Imperial_Property_Cardiff_Limited_31_Aug_2025_companies_house_set_of

		2025	2024
Fixed assets
Intangible assets	5	164,236		197,112
Tangible assets	5	26,684,188		24,163,728
		26,848,424		24,360,840
Current assets
Debtors		582,976		814,510
Cash at bank and in hand		5,057		279
		588,033		814,789
Creditors: amounts falling due within one year		(162,322	)	(207,161	)
Net current assets		425,711		607,628
Total assets less current liabilities		27,274,135		24,968,468
Creditors: amounts falling due after more than one year		(15,476,343	)	(15,277,803	)
Provisions for liabilities		(763,727	)	-
Net assets		11,034,065		9,690,665
Capital and reserves
Called up share capital		8,741,613		9,741,613
Other reserves		2,291,180		-
Profit and loss account		1,272		(50,948	)
Shareholders funds		11,034,065		9,690,665

Imperial Property Cardiff Limited

Notes to the Abridged Financial Statements

Year ended

31 August 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

164a Richmond Road

Cardiff

CF24 3BX

, Wales.

2 Statement of compliance

These

abridged financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

abridged financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

abridged financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

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

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Other intangible assets

Straight line over the length of the term

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment	20% reducing balance
Motor vehicles	15% reducing balance

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

6.00

5 Fixed assets

	Intangible assets	Tangible assets		Total
	£	£		£
Cost or valuation
At 1 September 2024	238,819	24,165,055		24,403,874
Additions	14,538	53,196		67,734
Disposals	-	(586,000	)	(586,000	)
Revaluations	-	3,054,907		3,054,907
At 31 August 2025	253,357	26,687,158		26,940,515
Amortisation and depreciation
At 1 September 2024	41,707	1,327		43,034
Charge	47,414	1,643		49,057
At 31 August 2025	89,121	2,970		92,091
Carrying amount
At 31 August 2025	164,236	26,684,188		26,848,424
At 31 August 2024	197,112	24,163,728		24,360,840

Investment property

Included in tangible assets are the following amounts related to investment properties held at valuation:

	2025
	£
Carrying amount at 1 September 2024	24,154,175.00
Additions	51,918
Disposals	(586,000	)
Fair value adjustments	3,054,907
Carrying amount at 31 August 2025	26,675,000

6 Fair value reserve

Included within other reserves is the fair value reserve as follows:

	2025	2024
	£	£
At start of year	-	-
Other movements in other comprehensive income	2,291,180	-
At end of year	2,291,180	-

7 Related party transactions

During the year the company entered into the following transactions with related parties:

	2025		2024
	£		£
Abedi Ltd	302,205		79,205
Hamaa Ltd	-		98,247
Mahsa Ltd	78,000		90,000
Imperial UK Property LLP	-		191,910
Umbra Building Services Ltd	(18,620	)	33,706

		2025		2024
	Note	£		£
Fixed assets
Intangible assets	5	164,236		197,112
Tangible assets	5	26,684,188		24,163,728
		26,848,424		24,360,840
Current assets
Debtors		582,976		814,510
Cash at bank and in hand		5,057		279
		588,033		814,789
Creditors: amounts falling due within one year		(162,322	)	(207,161	)
Net current assets		425,711		607,628
Total assets less current liabilities		27,274,135		24,968,468
Creditors: amounts falling due after more than one year		(15,476,343	)	(15,277,803	)
Provisions for liabilities		(763,727	)	-
Net assets		11,034,065		9,690,665
Capital and reserves
Called up share capital		8,741,613		9,741,613
Other reserves		2,291,180		-
Profit and loss account		1,272		(50,948	)
Shareholders funds		11,034,065		9,690,665