Acorah Software Products - Accounts Production 16.5.460 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 09012601 Mrs Isabella Gambuzzi Mrs Francesca Gambuzzi Mrs Isabella Gambuzzi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09012601 2024-04-30 09012601 2025-04-30 09012601 2024-05-01 2025-04-30 09012601 frs-core:CurrentFinancialInstruments 2025-04-30 09012601 frs-core:Non-currentFinancialInstruments 2025-04-30 09012601 frs-core:ComputerEquipment 2025-04-30 09012601 frs-core:ComputerEquipment 2024-05-01 2025-04-30 09012601 frs-core:ComputerEquipment 2024-04-30 09012601 frs-core:FurnitureFittings 2025-04-30 09012601 frs-core:FurnitureFittings 2024-05-01 2025-04-30 09012601 frs-core:FurnitureFittings 2024-04-30 09012601 frs-core:InvestmentPropertyIncludedWithinPPE 2025-04-30 09012601 frs-core:InvestmentPropertyIncludedWithinPPE 2024-05-01 2025-04-30 09012601 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-30 09012601 frs-core:RevaluationReserve 2024-04-30 09012601 frs-core:RevaluationReserve 2025-04-30 09012601 frs-core:ShareCapital 2025-04-30 09012601 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 09012601 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 09012601 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 09012601 frs-bus:SmallEntities 2024-05-01 2025-04-30 09012601 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 09012601 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 09012601 frs-bus:OrdinaryShareClass2 2024-05-01 2025-04-30 09012601 frs-bus:OrdinaryShareClass2 2025-04-30 09012601 frs-bus:OrdinaryShareClass3 2024-05-01 2025-04-30 09012601 frs-bus:OrdinaryShareClass3 2025-04-30 09012601 frs-core:DeferredTaxation 2024-05-01 2025-04-30 09012601 frs-core:DeferredTaxation 2024-04-30 09012601 frs-core:DeferredTaxation 2025-04-30 09012601 frs-bus:Director1 2024-05-01 2025-04-30 09012601 frs-bus:Director2 2024-05-01 2025-04-30 09012601 frs-bus:CompanySecretary1 2024-05-01 2025-04-30 09012601 frs-countries:EnglandWales 2024-05-01 2025-04-30 09012601 2023-04-30 09012601 2024-04-30 09012601 2023-05-01 2024-04-30 09012601 frs-core:CurrentFinancialInstruments 2024-04-30 09012601 frs-core:Non-currentFinancialInstruments 2024-04-30 09012601 frs-core:RevaluationReserve 2024-04-30 09012601 frs-core:ShareCapital 2024-04-30 09012601 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09012601 frs-bus:OrdinaryShareClass2 2023-05-01 2024-04-30 09012601 frs-bus:OrdinaryShareClass3 2023-05-01 2024-04-30
Registered number: 09012601
IFG London Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Ryder Tax Consultants Ltd
C/O Ryder Tax Consultants Richmond Bridge House
419 Richmond Road
Twickenham
TW1 2EX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09012601
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,400,418 6,400,835
6,400,418 6,400,835
CURRENT ASSETS
Debtors 5 2,915 86,591
Cash at bank and in hand 149,720 77,122
152,635 163,713
Creditors: Amounts Falling Due Within One Year 6 (316,489 ) (313,843 )
NET CURRENT ASSETS (LIABILITIES) (163,854 ) (150,130 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,236,564 6,250,705
Creditors: Amounts Falling Due After More Than One Year 7 (2,185,350 ) (2,225,350 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (925,490 ) (925,595 )
NET ASSETS 3,125,724 3,099,760
CAPITAL AND RESERVES
Called up share capital 11 200 200
Revaluation reserve 13 2,776,104 2,776,104
Profit and Loss Account 349,420 323,456
SHAREHOLDERS' FUNDS 3,125,724 3,099,760
Page 1
Page 2
For the year ending 30 April 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Isabella Gambuzzi
Director
19/08/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
IFG London Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09012601 . The registered office is Richmond Bridge House, 419 Richmond Road, Twickenham, TW1 2EX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents entitlement to receiving rent in respect of investment properties.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% on cost
Computer Equipment 33% on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Borrowing costs
Finance costs are capitalised where it takes a substantial period of time to get the asset developed ready for its intended use or sale.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2024 6,400,000 113,998 4,221 6,518,219
As at 30 April 2025 6,400,000 113,998 4,221 6,518,219
Depreciation
As at 1 May 2024 - 113,998 3,386 117,384
Provided during the period - - 417 417
As at 30 April 2025 - 113,998 3,803 117,801
Net Book Value
As at 30 April 2025 6,400,000 - 418 6,400,418
As at 1 May 2024 6,400,000 - 835 6,400,835
Cost or valuation as at 30 April 2025 represented by:
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
At cost 2,698,460 113,998 4,221 2,816,679
At valuation 3,701,540 - - 3,701,540
6,400,000 113,998 4,221 6,518,219
Investment property was valued on an open market basis on 8 March 2017 by Alexander Lyons, Chartered Surveyors. In the opinion of the directors there was no change in the market value at 30 April 2024 nor 30 April 2025.
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 83,774
Prepayments and accrued income 2,915 2,817
2,915 86,591
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 40,000 40,000
Corporation tax 6,163 5,931
Other creditors 28,624 27,989
Accruals and deferred income 46,992 44,820
Directors' loan accounts 194,710 195,103
316,489 313,843
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,330,000 1,370,000
Directors loan account 855,350 855,350
2,185,350 2,225,350
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 1,370,000 1,410,000
9. Deferred Taxation
The provision for deferred taxation is made up of deferred tax on revaluation of investment property and othershort term timing differences.
2025 2024
£ £
Other timing differences 925,490 925,595
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 May 2024 925,595 925,595
Reversals (105 ) (105)
Balance at 30 April 2025 925,490 925,490
11. Share Capital
2025 2024
Allotted, called up and fully paid £ £
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
100 Ordinary F shares of £ 1.00 each 100 100
200 200
12. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid - 18,000
Page 5
Page 6
13. Reserves
Revaluation Reserve
£
As at 1 May 2024 2,776,104
As at 30 April 2025 2,776,104
Page 6