Irugasa Group Ltd - Filleted accounts

Registered number

08208286

Irugasa Group Ltd

Filleted Accounts

31 December 2025

Irugasa Group Ltd
Registered number:		08208286
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		193,976			193,984
Investments	4		113,947			113,947
			307,923			307,931

Current assets
Debtors	5	3,741			34,609
Cash at bank and in hand		17,446			738,070
		21,187			772,679

Creditors: amounts falling due within one year	7	(28,870)			(7,012)

Net current (liabilities)/assets			(7,683)			765,667

Net assets			300,240			1,073,598

Capital and reserves
Called up share capital			100			100
Profit and loss account			300,140			1,073,498

Shareholder's funds			300,240			1,073,598

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




Mr L F Claes
Director
Approved by the board on 20 March 2026

Irugasa Group Ltd
Notes to the Accounts
for the year ended 31 December 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
	Fixtures, fittings, tools and equipment	over 3 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


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 January 2025	193,976		1,417		195,393
	At 31 December 2025	193,976		1,417		195,393

	Depreciation
	At 1 January 2025	-		1,409		1,409
	Charge for the year	-		8		8
	At 31 December 2025	-		1,417		1,417

	Net book value
	At 31 December 2025	193,976		-		193,976
	At 31 December 2024	193,976		8		193,984


4	Investments
Investments in
subsidiary			Other
undertakings			investments		Total
£			£		£
	Cost
	At 1 January 2025	150		113,797		113,947

	At 31 December 2025	150		113,797		113,947


5	Debtors			2025		2024
£					£

	Deferred tax asset			3,741		3,664
	Other debtors			-		30,945
				3,741		34,609


6	Investments held as current assets			2025		2024
£					£
	Fair value

	Increase/(decrease) in fair value included in the profit and loss account for the financial year
	Listed investments			-		(34,911)
	Unlisted investments			-		18,667
				-		(16,244)



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

	Amounts owed to group undertakings and undertakings in which the company has a participating interest			20,000		-
	Taxation and social security costs			6,613		4,874
	Other creditors			2,257		2,138
				28,870		7,012


8	Other information

	Irugasa Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	The Old Chapel
	20A Bradley Cottage
	Consett
	County Durham
	DH8 6JZ