Registration number:
IGP UK Projects Limited
for the Period from 16 May 2024 to 31 December 2024
IGP UK Projects Limited
Contents
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
IGP UK Projects Limited
(Registration number: 15724555)
Balance Sheet as at 31 December 2024
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Note |
2024 |
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Fixed assets |
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Investments |
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Other financial assets |
103,008 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
129 |
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Share premium reserve |
2,871 |
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Retained earnings |
(1,447,742) |
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Shareholders' deficit |
(1,444,742) |
For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
IGP UK Projects Limited
(Registration number: 15724555)
Balance Sheet as at 31 December 2024
Approved and authorised by the
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IGP UK Projects Limited
Notes to the Unaudited Financial Statements for the Period from 16 May 2024 to 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Disclosure of long or short period
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
IGP UK Projects Limited
Notes to the Unaudited Financial Statements for the Period from 16 May 2024 to 31 December 2024
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
IGP UK Projects Limited
Notes to the Unaudited Financial Statements for the Period from 16 May 2024 to 31 December 2024
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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Investments |
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2024 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
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Cost or valuation |
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Additions |
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Carrying amount |
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At 31 December 2024 |
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Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
IGP UK Projects Limited
Notes to the Unaudited Financial Statements for the Period from 16 May 2024 to 31 December 2024
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
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Subsidiary undertakings |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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IGP UK Projects Limited
Notes to the Unaudited Financial Statements for the Period from 16 May 2024 to 31 December 2024
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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IGP UK Projects Limited
Notes to the Unaudited Financial Statements for the Period from 16 May 2024 to 31 December 2024
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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IGP UK Projects Limited
Notes to the Unaudited Financial Statements for the Period from 16 May 2024 to 31 December 2024
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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Unit 25.7 Coda Studios 189 Munster Road, London, SW6 6AW England |
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The principle activity for all above subsidaries is to provide service activities not elsewhere classified, unless otherwise stated.
IGP UK Projects Limited
Notes to the Unaudited Financial Statements for the Period from 16 May 2024 to 31 December 2024
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Other financial assets (current and non-current) |
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Other financial assets |
Total |
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Non-current financial assets |
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Cost or valuation |
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Additions |
103,008 |
103,008 |
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At 31 December 2024 |
103,008 |
103,008 |
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Carrying amount |
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At 31 December 2024 |
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103,008 |
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Debtors |
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Note |
2024 |
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Amounts owed by group undertakings |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2024 |
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Due within one year |
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Trade creditors |
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Amounts owed to group undertakings |
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Creditors: amounts falling due after more than one year
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Note |
2024 |
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Due after one year |
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Loans and borrowings |
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IGP UK Projects Limited
Notes to the Unaudited Financial Statements for the Period from 16 May 2024 to 31 December 2024
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Share capital |
Allotted, called up and fully paid shares
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2024 |
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No. |
£ |
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129 |
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Loans and borrowings |
Non-current loans and borrowings
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2024 |
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Bank borrowings |
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Relationship between entity and parents |
The parent of the smallest group in which these financial statements are consolidated is
The address of Island Green Power Limited is: