REGISTERED NUMBER: 08504327 (England and Wales)

Unaudited Financial Statements For The Year Ended 31st May 2025

for

Ignite Enterprises Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S K Desour

REGISTERED OFFICE:

1st Floor

5 Century Court

Tolpits Lane

Watford

WD18 9PX

REGISTERED NUMBER:

08504327 (England and Wales)

ACCOUNTANTS:

Dua & Co. Limited

1st Floor

5 Century Court

Tolpits Lane

Watford

Hertfordshire

WD18 9PX

FIXED ASSETS

Property, plant and equipment

4

1,250,000

1,250,000

Investments

5

2

2

1,250,002

1,250,002

CURRENT ASSETS

Debtors

6

201,449

189,039

Cash at bank

379,134

248

580,583

189,287

CREDITORS

Amounts falling due within one year

7

314,220

298,138

NET CURRENT ASSETS/(LIABILITIES)

266,363

(108,851

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,516,365

1,141,151

CREDITORS

Amounts falling due after more than one year

8

(654,763

)

(387,329

)

PROVISIONS FOR LIABILITIES

(156,447

)

(96,025

)

NET ASSETS

705,155

657,797

CAPITAL AND RESERVES

Called up share capital

13

13

Revaluation reserve

10

304,250

628,036

Retained earnings

400,892

29,748

705,155

657,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 29th May 2026 and were signed by:

S K Desour - Director

1.	STATUTORY INFORMATION

Ignite Enterprises 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.

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

Revenue 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Land and

buildings

£

COST OR VALUATION

At 1st June 2024

1,250,000

Additions

945,750

Disposals

(1,250,000

)

Revaluations

304,250

At 31st May 2025

1,250,000

NET BOOK VALUE

At 31st May 2025

1,250,000

At 31st May 2024

1,250,000

Cost or valuation at 31st May 2025 is represented by:

Land and

buildings

£

Valuation in 2019

178,036

Valuation in 2022

333,770

Valuation in 2023

(111,270

)

Valuation in 2024

(100,000

)

Valuation in 2025

949,464

1,250,000

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st June 2024

and 31st May 2025

2

NET BOOK VALUE

At 31st May 2025

2

At 31st May 2024

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by participating interests

656

-

Other debtors

200,793

189,039

201,449

189,039

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

19,250

-

Amounts owed to participating interests

368,472

406,415

Taxation and social security

35,979

(1,355

)

Other creditors

(109,481

)

(106,922

)

314,220

298,138

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

654,763

387,329

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

654,763

387,329

The bank loan is secured by a fixed and floating charge over the assets of the company and its subsidiary in favour of Interbay Funding.

10.

RESERVES

Revaluation

reserve

£

At 1st June 2024

628,036

Movement in the year

(323,786

)

At 31st May 2025

304,250

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2025 and 31st May 2024:

2025

2024

£

£

S K Desour

Balance outstanding at start of year

114,342

114,342

Amounts repaid

(471

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

113,871

114,342

Interest has been charged on the director's loan at 3%. The loan has no fixed terms of repayment.

12.	RELATED PARTY DISCLOSURES

As on 31/05/2024, the company had a balance due of £368,472 (2024 : £406,414) to group companies.

Included within other creditors is a balance of £114,342 due from Mrs M Desour, a significant shareholder in the Company. Interest of 3% is being charged on the loan.

13.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr. Sanjeev Desour by virtue of his shareholdings.

14.	GROUP ACCOUNTING

The company is exempt from preparing group accounts as it is a small group.