REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2023 |
for |
IPI Holdings Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2023 |
for |
IPI Holdings Limited |
IPI Holdings Limited (Registered number: 05399449) |
Contents of the Financial Statements |
for the Year Ended 30 April 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 | to | 4 |
IPI Holdings Limited |
Company Information |
for the Year Ended 30 April 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
IPI Holdings Limited (Registered number: 05399449) |
Balance Sheet |
30 April 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
IPI Holdings Limited (Registered number: 05399449) |
Notes to the Financial Statements |
for the Year Ended 30 April 2023 |
1. | STATUTORY INFORMATION |
IPI Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Fixed assets |
All fixed assets are initially recorded at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 May 2022 |
and 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
At 30 April 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | 1p | 63 | 63 |
IPI Holdings Limited (Registered number: 05399449) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2023 |
8. | RELATED PARTY DISCLOSURES |
During the year, interest of £35,156 (2022: £17,000) was receivable from and at the year end interest of £53,469 ((2022: £18,313) and a loan of £750,000 (2022: £750,0000) was due from Zest Ventures Ltd. Mr R Boughton and Mr M Boughton control Zest Ventures Ltd by virtue of their shareholding in Zest Ventures Holdings Ltd, Zest Ventures Ltd's parent company. Mr R Boughton and Mr M Boughton are directors of Zest Ventures Ltd. The loan is unsecured. The interest rate is that of a secured loan advance by a commercial bank. |
9. | ULTIMATE PARENT COMPANY |
The company is ultimately controlled by Mr R Boughton and Mr M Boughton by virtue of their shareholding in IPI Holdings Ltd parent company, IPI Ventures Ltd.. |