ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

IPE GROUP (HOLDINGS) LIMITED - Company Information

Print Friendly Version

07236168 2014-05-01 false true 2015-04-302015-04-30 07236168 2015-04-30 07236168 2014-05-01 2015-04-30 07236168 2014-04-30 07236168 c:OrdinaryShareClass1 2015-04-30 07236168 c:OrdinaryShareClass1 2014-04-30 07236168 c:OrdinaryShareClass1 2014-05-01 2015-04-30 07236168 c:Director1 2014-05-01 2015-04-30 xbrli:shares iso4217:GBP

Registered number: 07236168









IPE GROUP (HOLDINGS) LTD







UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015
 
IPE GROUP (HOLDINGS) LTD
REGISTERED NUMBER: 07236168

ABBREVIATED BALANCE SHEET
AS AT 30 APRIL 2015

2015
2014
Note
£
£
£
£
 
CURRENT ASSETS





 
Stocks
-
505,820

 
Debtors
2
2







 
2
505,822
 
CREDITORS: amounts falling due within one year
-
(265,820)
 
NET CURRENT ASSETS


2

240,002
 
TOTAL ASSETS LESS CURRENT LIABILITIES
2
240,002
 
CREDITORS: amounts falling due after more than one year
2
-

(240,000)

NET ASSETS




 2


 2
  
CAPITAL AND RESERVES

 
Called up share capital
3
2
2
 
SHAREHOLDERS' FUNDS
 

 2

 2


The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 April 2015 and of its profit or loss for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


The abbreviated accounts, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 17 June 2016.





................................................
Mohammed Adnan Imam
Director

The notes on page 2 form part of these financial statements.

Page 1
 
IPE GROUP (HOLDINGS) LTD
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

t1.2
Turnover

Turnover comprises revenue recognised by the company in respect of residential property sale exclusive of VAT.
Revenue is recognised on the exchange of contracts.

1.3
Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.


2.CREDITORS:
Amounts falling due after more than one year
As at the year end the company had secured creditors of £Nil (2014 - £240,000).


3.SHARE CAPITAL
        2015
        2014
        £

        £

Allotted, called up and fully paid



2 Ordinary Shares shares of £1 each
 2
 2

Page 2