IMA TORONTO 7 LIMITED

Company Registration Number:
13419242 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2025

Period of accounts

Start date: 1 January 2025

End date: 31 December 2025

IMA TORONTO 7 LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

IMA TORONTO 7 LIMITED

Directors' report period ended 31 December 2025

The directors present their report with the financial statements of the company for the period ended 31 December 2025

Directors

The director shown below has held office during the whole of the period from
1 January 2025 to 31 December 2025

Ishil Mehta

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
7 May 2026

And signed on behalf of the board by:
Name: Ishil Mehta
Status: Director

IMA TORONTO 7 LIMITED

Profit And Loss Account

for the Period Ended 31 December 2025

2025 2024


£
£
Turnover: 42,000 38,200
Cost of sales: ( 5,040 ) ( 4,584 )
Gross profit(or loss): 36,960 33,616
Administrative expenses: ( 11,592 ) ( 9,573 )
Operating profit(or loss): 25,368 24,043
Interest receivable and similar income: 5,000
Interest payable and similar charges: ( 25,164 ) ( 27,458 )
Profit(or loss) before tax: 204 1,585
Tax: ( 1,250 )
Profit(or loss) for the financial year: 204 335

IMA TORONTO 7 LIMITED

Balance sheet

As at 31 December 2025

Notes 2025 2024


£
£
Fixed assets
Investments: 3 1,045,000 1,045,000
Total fixed assets: 1,045,000 1,045,000
Current assets
Debtors: 4 0 1,000
Cash at bank and in hand: 456 2,854
Total current assets: 456 3,854
Creditors: amounts falling due within one year: 5 ( 369,236 ) ( 374,536 )
Net current assets (liabilities): (368,780) (370,682)
Total assets less current liabilities: 676,220 674,318
Creditors: amounts falling due after more than one year: 6 ( 673,219 ) ( 671,521 )
Provision for liabilities: ( 3,263 ) ( 3,263 )
Total net assets (liabilities): (262) (466)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (263 ) (467 )
Total Shareholders' funds: ( 262 ) (466)

The notes form part of these financial statements

IMA TORONTO 7 LIMITED

Balance sheet statements

For the year ending 31 December 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 7 May 2026
and signed on behalf of the board by:

Name: Ishil Mehta
Status: Director

The notes form part of these financial statements

IMA TORONTO 7 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover Turnover comprises rental income and other sums receivable from occupiers of Investment Properties. Turnover is recognised on an accruals basis and rental income is recognised on a straight line basis over the lease term. Income received in advance of the reporting date is held as deferred income under creditors.

    Valuation information and policy

    Investment Property Valuation Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

IMA TORONTO 7 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 1 1

IMA TORONTO 7 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

3. Fixed assets investments note

Investment properties are valued by the directors. Valuations are undertaken with reference to the Land Registry House Price Index and reflect the director's views of open market value.

IMA TORONTO 7 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

4. Debtors

2025 2024
£ £
Other debtors 0 1,000
Total 0 1,000

IMA TORONTO 7 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Accruals and deferred income 1,100
Other creditors 369,236 373,436
Total 369,236 374,536

IMA TORONTO 7 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

6. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Bank loans and overdrafts 673,219 671,521
Total 673,219 671,521

IMA TORONTO 7 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

7. Financial Commitments

Transactions with related parties. The company trades with its ultimate parent company and fellow wholly owned subsidiaries in the group. Amounts owed to the ultimate parent company of £369,236 (2024: £374,436) are unsecured, have no fixed date of repayment, are repayable on demand and subject to an average interest rate of 1.4% (2024: 1.4%).