligations under hire purchase contracts - £100,000 Directors loan - £128,000 Trade creditors - £nil Other creditors - £700,000 Amount owed to related parties - £596,000 Accruals - £48,000 Total creditors due within one year - £1,572,000