ACCOUNTS - Final Accounts preparation

Registered number: 13576786

INTEGRITAS PROPERTY GROUP (IPG) NUMBER 4 LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

INTEGRITAS PROPERTY GROUP (IPG) NUMBER 4 LTD

REGISTERED NUMBER: 13576786

BALANCE SHEET

AS AT 31 DECEMBER 2024

	2024	2024	2023	2023
Note	£	£	£	£


Current assets
Stocks	4	950,000		3,268,743
Debtors: amounts falling due within one year	5	10,133		81,907
Cash at bank and in hand	6	1,277		3,641
		961,410		3,354,291
Creditors: amounts falling due within one year	7	(960,812)		(3,793,899)
Net current assets/(liabilities)			598		(439,608)
Total assets less current liabilities			598		(439,608)

Net assets/(liabilities)			598		(439,608)

Capital and reserves
Called up share capital	1	1
Profit and loss account	597	(439,609)
Total Equity	598	(439,608)

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INTEGRITAS PROPERTY GROUP (IPG) NUMBER 4 LTD

REGISTERED NUMBER: 13576786

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

M Walsh

Director

Date: 24 December 2025

The notes on pages 3 to 7 form part of these financial statements.

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INTEGRITAS PROPERTY GROUP (IPG) NUMBER 4 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Integritas Property Group (IPG) Number 4 Ltd is a company, limited by shares. The company is incorporated in England and Wales and the address of the registered office is 29-31 Seymour Terrace,Seymour Street, Liverpool, England, L3 5PE.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in Sterling (£), which is the functional currency of the entity.

The following principal accounting policies have been applied:

2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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INTEGRITAS PROPERTY GROUP (IPG) NUMBER 4 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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INTEGRITAS PROPERTY GROUP (IPG) NUMBER 4 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).

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INTEGRITAS PROPERTY GROUP (IPG) NUMBER 4 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Stocks
		2024	2023
		£	£

	Property stock	950,000	3,268,743

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	-	35,000
Other debtors	10,133	46,907
	10,133	81,907

6.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank and in hand	1,277	3,641

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INTEGRITAS PROPERTY GROUP (IPG) NUMBER 4 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Other loans	275,000	1,707,068
Trade creditors	52,740	255,832
Amounts owed to group undertakings	434,542	759,682
Other creditors	196,030	1,071,317
Accruals and deferred income	2,500	-
	960,812	3,793,899

The following liabilities were secured:
	2024	2023
	£	£


	Other loans	275,000	1,707,068

Details of security provided:

The other loans are secured by a fixed charge over the property and a floating charge over the property and undertakings of the Company.

8.	Controlling party

The immediate and ultimate controlling party is Integritas Property Group (IPG) Limited. Its registered office is 29-31 Seymour Terrace, Seymour Street, Liverpool, L3 5PE.

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