| UK IMPERIAL INVESTMENT LIMITED |
| Registered number: |
10981875 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Current assets |
| Debtors |
4 |
|
8,538,548 |
|
|
8,526,235 |
| Cash at bank and in hand |
|
|
6 |
|
|
6 |
|
|
|
8,538,554 |
|
|
8,526,241 |
|
| Creditors: amounts falling due within one year |
5 |
|
(20,147,130) |
|
|
(19,584,965) |
|
| Net current liabilities |
|
|
|
(11,608,576) |
|
|
(11,058,724) |
|
| Net liabilities |
|
|
|
(11,608,576) |
|
|
(11,058,724) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
(11,609,576) |
|
|
(11,059,724) |
|
| Shareholders' funds |
|
|
|
(11,608,576) |
|
|
(11,058,724) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr. Hasan Peker |
| Director |
| Approved by the board on 26 September 2025 |
|
| UK IMPERIAL INVESTMENT LIMITED |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
Fixtures, fittings and Plant and machinery |
over 5 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
| 2 |
Judgements and key sources of estimation uncertainty |
|
|
In the application of the company’s accounting policies, the director is required to makejudgements, estimatesand assumptions about the carrying amount of assets andliabilities that are not readily apparent from othersources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewedthe on an ongoing basis. Revisions to accounting estimates are recognised in the period in which estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
|
|
|
| 3 Exceptional item |
|
|
|
|
|
|
2023 |
|
2022 |
|
|
|
|
|
|
£ |
|
£ |
|
Expenditure |
|
Inter-company write-off |
0 |
|
-39,168,870 |
|
|
|
|
|
|
|
|
|
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
| Investments in |
| subsidiary |
Other |
| undertakings |
investments |
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 January 2024 |
13,638,905 |
|
(13,638,905) |
|
- |
|
|
At 31 December 2024 |
13,638,905 |
|
(13,638,905) |
|
- |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
8,538,548 |
|
8,526,235 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
4,000 |
|
4,032 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
20,143,130 |
|
19,580,932 |
|
Other creditors |
- |
|
1 |
|
|
|
|
|
|
20,147,130 |
|
19,584,965 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Directors' transactions |
|
|
At the year end date, included in other creditors is an amount of £0 (2023: £0) due to the director. The balance is interest free and has no fixed repayment terms. |
|
|
| 7 |
Related party transactions |
|
|
At the year end date the balances due to related parties amounted to £20,143,130 (2023: £19,580,933).
At the year end date the balances due from related parties amounted to £2,449,291 (2023: £2,452,360 ). |
|
|
| 8 |
Controlling party |
|
|
The ultimate controlling party is Mr Hasan Peker as director and majority shareholder in the current as well as in the previous year |
|
|
| 9 |
Other information |
|
|
UK IMPERIAL INVESTMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
183 Angel Place |
|
Fore Street |
|
Edmonton |
|
London |
|
N18 2UD |