| Ipswich Holdings Limited |
| Financial Statements for the Year Ended 31 March 2025 |
| Ipswich Holdings Limited |
| Financial Statements for the Year Ended 31 March 2025 |
| Ipswich Holdings Limited |
| Company Information |
| for the Year Ended 31 March 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Radnor House |
| Greenwood Close |
| Cardiff Gate Business Park |
| Cardiff |
| CF23 8AA |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Ipswich Holdings Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ipswich Holdings Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Ipswich Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ipswich Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Ipswich Holdings Limited, as a body, in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ipswich Holdings Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Ipswich Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ipswich Holdings Limited. You consider that Ipswich Holdings Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Ipswich Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| Ipswich Holdings Limited (Registered number: 01205326) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 7 |
| SHAREHOLDERS' FUNDS |
| Ipswich Holdings Limited (Registered number: 01205326) |
| Balance Sheet - continued |
| 31 March 2025 |
| 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 were approved by the Board of Directors and authorised for issue on |
| Ipswich Holdings Limited (Registered number: 01205326) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the amounts (excluding value added tax) derived from the rental of properties to clients during the year, all of which arises in the United Kingdom. Rentals receivable are recognised in the profit and loss account in equal annual amounts over the lease term. |
| Tangible fixed assets |
| Improvements to property | - |
| Fixtures and fittings | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
| Investment properties |
| Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. |
| Investments |
| Investments held as fixed assets are stated at market value. |
| 2. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Ipswich Holdings Limited (Registered number: 01205326) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 3. | TANGIBLE FIXED ASSETS |
| Freehold | Improvements | Fixtures |
| investment | to | and |
| properties | property | fittings | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2024 |
| and 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| The properties have been reassessed at an open market value at 31 March 2025 by the directors. |
| The value of freehold investment properties is considered to be not materially different from the valuation carried out by E J Hales on 31 May 2016 whereby the freehold investment properties were valued, at an open market value, at £1,074,005. In a prior year an additional Freehold Investment Property was bought at a cost of £353,373 which the directors consider is equivalent to open market value. |
| 4. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST OR VALUATION |
| At 1 April 2024 |
| Revaluations |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Ipswich Holdings Limited (Registered number: 01205326) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| Cost or valuation at 31 March 2025 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2016 | 47,498 |
| Valuation in 2017 | 12,571 |
| Valuation in 2018 | 5,144 |
| Valuation in 2019 | 7,222 |
| Valuation in 2020 | (22,327 | ) |
| Valuation in 2021 | 10,196 |
| Valuation in 2022 | 252 |
| Valuation in 2023 | 4,941 |
| Valuation in 2024 | 19,474 |
| Valuation in 2025 | 4,807 |
| 89,778 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors & prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Taxes & social security costs |
| Other creditors & accruals |
| 7. | RESERVES |
| Included in reserves is a non-distributable reserve £558,007 (2024 - £558.007). |
| 8. | ULTIMATE PARENT UNDERTAKING |
| The company's ultimate parent undertaking at the balance sheet date was Nessbert Properties Ltd. |