REGISTERED NUMBER: 08815147 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

IVEBURY W10 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Michaud

K Haider

SECRETARY:

A Michaud

REGISTERED OFFICE:

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

REGISTERED NUMBER:

08815147 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Investment property

4

1,100,000

1,200,000

CURRENT ASSETS

Debtors

5

137,351

73,941

Cash at bank and in hand

70,487

52,415

207,838

126,356

CREDITORS

Amounts falling due within one year

6

835,213

781,094

NET CURRENT LIABILITIES

(627,375

)

(654,738

)

TOTAL ASSETS LESS CURRENT LIABILITIES

472,625

545,262

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

7

472,475

545,112

SHAREHOLDERS' FUNDS

472,625

545,262

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 30 September 2025 and were signed on its behalf by:

A Michaud - Director

1.	STATUTORY INFORMATION

Ivebury W10 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 as modified by the revaluation of certain assets.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

The validity of the going concern basis depends upon the continued support of the company directors/shareholders.

Turnover

Turnover represents rental income receivable from property lettings and is recognised by rental letting period dates.

Investment property

Investment property is carried at fair value. Revaluation surpluses or deficits are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

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

1,200,000

Revaluations

(100,000

)

At 31 December 2024

1,100,000

NET BOOK VALUE

At 31 December 2024

1,100,000

At 31 December 2023

1,200,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2015

50,944

Valuation in 2017

50,000

Valuation in 2024

(100,000

)

Cost

1,099,056

1,100,000

The directors consider the fair value of the investment property to be its open market value at the balance sheet date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

130,000

70,000

Accrued income

5,851

2,781

Prepayments

1,500

1,160

137,351

73,941

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,067

1,140

Tax

26,414

9,938

Other creditors

29,717

9,500

Loans

740,524

740,524

Deferred income

5,417

-

Accrued expenses

32,074

19,992

835,213

781,094

7.

RESERVES

Retained

earnings

£

At 1 January 2024

545,112

Deficit for the year

(72,637

)

At 31 December 2024

472,475

The retained earnings reserve includes investment property fair value gains net of deferred tax of £944 (2023: £100,944) that are not distributable.