I P House Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09670439 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

I P HOUSE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M L Kanbi

SECRETARY:

REGISTERED OFFICE:

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

REGISTERED NUMBER:

09670439 (England and Wales)

ACCOUNTANTS:

Ashfords Partnership LLP

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

FIXED ASSETS

Tangible assets

4

724,351

CURRENT ASSETS

Debtors

5

848,153

Cash at bank and in hand

15,827

863,980

CREDITORS

Amounts falling due within one year

6

646,530

NET CURRENT ASSETS

217,450

TOTAL ASSETS LESS CURRENT
LIABILITIES

941,801

CREDITORS

Amounts falling due after more than one
year

7

3,060,371

NET LIABILITIES

(2,118,570

)

(2,118,570

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(2,118,670

)

(2,118,670

)

SHAREHOLDERS' FUNDS

(2,118,570

)

(2,118,570

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 November 2025 and were signed by:

M L Kanbi - Director

1.	STATUTORY INFORMATION

I P House 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The accounts have been prepared on going concern basis which assumes that the company will continue to receive adequate financial assistance from Directors, Bankers and other creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

2,423,522

DEPRECIATION

At 1 March 2024

and 28 February 2025

1,699,171

NET BOOK VALUE

At 28 February 2025

724,351

At 29 February 2024

724,351

5.

DEBTORS

28.2.25

29.2.24

£

Amounts falling due within one year:

Trade debtors

161,030

Other debtors

37,123

198,153

Amounts falling due after more than one year:

Amounts owed by associates

650,000

Aggregate amounts

848,153

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Trade creditors

571,560

Taxation and social security

1,952

Other creditors

73,018

646,530

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

Bank loans

21,995

Amounts owed to associates

1,586,645

Other creditors

1,451,731

3,060,371

8.	ULTIMATE CONTROLLING PARTY

the company is controlled by the director Mr M Kanbi by virtue of the entire shareholding in the company.