REGISTERED NUMBER: 06322563 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Irvine Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Townsley

M J Finch

REGISTERED OFFICE:

Suite 25

Rural Innovation Centre

Stoneleigh Park

Kenilworth

Warwickshire

CV8 2LG

REGISTERED NUMBER:

06322563 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Tangible assets

4

4,766

10,577

Investments

5

100

100

Investment property

6

604,970

600,000

609,836

610,677

CURRENT ASSETS

Debtors

7

127,590

119,510

Cash at bank

29,198

59,877

156,788

179,387

CREDITORS

Amounts falling due within one year

8

13,479

151,200

NET CURRENT ASSETS

143,309

28,187

TOTAL ASSETS LESS CURRENT LIABILITIES

753,145

638,864

CREDITORS

Amounts falling due after more than one year

9

-

98,362

NET ASSETS

753,145

540,502

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

56,754

56,754

Capital redemption reserve

1

1

Retained earnings

696,290

483,647

753,145

540,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:

J Townsley - Director

M J Finch - Director

1.	STATUTORY INFORMATION

Irvine Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

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.

Improvements to property

-

Straight line over 5 years

Fixtures and fittings

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 April 2024

8,324

10,806

19,130

Reclassification/transfer

(8,324

)

-

(8,324

)

At 31 March 2025

-

10,806

10,806

DEPRECIATION

At 1 April 2024

3,354

5,199

8,553

Charge for year

-

841

841

Reclassification/transfer

(3,354

)

-

(3,354

)

At 31 March 2025

-

6,040

6,040

NET BOOK VALUE

At 31 March 2025

-

4,766

4,766

At 31 March 2024

4,970

5,607

10,577

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

600,000

Reclassification/transfer

4,970

At 31 March 2025

604,970

NET BOOK VALUE

At 31 March 2025

604,970

At 31 March 2024

600,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2008

56,754

Cost

548,216

604,970

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

559,511

543,246

Investment Property was valued on an open market basis on 5 November 2008 by Hawkins Commercial Chartered Surveyors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

120

120

Directors' current accounts

127,470

119,390

127,590

119,510

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

25,155

Trade creditors

125

125

Amounts owed to group undertakings

-

109,426

Tax

576

1,366

Accrued expenses

12,778

15,128

13,479

151,200

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

-

25,155

Bank loans - 2-5 years

-

73,207

-

98,362

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

56,754

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

J Townsley

Balance outstanding at start of year

62,014

59,969

Amounts advanced

68,447

62,045

Amounts repaid

(62,100

)

(60,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

68,361

62,014

M J Finch

Balance outstanding at start of year

57,378

52,728

Amounts advanced

63,831

64,650

Amounts repaid

(62,100

)

(60,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

59,109

57,378

The above loans owed to the company by the directors have been charged at the HMRC official rate of interest and are repaid in full following the balance sheet date.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £124,200 were paid to the directors .

During the year, the company was the parent company of Irvine Commercial Insurance Brokers Limited.

At the start of the year, the company owed £109,426 to Irvine Commercial Insurance Brokers Limited, and at the end of the year the company owed £0.

The above amount owed by the company by Irvine Commercial Insurance Brokers Limited was charged at the HMRC official rate of interest, and had no set terms of repayment.

13.	POST BALANCE SHEET EVENTS

On 4 April 2025, the company sold its 100% shareholding in Irvine Commercial Insurance Brokers Limited.

14.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, by virtue of their shareholdings.