IPP Management & Design Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06593885 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

FOR

IPP MANAGEMENT & DESIGN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss D L Howarth

REGISTERED OFFICE:

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

REGISTERED NUMBER:

06593885 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

523,874

523,874

523,874

523,874

CURRENT ASSETS

Debtors

6

1,475

120,000

Cash at bank

74,013

247,061

75,488

367,061

CREDITORS

Amounts falling due within one year

7

110,787

397,036

NET CURRENT LIABILITIES

(35,299

)

(29,975

)

TOTAL ASSETS LESS CURRENT LIABILITIES

488,575

493,899

CREDITORS

Amounts falling due after more than one year

8

450,811

450,000

NET ASSETS

37,764

43,899

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

37,763

43,898

SHAREHOLDERS' FUNDS

37,764

43,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th December 2021 and were signed by:

Miss D L Howarth - Director

1.	STATUTORY INFORMATION

IPP Management & Design Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of management and design services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

Straight line over 3 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2020

and 31st March 2021

4,471

DEPRECIATION

At 1st April 2020

and 31st March 2021

4,471

NET BOOK VALUE

At 31st March 2021

-

At 31st March 2020

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2020

and 31st March 2021

523,874

NET BOOK VALUE

At 31st March 2021

523,874

At 31st March 2020

523,874

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

-

120,000

Tax

1,439

-

VAT

36

-

1,475

120,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

-

2,294

Tax

-

7,516

VAT

-

9,408

Directors' current accounts

110,287

377,317

Accrued expenses

500

501

110,787

397,036

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Mortgage loan more than 5 yrs

450,811

450,000

Amounts falling due in more than five years:

Repayable by instalments

Mortgage loan more than 5 yrs

450,811

450,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

1

Ordinary Shares

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1st April 2020

43,898

Deficit for the year

(6,135

)

At 31st March 2021

37,763

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss D L Howarth.