IP Estates Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11326102 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

IP ESTATES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

I Stern

REGISTERED OFFICE:

54 Portland Avenue

London

N16 6EA

REGISTERED NUMBER:

11326102 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

1,533

1,804

Investment property

5

1,479,922

1,481,455

1,481,726

CURRENT ASSETS

Debtors

6

154,045

153,045

Cash at bank

11,060

8,779

165,105

161,824

CREDITORS

Amounts falling due within one year

7

(365,184

)

(361,353

)

NET CURRENT LIABILITIES

(200,079

)

(199,529

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,281,376

1,282,197

CREDITORS

Amounts falling due after more than one
year

8

(1,127,590

)

(1,132,428

)

PROVISIONS FOR LIABILITIES

(6,279

)

(6,279

)

NET ASSETS

147,507

143,490

CAPITAL AND RESERVES

Called up share capital

10

1

Fair value reserve

11

26,768

Retained earnings

11

120,738

116,721

SHAREHOLDERS' FUNDS

147,507

143,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 April 2026 and were signed by:

I Stern - Director

1.	STATUTORY INFORMATION

IP Estates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2024

and 30 April 2025

4,782

DEPRECIATION

At 1 May 2024

2,978

Charge for year

271

At 30 April 2025

3,249

NET BOOK VALUE

At 30 April 2025

1,533

At 30 April 2024

1,804

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

1,479,922

NET BOOK VALUE

At 30 April 2025

1,479,922

At 30 April 2024

1,479,922

Fair value at 30 April 2025 is represented by:

£

Valuation in 2020

33,047

Cost

1,446,875

1,479,922

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Other debtors

154,045

153,045

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Taxation and social security

11,165

14,867

Other creditors

354,019

346,486

365,184

361,353

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.4.25

30.4.24

£

Bank loans

1,103,000

Other creditors

24,590

29,428

1,127,590

1,132,428

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,103,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

Bank loans

1,103,000

Other loans

24,590

29,428

1,127,590

1,132,428

1. Long term bank loan is secured by first charge over the company's investment property.

2. Under the bank loan, £24,590 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

1

Ordinary

£1

1

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 May 2024

116,721

26,768

143,489

Profit for the year

4,017

At 30 April 2025

120,738

26,768

147,506

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I Stern.