Silverfin false true 30/04/2025 01/05/2024 30/04/2025 R L Forno 01/02/2008 G J Litster 05/04/2000 S M Litster 27/08/2009 29 December 2025 no description of principal activity 03964658 2025-04-30 03964658 bus:Director1 2025-04-30 03964658 bus:Director2 2025-04-30 03964658 bus:Director3 2025-04-30 03964658 2024-04-30 03964658 core:CurrentFinancialInstruments 2025-04-30 03964658 core:CurrentFinancialInstruments 2024-04-30 03964658 core:ShareCapital 2025-04-30 03964658 core:ShareCapital 2024-04-30 03964658 core:RevaluationReserve 2025-04-30 03964658 core:RevaluationReserve 2024-04-30 03964658 core:RetainedEarningsAccumulatedLosses 2025-04-30 03964658 core:RetainedEarningsAccumulatedLosses 2024-04-30 03964658 2024-05-01 2025-04-30 03964658 bus:FilletedAccounts 2024-05-01 2025-04-30 03964658 bus:SmallEntities 2024-05-01 2025-04-30 03964658 bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 03964658 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 03964658 bus:Director1 2024-05-01 2025-04-30 03964658 bus:Director2 2024-05-01 2025-04-30 03964658 bus:Director3 2024-05-01 2025-04-30 03964658 2023-05-01 2024-04-30 iso4217:EUR xbrli:pure

Company No: 03964658 (England and Wales)

# INTERNATIONAL PROPERTY PORTFOLIO LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

INTERNATIONAL PROPERTY PORTFOLIO LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

INTERNATIONAL PROPERTY PORTFOLIO LIMITED

## BALANCE SHEET

As at 30 April 2025
INTERNATIONAL PROPERTY PORTFOLIO LIMITED

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | € |  | €
Fixed assets |  |  |  |
Investment property | 3 | 305,362 |  | 305,362
|  | 305,362 |  | 305,362
Current assets |  |  |  |
Debtors | 4 | 673 |  | 673
Cash at bank and in hand |  | 275 |  | 275
|  | 948 |  | 948
Creditors: amounts falling due within one year | 5 | ( 446,911) |  | ( 446,911)
Net current liabilities |  | (445,963) |  | (445,963)
Total assets less current liabilities |  | (140,601) |  | (140,601)
Net liabilities |  | ( 140,601) |  | ( 140,601)
Capital and reserves |  |  |  |
Called-up share capital |  | 9 |  | 9
Revaluation reserve | 7 | 45,124 |  | 45,124
Profit and loss account |  | ( 185,734 ) |  | ( 185,734 )
Total shareholders' deficit |  | ( 140,601) |  | ( 140,601)

International Property Portfolio Limited (registered number: 03964658) did not trade during the current financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial year and therefore no Statement of Changes in Equity has been included. For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of International Property Portfolio Limited (registered number: 03964658) were approved and authorised for issue by the Board of Directors on 29 December 2025. They were signed on its behalf by:

G J Litster Director |

INTERNATIONAL PROPERTY PORTFOLIO LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
INTERNATIONAL PROPERTY PORTFOLIO LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

International Property Portfolio Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 45 Gresham Street, London, EC2V 7BG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of International Property Portfolio Limited is considered to be EUR because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.

##### Going concern

The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 0 |  | 0

#### 3. Investment property

| Investment property
| €
Valuation |
As at 01 May 2024 | 305,362
As at 30 April 2025 | 305,362

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| € |  | €
Historic cost | 185,026 |  | 185,026

#### 4. Debtors

| 2025 |  | 2024
| € |  | €
Prepayments | 634 |  | 634
Other debtors | 39 |  | 39
| 673 |  | 673

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| € |  | €
Accruals | 6,273 |  | 6,273
Other creditors | 440,638 |  | 440,638
| 446,911 |  | 446,911

#### 6. Related party transactions

As at 30 April 2025, €‎414,089 (2024; €414,089) was owed by International Property Portfolio Limited to Directors, who are also shareholders, or to entities controlled by them.
As at 30 April 2025, a loan from and shareholder totalling €‎26,549 (2024; €‎26,549) was owned by the company.
These amounts are all interest free and repayable on demand.

#### 7. Reserves

Revaluation reserve

The revaluation reserve comprises net gains recognised in the Statement of income and retained earnings on the revaluation of investment properties.