INDIGO PROPERTIES (NE) LTD


Directors	MITCHELL, Darren
	MORGAN, Lynda


Registered Address	5 Southlands
	Coxhoe
	Durham
	DH6 4LQ


Registered Number	11294678 (England and Wales)

Balance Sheet as at
30 April 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		179,126		213,826
			179,126		213,826
Current assets
Cash at bank and on hand		20,496		12,761
		20,496		12,761
Creditors amounts falling due within one year	4	(49,678)		(53,578)
Net current assets (liabilities)			(29,182)		(40,817)
Total assets less current liabilities			149,944		173,009
Creditors amounts falling due after one year	5		(61,212)		(61,205)
Provisions for liabilities	6		(12,350)		(19,475)
Net assets			76,382		92,329
Capital and reserves
Called up share capital			2		2
Revaluation reserve			52,650		83,025
Profit and loss account			23,730		9,302
Shareholders' funds			76,382		92,329

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 September 2026, and are signed on its behalf by:

MITCHELL, Darren
Director

MORGAN, Lynda
Director

Registered Company No. 11294678

INDIGO PROPERTIES (NE) LTD

Notes to the Financial Statements
for the year ended 30 April 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	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.

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.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 May 25	213,826	213,826
Revaluations	(34,700)	(34,700)
At 30 April 26	179,126	179,126
Depreciation and impairment
Charge for year	(2,800)	(2,800)
Other adjustments	2,800	2,800
Net book value
At 30 April 26	179,126	179,126
At 30 April 25	213,826	213,826


	Prior Period Adjustment During the year, it was identified that the revaluation of the property in 2022 was overstated due to an administrative error. The property was previously included at a valuation of £140,000 instead of its correct fair value of £102,500. Comparative figures for 2025 have been restated to correct this error. The effect of the adjustment is to reduce Fixed Assets by £37,500 and reduce Reserves by £37,500. Depreciation was also calculated for 2024-25 on the inflated market value figure which has been reversed within the year. Adjustment has also been made to the deferred tax liability figure.

Prior Period Adjustment

During the year, it was identified that the revaluation of the property in 2022 was overstated due to an administrative error. The property was previously included at a valuation of £140,000 instead of its correct fair value of £102,500. Comparative figures for 2025 have been restated to correct this error. The effect of the adjustment is to reduce Fixed Assets by £37,500 and reduce Reserves by £37,500.  

Depreciation was also calculated for 2024-25 on the inflated market value figure which has been reversed within the year.

Adjustment has also been made to the deferred tax liability figure.

4.	Creditors: amounts due within one year

	2026	2025
	£	£
Bank borrowings and overdrafts	45,751	49,839
Taxation and social security	2,727	2,540
Accrued liabilities and deferred income	1,200	1,199
Total	49,678	53,578

5.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	61,212	61,205
Total	61,212	61,205

6.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	12,350	19,475
Total	12,350	19,475