ACCOUNTS - Final Accounts preparation

Company registration number: 08639460

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2026

	I.M.M.G PROPERTIES LIMITED


I.M.M.G PROPERTIES LIMITED

COMPANY INFORMATION

Directors	G M Cannon
	M R Cannon


Registered number	08639460


Registered office	86 Warwick Road
	London
	W5 5PT


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Origin One
	108 High Street
	Crawley
	RH10 1BD


I.M.M.G PROPERTIES LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 5


I.M.M.G PROPERTIES LIMITED REGISTERED NUMBER:08639460

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Investment property	4		-		450,000
			-		450,000
Current assets
Debtors: amounts falling due within one year	5	-		338
Cash at bank and in hand		257,371		33,996
		257,371		34,334
Creditors: amounts falling due within one year	6	(19,099)		(218,871)
Net current assets/(liabilities)			238,272		(184,537)
Provisions for liabilities
Deferred tax		-		(13,737)
			-		(13,737)
Net assets			238,272		251,726

Capital and reserves
Allotted, called up and fully paid share capital		5,000	5,000
Profit and loss account	7	233,272	246,726
		238,272	251,726

Page 1


I.M.M.G PROPERTIES LIMITED REGISTERED NUMBER:08639460

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2026

The directors consider 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 directors acknowledge their 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 statement of income and retained earnings 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 by:

G M Cannon

Director

Date: 6 October 2026

The notes on pages 3 to 5 form part of these financial statements.

Page 2


I.M.M.G PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

I.M.M.G Properties Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

As is shown by the statement of financial position, the company reports net current assets/(liabilities) as at 31 March 2026 of £238,272 (2025: £(184,537)). The prior year net current liabilities primarily resulted from the recognition of the directors' loans of 2025: £(213,513) as a current liability, as they are repayable on demand. The directors' loan balances have been repaid by the company and there is now a debit balance owed from the directors to the company of £1,005 for the year ended 31 March 2026.

The directors are intending to make the company dormant in the following accounting year.

2.3

Turnover

Revenue consists of rental income and 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.

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of financial position date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3


I.M.M.G PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.5

Investment property

Investment property is carried at fair value determined annually by the directors 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. Changes in fair value are recognised in the Statement of income and retained earnings.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 2).

4.	Investment property

		Freehold investment property
		£

	At 1 April 2025	450,000
	Disposals	(450,000)
	At 31 March 2026	-

The deferred tax recognised in these accounts in relation to the revaluation of the properties amounts to £Nil (2025 - £13,737).

Debtors

					2026	2025
					£	£


Prepayments and accrued income	-	338
	-	338

Page 4


I.M.M.G PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	-	600
Corporation tax	12,754	1,708
Other creditors	2,925	213,513
Accruals and deferred income	3,420	3,050
	19,099	218,871

Reserves

Revaluation reserve

Included within the Profit and Loss Account is an undistributable amount of £Nil (2025: £88,154) relating to the fair value movement of investment property in the year after taking into account taxation.

8.	Related party transactions
	At 31 March 2026 the company was owed by the directors £1,005 (2025: £(213,513) owed to the directors). This represents interest free loans which are payable on demand.

		2026	2025
		£	£

Balance outstanding at start of the year	(213,513)	(210,165)
Amounts advanced	211,100	670
Amounts repaid	(512)	(4,018)
	(2,925)	(213,513)

Page 5