Company registration number 04290042 (England and Wales)
Imperial Automotive & Property Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
Pages For Filing With Registrar
IMPERIAL AUTOMOTIVE & PROPERTY LIMITED
Imperial Automotive & Property Limited
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 10
IMPERIAL AUTOMOTIVE & PROPERTY LIMITED
Imperial Automotive & Property Limited
BALANCE SHEET
AS AT 30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,249,393
1,481,058
Investment property
4
905,000
905,000
2,154,393
2,386,058
Current assets
Stocks
487,100
508,326
Debtors
5
138,952
164,692
Cash at bank and in hand
319,730
398,381
945,782
1,071,399
Creditors: amounts falling due within one year
6
(264,263)
(506,301)
Net current assets
681,519
565,098
Total assets less current liabilities
2,835,912
2,951,156
Creditors: amounts falling due after more than one year
7
-
0
(21,250)
Provisions for liabilities
(266,500)
(283,518)
Net assets
2,569,412
2,646,388
Capital and reserves
Called up share capital
8
62,545
69,145
Revaluation reserve
491,382
1,036,898
Capital redemption reserve
20,174
13,574
Profit and loss reserves
9
1,995,311
1,526,771
Total equity
2,569,412
2,646,388
IMPERIAL AUTOMOTIVE & PROPERTY LIMITED
Imperial Automotive & Property Limited
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2025
30 November 2025
- 2 -

For the financial year ended 30 November 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 18 February 2026 and are signed on its behalf by:
Mr K Shipton
Director
Company registration number 04290042 (England and Wales)
IMPERIAL AUTOMOTIVE & PROPERTY LIMITED
Imperial Automotive & Property Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
1
Accounting policies
Company information

Imperial Automotive & Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cross Bank Industrial Estate, Doncaster, South Yorkshire, DN4 8BE.

1.1
Accounting convention

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 £1.

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.

The ultimate parent company is JVS Business Solutions Limited. The registered office of JVS Business Solutions Limited is The Court, Lee Lane, Ackworth, WF7 7LX. The company and its parent comprise a small group and under section 399 of the Companies Act 2006 are exempt from preparing group accounts.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
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:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

IMPERIAL AUTOMOTIVE & PROPERTY LIMITED
Imperial Automotive & Property Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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
2% straight line
Leasehold land and buildings
Over the life of the lease
Plant and equipment
10% - 33% straight line
Motor vehicles
20% - 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

IMPERIAL AUTOMOTIVE & PROPERTY LIMITED
Imperial Automotive & Property Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 5 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

IMPERIAL AUTOMOTIVE & PROPERTY LIMITED
Imperial Automotive & Property Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
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.

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.

IMPERIAL AUTOMOTIVE & PROPERTY LIMITED
Imperial Automotive & Property Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 7 -
1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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.

As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

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

2025
2024
Number
Number
Total
20
21
IMPERIAL AUTOMOTIVE & PROPERTY LIMITED
Imperial Automotive & Property Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 8 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 December 2024
1,060,480
920,549
1,981,029
Additions
-
0
109,067
109,067
Disposals
(115,977)
(228,240)
(344,217)
At 30 November 2025
944,503
801,376
1,745,879
Depreciation and impairment
At 1 December 2024
148,040
351,931
499,971
Depreciation charged in the year
21,946
165,213
187,159
Eliminated in respect of disposals
(3,763)
(186,881)
(190,644)
At 30 November 2025
166,223
330,263
496,486
Carrying amount
At 30 November 2025
778,280
471,113
1,249,393
At 30 November 2024
912,440
568,618
1,481,058

Land and buildings with a carrying amount of £778,280 were revalued on 9 July 2024 by PPH Commercial, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

2025
2024
£
£
Cost
192,618
192,618
Accumulated depreciation
(86,999)
(83,147)
Carrying value
105,619
109,471
IMPERIAL AUTOMOTIVE & PROPERTY LIMITED
Imperial Automotive & Property Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 9 -
4
Investment property
2025
£
Fair value
At 1 December 2024 and 30 November 2025
905,000

