REGISTERED NUMBER: 03459677 (England and Wales)

IMPERIAL PORTFOLIOS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M G Goodkind

REGISTERED OFFICE:

259 Capability Green

Luton

Bedfordshire

LU1 3LU

REGISTERED NUMBER:

03459677 (England and Wales)

ACCOUNTANTS:

Carston ETL

Chartered Accountants

Second Floor

34 Lime Street

London

EC3M 7AT

BANKERS:

HSBC UK

8 Canada Square

London

E14 5HQ

FIXED ASSETS

Tangible assets

4

-

179,963

Investment properties

5

-

1,066,500

-

1,246,463

CURRENT ASSETS

Debtors

6

3,621,623

2,561,135

Cash at bank

-

1,080,491

3,621,623

3,641,626

CREDITORS

Amounts falling due within one year

7

103,274

1,422,353

NET CURRENT ASSETS

3,518,349

2,219,273

TOTAL ASSETS LESS CURRENT LIABILITIES

3,518,349

3,465,736

PROVISIONS FOR LIABILITIES

9

-

272,991

NET ASSETS

3,518,349

3,192,745

CAPITAL AND RESERVES

Called up share capital

10

204

204

Fair value reserve

11

-

(743,174

)

Retained earnings

11

3,518,145

3,935,715

SHAREHOLDERS' FUNDS

3,518,349

3,192,745

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 30th October 2025 and were signed by:

Mr M G Goodkind - Director

1.	STATUTORY INFORMATION

Imperial Portfolios 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable.

The turnover of the company represents rents receivable during the period.

Tangible fixed assets

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

Fixtures and fittings

-

33.33% straight line on cost

Investment properties

Investment properties are shown at their fair value. Any adjustment to the fair value of the investment properties is recognised in the profit and loss account for the year.

In accordance with FRS 102 1A no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

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. The assets of the scheme are held separately from those of the company in an independent administered fund. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Dilapidations provisions

The company provides for an estimated cost of future dilapidation work to bring properties leased from landlords back to the standard required. The amounts provided are based on historical experience for the types of properties held.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st April 2024

439,548

Additions

63,119

Disposals

(502,667

)

At 31st March 2025

-

DEPRECIATION

At 1st April 2024

259,585

Charge for year

53,154

Eliminated on disposal

(312,739

)

At 31st March 2025

-

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

179,963

5.	INVESTMENT PROPERTIES

Total

£

FAIR VALUE

At 1st April 2024

1,066,500

Disposals

(1,066,500

)

At 31st March 2025

-

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

1,066,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

-

974,826

Amounts owed by group undertakings

3,617,792

-

Other debtors

3,831

1,586,309

3,621,623

2,561,135

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade creditors

-

299,935

Amounts owed to group undertakings

24,619

-

Taxation and social security

61,438

626,433

Other creditors

17,217

495,985

103,274

1,422,353

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

as restated

£

£

Within one year

-

3,964,052

Between one and five years

-

2,020,715

-

5,984,767

9.	PROVISIONS FOR LIABILITIES

2025

2024

as restated

£

£

Deferred tax

-

44,991

Dilapidations provision

-

228,000

-

272,991

Deferred

Other

tax

provisions

£

£

Balance at 1st April 2024

44,991

228,000

Provided during year

(44,991

)

(228,000

)

Balance at 31st March 2025

-

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

£

4

Ordinary

£1

4

4

100

B Ordinary

£1

100

100

100

C ordinary

£1

100

100

204

204

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1st April 2024

3,935,715

(743,174

)

3,192,541

Profit for the year

325,604

325,604

Transfer to profit &loss

(743,174

)

743,174

-

At 31st March 2025

3,518,145

-

3,518,145

12.	ULTIMATE CONTROLLING PARTY

At the balance sheet date, Centennial Property Ltd was the immediate and ultimate parent undertaking.

On 30 June 2024, Centennial Property Ltd purchased the entire issued ordinary share capital of the company.

The company transferred all its trading activity to Centennial Property Ltd on 1.8.2024.