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Registered number: 13996344
Ilex Holding Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Peter Jarman LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13996344
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,116 5,198
Investment Properties 5 402,695 182,963
406,811 188,161
CURRENT ASSETS
Debtors 6 1,593 3,124
Cash at bank and in hand 5,882 350
7,475 3,474
Creditors: Amounts Falling Due Within One Year 7 (170,980 ) (149,686 )
NET CURRENT ASSETS (LIABILITIES) (163,505 ) (146,212 )
TOTAL ASSETS LESS CURRENT LIABILITIES 243,306 41,949
Creditors: Amounts Falling Due After More Than One Year 8 (258,463 ) (52,497 )
NET LIABILITIES (15,157 ) (10,548 )
Profit and Loss Account (15,157 ) (10,548 )
SHAREHOLDERS' FUNDS (15,157) (10,548)
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S P Dodd
Director
27/07/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ilex Holding Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13996344 . The registered office is 97 Morris Drive, Billingshurst, RH14 9ST.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents rents receivable on investment properties for the accounting period.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2025 5,690 151 5,841
Additions 218 - 218
As at 31 March 2026 5,908 151 6,059
Depreciation
As at 1 April 2025 634 9 643
Provided during the period 1,264 36 1,300
As at 31 March 2026 1,898 45 1,943
Net Book Value
As at 31 March 2026 4,010 106 4,116
As at 1 April 2025 5,056 142 5,198
5. Investment Property
2026
£
Fair Value
As at 1 April 2025 182,963
Additions 219,732
As at 31 March 2026 402,695
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2026 2025
£ £
Cost 402,695 182,963
The company owns 5 investment properties and the combined value of the properties was £402,695 at the financial year end March 2026.
The investment properties have not been revalued at the year end March 2026, as the director does not believe the market value would have changed in this period. 
6. Debtors
2026 2025
£ £
Due within one year
Other debtors 1,593 3,124
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Other creditors 170,980 149,686
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8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 258,463 52,497
9. Secured Creditors
The mortgages are secured over the assets in the company, including the investment properties.
2026 2025
£ £
Bank loans and overdrafts 258,463 52,497
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