ACCOUNTS - Final Accounts preparation

Registered number: 12820324

IPE JIM BRENTWOOD LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 27 SEPTEMBER 2025

IPE JIM BRENTWOOD LIMITED

REGISTERED NUMBER: 12820324

BALANCE SHEET

AS AT 27 SEPTEMBER 2025

		2025		2024
Note		£		£


Current assets
Stocks		1,746,546		2,693,419
Debtors: amounts falling due within one year	4	69,845		247,187
Cash at bank and in hand	5	1,552		4,411
		1,817,943		2,945,017
Creditors: amounts falling due within one year	6	(2,033,041)		(3,029,983)
Net current liabilities			(215,098)		(84,966)
Total assets less current liabilities			(215,098)		(84,966)

Net liabilities			(215,098)		(84,966)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(215,198)	(85,066)
	(215,098)	(84,966)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 September 2026.

Mohammed Adnan Imam

Director

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IPE JIM BRENTWOOD LIMITED

REGISTERED NUMBER: 12820324

BALANCE SHEET (CONTINUED)

AS AT 27 SEPTEMBER 2025

The notes on pages 3 to 6 form part of these financial statements.

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IPE JIM BRENTWOOD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 SEPTEMBER 2025

1.	General information

The company is a members limited liability company incorporated in the United Kingdom.
The registered address of the company is:
22 Gilbert Street
London
W1K 5HD
The company's principal activity is that of property development.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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IPE JIM BRENTWOOD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 SEPTEMBER 2025

2.Accounting policies (continued)

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are capitalised in stock and released to the profit and loss as and when revenue is recognised.

2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

	The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).
	The average monthly number of employees, including directors, during the year was 0 (2024 - 0).

Debtors

					2025	2024
					£	£

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IPE JIM BRENTWOOD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 SEPTEMBER 2025

4.Debtors (continued)

Trade debtors	13,921	-
Amounts owed by group undertakings	43,887	227,906
Other debtors	12,596	8,333
Tax recoverable	(559)	10,948
	69,845	247,187

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	1,552	4,411
	1,552	4,411

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	1,566,544	2,408,113
Trade creditors	70,910	227,480
Other creditors	395,587	394,390
	2,033,041	3,029,983

The following liabilities were secured:
	2025	2021
	£	£


Bank loans	1,566,544	2,408,313
	1,566,544	2,408,313

Details of security provided:

Bank loans of £2,408,313 (2023: £2,213,043) were securred on the assets of the company.

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IPE JIM BRENTWOOD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 SEPTEMBER 2025

7.	Related party transactions
	As at the reporting date, IPE Group (Holdings) Limited owes to the company for £43,887 (2024:£227,906)

		2025	2024
		£	£

	IPE Group (Holdings) Ltd	-	-
		-	-

8.	Controlling party

The ultimate controlling interst is the parent company IPE Group (Holdings) Limited, The ultimate
controlling party is Mohammed Adnan Imam by virtue of his shareholding in the parent company IPE
Group (Holdings) Limited.

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