Ima Estates Ltd - Filleted accounts

Registered number

08075741

Ima Estates Ltd

Filleted Accounts

31 May 2025

Ima Estates Ltd
Registered number:		08075741
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		350,182			350,182

Current assets
Debtors	4	2,242			3,485
Cash at bank and in hand		12,582			16,061
		14,824			19,546

Creditors: amounts falling due within one year	5	(62,819)			(57,668)

Net current liabilities			(47,995)			(38,122)

Net assets			302,187			312,060

Capital and reserves
Called up share capital			100			100
Revaluation reserve	6		156,259			156,259
Profit and loss account			145,828			155,701

Shareholders' funds			302,187			312,060

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J Feingold
Director
Approved by the board on 30 July 2026

Ima Estates Ltd
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 June 2024	350,000		482		350,482
	At 31 May 2025	350,000		482		350,482

	Depreciation
	At 1 June 2024	-		300		300
	At 31 May 2025	-		300		300

	Net book value
	At 31 May 2025	350,000		182		350,182
	At 31 May 2024	350,000		182		350,182


	Freehold land and buildings:			2025		2024
£					£
	Historical cost			193,741		193,741
	Cumulative depreciation based on historical cost			-		-
				193,741		193,741


4	Debtors			2025		2024
£					£

	Trade debtors			457		1,764
	Other debtors			1,785		1,721
				2,242		3,485


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			346		3,045
	Other creditors			62,473		54,623
				62,819		57,668


6	Revaluation reserve			2025		2024
£					£

	At 1 June 2024			156,259		156,259

	At 31 May 2025			156,259		156,259


7	Other information

	Ima Estates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	c/o B Olsberg & Co
	Room 9 Enterprise House
	3 Middleton rd
	Manchester
	M8 5DT