The fair value of the investment properties have been arrived at on the basis of a valuation carried out on 9 July 2024 by PPH Commercial Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
443,827
443,827
Accumulated depreciation
(154,732)
(145,855)
Carrying amount
289,095
297,972
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
138,952
164,692
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
91,656
324,503
Taxation and social security
134,802
115,885
Other creditors
37,805
65,913
264,263
506,301
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
-
0
21,250
IMPERIAL AUTOMOTIVE & PROPERTY LIMITED
Imperial Automotive & Property Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 10 -
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A ordinary shares of 10p each
625,451
691,451
62,545
69,145

During the year there was a buy back of 66,000 A ordinary shares of 10p each for a total consideration of £165,000.

9
Profit and loss reserves

Included within retained profits are unrealised profits of £354,173 which relate to cumulative fair value gains made on investment properties, net of deferred tax provided thereon. As these gains are unrealised they are not permitted to be distributed to shareholders.

10
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
355,403
579,321
11
Parent company

The company is a subsidiary of JVS Business Solutions Limited, a company registered in England and Wales, which is the immediate and ultimate parent undertaking. The registered office is The Court, Lee Lane, Ackworth, WF7 7LX.

2025-11-30 2024-12-01 false false false 19 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity K Shipton Mr L O Shipton Mrs K J Shipton 04290042 2024-12-01 2025-11-30 04290042 2025-11-30 04290042 2024-11-30 04290042 core:LandBuildings 2025-11-30 04290042 core:OtherPropertyPlantEquipment 2025-11-30 04290042 core:LandBuildings 2024-11-30 04290042 core:OtherPropertyPlantEquipment 2024-11-30 04290042 core:WithinOneYear 2025-11-30 04290042 core:WithinOneYear 2024-11-30 04290042 core:AfterOneYear 2025-11-30 04290042 core:AfterOneYear 2024-11-30 04290042 core:CurrentFinancialInstruments 2025-11-30 04290042 core:CurrentFinancialInstruments 2024-11-30 04290042 core:ShareCapital 2025-11-30 04290042 core:ShareCapital 2024-11-30 04290042 core:RevaluationReserve 2025-11-30 04290042 core:RevaluationReserve 2024-11-30 04290042 core:CapitalRedemptionReserve 2025-11-30 04290042 core:CapitalRedemptionReserve 2024-11-30 04290042 core:RetainedEarningsAccumulatedLosses 2025-11-30 04290042 core:RetainedEarningsAccumulatedLosses 2024-11-30 04290042 core:ShareCapitalOrdinaryShareClass1 2025-11-30 04290042 core:ShareCapitalOrdinaryShareClass1 2024-11-30 04290042 bus:Director1 2024-12-01 2025-11-30 04290042 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-01 2025-11-30 04290042 core:LandBuildings core:LongLeaseholdAssets 2024-12-01 2025-11-30 04290042 core:PlantMachinery 2024-12-01 2025-11-30 04290042 core:MotorVehicles 2024-12-01 2025-11-30 04290042 2023-12-01 2024-11-30 04290042 core:LandBuildings 2024-11-30 04290042 core:OtherPropertyPlantEquipment 2024-11-30 04290042 2024-11-30 04290042 core:LandBuildings 2024-12-01 2025-11-30 04290042 core:OtherPropertyPlantEquipment 2024-12-01 2025-11-30 04290042 core:Non-currentFinancialInstruments 2025-11-30 04290042 core:Non-currentFinancialInstruments 2024-11-30 04290042 bus:OrdinaryShareClass1 2024-12-01 2025-11-30 04290042 bus:OrdinaryShareClass1 2025-11-30 04290042 bus:OrdinaryShareClass1 2024-11-30 04290042 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 04290042 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 04290042 bus:FRS102 2024-12-01 2025-11-30 04290042 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 04290042 bus:Director2 2024-12-01 2025-11-30 04290042 bus:CompanySecretary1 2024-12-01 2025-11-30 04290042 bus:FullAccounts 2024-12-01 2025-11-30 xbrli:pure xbrli:shares iso4217:GBP