Company registration number 03169778 (England and Wales)
IMPERIALS PRESTIGE PROPERTIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
IMPERIALS PRESTIGE PROPERTIES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
IMPERIALS PRESTIGE PROPERTIES LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
9,896,663
9,014,752
Current assets
Debtors
5
34,793
49,904
Cash at bank and in hand
576,292
112,797
611,085
162,701
Creditors: amounts falling due within one year
6
(7,244,866)
(6,105,339)
Net current liabilities
(6,633,781)
(5,942,638)
Total assets less current liabilities
3,262,882
3,072,114
Creditors: amounts falling due after more than one year
7
(18,435)
(74,731)
Net assets
3,244,447
2,997,383
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
3,244,347
2,997,283
Total equity
3,244,447
2,997,383

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 January 2026 and are signed on its behalf by:
Mr S Wright
Director
Company registration number 03169778 (England and Wales)
IMPERIALS PRESTIGE PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Imperials Prestige Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Imperials, Ongar Road, Cooksmill Green, Chelmsford, Essex, CM1 3SR.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
no dep rate
Leasehold improvements
no dep rate
Computers
25% on cost

Investment properties are not shown in the Balance Sheet at their open market value because the director considers that to do so would involve expense and delay out of proportion to the value to the members of the company. This policy does not comply with the provisions of Statement of Standard Accounting Practice number 19.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

IMPERIALS PRESTIGE PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
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.

1.6
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
2
3
Tangible fixed assets
Freehold land and buildings
Leasehold improvements
Computers
Total
£
£
£
£
Cost
At 1 April 2024
7,973,605
1,041,147
1,244
9,015,996
Additions
816,712
65,199
-
0
881,911
At 31 March 2025
8,790,317
1,106,346
1,244
9,897,907
Depreciation and impairment
At 1 April 2024 and 31 March 2025
-
0
-
0
1,244
1,244
IMPERIALS PRESTIGE PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
3
Tangible fixed assets
Freehold land and buildings
Leasehold improvements
Computers
Total
£
£
£
£
(Continued)
- 4 -
Carrying amount
At 31 March 2025
8,790,317
1,106,346
-
0
9,896,663
At 31 March 2024
7,973,605
1,041,147
-
0
9,014,752
4
Fixed asset investments
2025
2024
£
£

Fixed asset investments represent freehold and long leasehold properties at cost. They were classified as freehold and long leasehold assets in the previous year. Investment properties are not shown in the Balance Sheet at their open market value because the director considers that to do so would involve expense and delay out of proportion to the value to the members of the company.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
33,452
48,561
Other debtors
1,341
1,343
34,793
49,904
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
8
933,003
1,059,871
Other borrowings
8
50,000
50,000
Trade creditors
293,179
85,992
Corporation tax
147,025
159,563
Other taxation and social security
22,944
14,427
Other creditors
5,795,215
4,732,186
Accruals and deferred income
3,500
3,300
7,244,866
6,105,339
IMPERIALS PRESTIGE PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
8
1,769
12,231
Other borrowings
8
16,666
62,500
18,435
74,731
8
Loans and overdrafts
2025
2024
£
£
Bank loans
934,772
1,072,102
Other loans
66,666
112,500
1,001,438
1,184,602
Payable within one year
983,003
1,109,871
Payable after one year
18,435
74,731

The loans to the company are secured on the investment properties.

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