ACCOUNTS - Final Accounts

Registered number: 03157836

INFRASTRUCTURE PROJECT DEVELOPMENT LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


INFRASTRUCTURE PROJECT DEVELOPMENT LTD

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


INFRASTRUCTURE PROJECT DEVELOPMENT LTD REGISTERED NUMBER:03157836

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		413		656
Current assets
Debtors: amounts falling due within one year	5	36,093		45,952
Cash at bank and in hand		1,576		1,576
		37,669		47,528
Creditors: amounts falling due within one year	6	(64,562)		(46,109)
Net current (liabilities)/assets			(26,893)		1,419
Total assets less current liabilities			(26,480)		2,075
Provisions for liabilities
Deferred tax	7		(79)		(125)
Net (liabilities)/assets			(26,559)		1,950

Capital and reserves
Called up share capital	8	261	261
Share premium account		24,958	24,958
Profit and loss account		(51,778)	(23,269)
		(26,559)	1,950

Page 1


INFRASTRUCTURE PROJECT DEVELOPMENT LTD REGISTERED NUMBER:03157836

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

T Laufer

Director

Date: 24 September 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


INFRASTRUCTURE PROJECT DEVELOPMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Infrastructure Project Development Limited is a limited liability company registered in England and Wales with its registered office at Titan Court, 3 Bishops Square Business Park, Hatfield, Hertfordshire, AL10 9NA.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The principal activity of the company continued to be that of contractors in Sub Saharan Africa.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on the assumption that the company is able to carry on business as a going concern. The directors consider that this is appropriate as one of the shareholders, has provided an unlimited guarantee against the banking facilities and will provide loans to the company as required to enable it to continue trading for the foreseeable future.

2.3

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
Revenue is recognised at the point that the right to receive consideration arises.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3


INFRASTRUCTURE PROJECT DEVELOPMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Debtors

Short term and long term debtors are measured at transaction price, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

2.7

Creditors

Short term creditors are measured at the transaction price.

2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

Page 4


INFRASTRUCTURE PROJECT DEVELOPMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Fixtures & fittings
		£
	Cost
	At 1 January 2024	18,801
	At 31 December 2024	18,801
	Depreciation
	At 1 January 2024	18,145
	Charge for the year on owned assets	243
	At 31 December 2024	18,388
	Net book value
	At 31 December 2024	413
	At 31 December 2023	656

Debtors

					2024	2023
					£	£


Other debtors	34,899	44,877
Prepayments and accrued income	1,194	1,075
	36,093	45,952

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	17,681	7,643
Other creditors	41,181	33,185
Accruals and deferred income	5,700	5,281
	64,562	46,109

Page 5


INFRASTRUCTURE PROJECT DEVELOPMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Deferred taxation

		2024
		£

	At beginning of year	(125)
	Utilised in year	46
	At end of year	(79)

The provision for deferred taxation is made up as follows:
	2024	2023
	£	£

Accelerated capital allowances

(79)

(125)

8.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

4 (2023 - 4) Deferred Ordinary shares of £1 each	4	4
400 (2023 - 400) Ordinary US$ shares of $1 each	257	257

	261	261

Page 6