Impax Developments Ltd 31/03/2023 iXBRL

IMPAX DEVELOPMENTS LIMITED - Company Information

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Company registration number: 4452086

Impax Developments Ltd

Unaudited filleted financial statements

31 March 2023

Impax Developments Ltd

Contents

Directors and other information

Accountant's report

Statement of financial position and notes to the financial statements

Impax Developments Ltd

Directors and other information


	Directors	Mr Mark Richard Axten
		Mr Garry Mark Wakefield


	Secretary	Mark Richard Axten


	Company number	4452086


	Registered office	Ground Floor East
		30-40 Eastcheap
		City of London
		London
		EC3M 1HD


	Business address	Ground Floor East
		30 - 40 Eastcheap
		City of London
		London
		EC3M 1HD


	Accountant	Kay Peters & Co
		Ground Floor East
		30-40 Eastcheap
		City of London
		London
		EC3M 1HD




	Bankers	Clydesdale Bank plc
		30 St. Vincent Place
		Glasgow
		G1 2HL


	Solicitors	Bentleys
		Saxon House
		182 Hoe Street
		Walthamstow
		London E17 4QH

Impax Developments Ltd

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Impax Developments Ltd

Year ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Impax Developments Ltd for the year ended 31 March 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Impax Developments Ltd, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Impax Developments Ltd and state those matters that we have agreed to state to the board of directors of Impax Developments Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Impax Developments Ltd and its board of directors as a body for my work or for this report.

It is your duty to ensure that Impax Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Impax Developments Ltd. You consider that Impax Developments Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Impax Developments Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Kay Peters & Co

Chartered Certified Accountants

Ground Floor East

30-40 Eastcheap

City of London

London

EC3M 1HD

17 October 2023

Impax Developments Ltd

Statement of financial position

31 March 2023

	2023		2022
	£	£	£	£

Fixed assets		249,248		249,248
		_______		_______

Current assets	356,069		482,786
Prepayments and accrued income	-		1,700
	_______		_______
		356,069		484,486

Creditors: amounts falling due within one year		( 100,528)		( 96,538)
		_______		_______

Net current assets		255,541		387,948
		_______		_______

Total assets less current liabilities		504,789		637,196

Accruals and deferred income		( 14,502)		( 12,960)

		_______		_______
Net assets		490,287		624,236
		_______		_______

Capital and reserves		490,287		624,236
		_______		_______

Notes to the financial statements

Impax Developments Ltd

Year ended 31 March 2023

1. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2022: Nil).

2. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2023
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Mark Richard Axten	15,091	( 1,870)	( 36,000)	( 22,779)
	Mr Garry Mark Wakefield	46,375	( 1,870)	( 36,000)	8,505
		_______	_______	_______	_______
		61,466	( 3,740)	( 72,000)	( 14,274)
		_______	_______	_______	_______

2022
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Mark Richard Axten	57,646	( 7,555)	( 35,000)	15,091
	Mr Garry Mark Wakefield	88,930	( 7,555)	( 35,000)	46,375
		_______	_______	_______	_______
		146,576	( 15,110)	( 70,000)	61,466
		_______	_______	_______	_______

The directors' loans are unsecured and not subject to interest. There is no repayment date set at this point in time. The directors have retained the right to charge interest and set a repayment date which is solely at their discretion.

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsiblities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

These financial statements were approved by the board of directors and authorised for issue on 13 October 2023 , and are signed on behalf of the board by:

Mr Mark Richard Axten Mr Garry Mark Wakefield

Director Director

Company registration number: 4452086

The company is a private company limited by shares, registered in England.