Imperial Square Developments Limited 01737529 false 2024-05-01 2025-04-30 2025-04-30 The principal activity of the company is that of industrial and commercial property development and contract management Digita Accounts Production Advanced 6.30.9574.0 true 01737529 2024-05-01 2025-04-30 01737529 2025-04-30 01737529 core:CurrentFinancialInstruments 2025-04-30 01737529 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 01737529 core:FurnitureFittingsToolsEquipment 2025-04-30 01737529 bus:SmallEntities 2024-05-01 2025-04-30 01737529 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 01737529 bus:FilletedAccounts 2024-05-01 2025-04-30 01737529 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 01737529 bus:RegisteredOffice 2024-05-01 2025-04-30 01737529 bus:Director1 2024-05-01 2025-04-30 01737529 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 01737529 core:FurnitureFittingsToolsEquipment 2024-05-01 2025-04-30 01737529 core:OfficeEquipment 2024-05-01 2025-04-30 01737529 core:OtherRelatedParties 2024-05-01 2025-04-30 01737529 countries:EnglandWales 2024-05-01 2025-04-30 01737529 core:FurnitureFittingsToolsEquipment 2024-04-30 01737529 2023-05-01 2024-04-30 01737529 2024-04-30 01737529 core:CurrentFinancialInstruments 2024-04-30 01737529 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 01737529 core:FurnitureFittingsToolsEquipment 2024-04-30 iso4217:GBP xbrli:pure

Registration number: 01737529

Prepared for the registrar
Imperial Square Developments Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 April 2025

Imperial Square Developments Limited

(Registration number: 01737529)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 330 | 388
Current assets |  |  |
Debtors | 5 | 2,346 | 561
Cash at bank and in hand |  | 317 | 7,907
|  | 2,663 | 8,468
Creditors: Amounts falling due within one year | 6 | (1,578) | (5,386)
Net current assets |  | 1,085 | 3,082
Net assets |  | 1,415 | 3,470
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 1,315 | 3,370
Shareholders' funds |  | 1,415 | 3,470

For the financial 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.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 November 2025

J A Thompson
Director

Imperial Square Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

| 1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
26a Imperial Square
Cheltenham
Gloucestershire
GL50 1QZ

| 2 | 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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 15% of written down value

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.

Imperial Square Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

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 all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

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.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

| 3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 2).

Imperial Square Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

| 4 | Tangible assets

| Furniture, fittings and equipment £
Cost
At 1 May 2024 | 743
At 30 April 2025 | 743
Depreciation
At 1 May 2024 | 355
Charge for the year | 58
At 30 April 2025 | 413
Carrying amount
At 30 April 2025 | 330
At 30 April 2024 | 388

| 5 | Debtors

| Note | 2025 £ | 2024 £
Amounts owed by related parties | 7 | 1,920 | -
Other debtors |  | 426 | 561
|  | 2,346 | 561

| 6 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 328 | 54
Amounts due to related parties | - | 3,552
Accruals and deferred income | 1,250 | 1,780
| 1,578 | 5,386

| 7 | Related party transactions

Summary of transactions with other related parties

At 30 April 2025, the company was owed £1,920.00 by the director (2024: owed £3,552.00 to the director) in the form of a director's loan account. No interest was charged on this balance and there are no fixed repayment terms.