ACCOUNTS - Final Accounts preparation

IPE GROUP (HOLDINGS) LIMITED - Company Information

Print Friendly Version

Registered number: 07236168

IPE GROUP (HOLDINGS) LTD

UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2016

IPE GROUP (HOLDINGS) LTD

COMPANY INFORMATION

DIRECTOR	Mohammed Adnan Imam


REGISTERED NUMBER	07236168


REGISTERED OFFICE	Black Sea House
	72 Wilson Street
	London
	EC2A 2DH

IPE GROUP (HOLDINGS) LTD

CONTENTS

	Page
Director's report	1
Profit and loss account	2
Balance sheet	2 - 3
Notes to the financial statements	4 - 6

IPE GROUP (HOLDINGS) LTD

DIRECTOR'S REPORT

FOR THE PERIOD ENDED 31 MARCH 2016

The director presents his report and the unaudited financial statements for the Period ended 31 March 2016.

PRINCIPAL ACTIVITY

The principal activity of the company for the period under review was that of an Investment Holding Company.

DIRECTOR

The director who served during the Period was:

Mohammed Adnan Imam

This report was approved by the board and signed on its behalf.

................................................

Mohammed Adnan Imam

Director

Date: 20 October 2016

Page 1

IPE GROUP (HOLDINGS) LTD

REGISTERED NUMBER: 07236168

PROFIT AND LOSS ACCOUNT

FOR THE PERIOD ENDED 31 MARCH 2016

		2016	2015
	Note	£	£
TURNOVER	1	-	530,000
Cost of sales		-	(530,000)
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION		-	-
Tax on profit on ordinary activities		-	-
PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION		-	-
PROFIT BROUGHT FORWARD		-	-

RETAINED PROFIT CARRIED FORWARD		-	-

There are no material differences between the profit on ordinary activities before taxation and the retained profit for the financial Period stated above and their historical cost equivalents.

The company has not traded during the Period. During this period, the company received no income and incurred no expenditure and therefore made neither profit or loss.

BALANCE SHEET

AS AT 31 MARCH 2016

	31 March	30 April
	2016	2015

	Note	£	£	£	£
FIXED ASSETS
Investments	2		190		-

CURRENT ASSETS
Debtors	3	125,000		2
CREDITORS: amounts falling due within one year	4	(125,188)		-
NET CURRENT (LIABILITIES)/ASSETS			(188)		2

TOTAL ASSETS LESS CURRENT LIABILITIES

CAPITAL AND RESERVES
Called up share capital	5		2		2

SHAREHOLDERS' FUNDS

Page 2

IPE GROUP (HOLDINGS) LTD

BALANCE SHEET (continued)

AS AT 31 MARCH 2016

The financial statements have been prepared in accordance with the provisions applicable to small companies within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the Period ended 31 March 2016 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 the end of the financial Period and of its profit or loss for the financial Period, 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 financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 October 2016.

................................................

Mohammed Adnan Imam

Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

IPE GROUP (HOLDINGS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2016

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
		The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

	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	Investments
		Investments held as fixed assets are shown at cost less provision for impairment.

2.FIXED ASSET INVESTMENTS

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 May 2015	-
	Additions	190
	At 31 March 2016	190

	Net book value
	At 31 March 2016	190
	At 30 April 2015	-

Subsidiary undertakings

The following were subsidiary undertakings of the company:

		Name	Class of shares	Holding

Matchmakers Property Limited

Ordinary

100%

Page 4

IPE GROUP (HOLDINGS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2016

2.FIXED ASSET INVESTMENTS (continued)

The aggregate of the share capital and reserves as at 31 March 2016 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name	Aggregate of share capital and reserves	Profit/(loss)
	£	£

Matchmakers Property Limited	1	-

3.DEBTORS

	31 March	30 April
	2016	2015
	£	£

Other debtors	125,000	-
Called up share capital not paid	-	2


	125,000	2

4.CREDITORS:
Amounts falling due within one year

	31 March	30 April
	2016	2015
	£	£
Other creditors	125,188	-

5.SHARE CAPITAL

	31 March	30 April
	2016	2015
	£	£
Allotted, called up and fully paid

2 Ordinary shares of £1 each	2	2

Page 5

IPE GROUP (HOLDINGS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2016

6.RECONCILIATION OF MOVEMENT IN SHAREHOLDERS' FUNDS

	31 March	30 April
	2016	2015
	£	£
Shareholders' funds at 1 May 2015 and 31 March 2016	2	2

7.RELATED PARTY TRANSACTIONS

At the year end the company owed a balance to IPE Capital Limited, a company that is owned and controlled by Mohammed Adnan Imam, a director and shareholder of the Company.

	2016	2015
	£	£
IPE Capital Limited	125,000	-

8.PRINCIPAL SUBSIDIARIES

	Company name	Country	Percentage Shareholding	Description
	Matchmakers Property Limited	United Kingdom	100	Property Development

Page 6