Company Registration No. 13694826 (England and Wales)
Intricate Developments Ltd.
Unaudited accounts
for the year ended 30 June 2023
Intricate Developments Ltd.
Unaudited accounts
Contents
Intricate Developments Ltd.
Company Information
for the year ended 30 June 2023
Directors
Ardeshir Naghshineh
Corin Leonard Thoday
Company Number
13694826 (England and Wales)
Registered Office
11-13 Riverside Road
Norwich
Norfolk
NR1 1SQ
England
Intricate Developments Ltd.
Statement of financial position
as at 30 June 2023
Tangible assets
278,445
221,172
Cash at bank and in hand
-
1
Creditors: amounts falling due within one year
-
(3,580)
Net current assets/(liabilities)
1,679
(999)
Total assets less current liabilities
280,124
220,173
Creditors: amounts falling due after more than one year
(280,045)
(220,073)
Called up share capital
100
100
Profit and loss account
(21)
-
Shareholders' funds
79
100
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by
Corin Leonard Thoday
Director
Company Registration No. 13694826
Intricate Developments Ltd.
Notes to the Accounts
for the year ended 30 June 2023
Intricate Developments Ltd. is a private company, limited by shares, registered in England and Wales, registration number 13694826. The registered office is 11-13 Riverside Road, Norwich, Norfolk, NR1 1SQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention unless otherwise specified within these accounting policies.
At the end of the year the company owed a total of £280,045 (2022: £220,073) to connected parties.
The directors have prepared cashflow projections and business plans which demonstrate that the company has the resources available for the foreseeable future and, in particular, has resources available for the period of 12 months from the date of approval of these financial statements.
The accounts are presented in £ sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts.
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intricate Developments Ltd.
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
7
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
280,045
220,073
8
Transactions with related parties
During the year, Enable Construction Limited, a company controlled by CN Nimmo operated a loan account with the company. At the end of the year, the company owed a total of £229,563 (2022: £169,592) to Enable construction Ltd.
The company also operated a loan account with Harbinger Group Holdings Limited, a company controlled by CN Nimmo. At the end of the year, the value of the loan remained unchanged at £50,481 (2022: £50,481 ).
Intricate Developments limited is ultimately controlled by CN Nimmo.
Intricate Developments Ltd.
Notes to the Accounts
for the year ended 30 June 2023
10
Post balance sheet events
On 13 September 2023 a resolution was passed to change the company name from Harbinger Peterborough Developments Limited to Intricate Developments limited.
On September 22, 2023, an agreement was reached to sell all the allotted and issued share capital of the company to Barrow Close Investments Ltd, a private limited Liability company registered in England and Wales with the registered number 09938733. On the same date CM Keatley and CN Nimmo resigned as directors of the company.
On September 22, 2023, loans of £229,472 owing to Enable Construction Limited, an entity where CM Keatley is Company secretary and CN Nimmo is a director were waived.
On September 22, 2023, loans of £50,481 owing to Harbinger Group Holdings Limited, an entity where CM Keatley is Company secretary and CN Nimmo is a director of were waived.
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).
