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REGISTERED NUMBER: 09309102 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2021

FOR

INDEPENDENT PROPERTY SERVICES
(NORTHANTS) LIMITED

INDEPENDENT PROPERTY SERVICES
(NORTHANTS) LIMITED (REGISTERED NUMBER: 09309102)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INDEPENDENT PROPERTY SERVICES
(NORTHANTS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2021







DIRECTORS: Ms C M Corbett
Ms Z Yerrell





REGISTERED OFFICE: 1 Rose Paddock
Woodford
Kettering
Northamptonshire
NN14 4RB





REGISTERED NUMBER: 09309102 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

INDEPENDENT PROPERTY SERVICES
(NORTHANTS) LIMITED (REGISTERED NUMBER: 09309102)

BALANCE SHEET
30TH NOVEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,579,571 1,803,389

CURRENT ASSETS
Stocks - 62,615
Debtors 5 31,932 85,194
Cash at bank and in hand 77,485 145,866
109,417 293,675
CREDITORS
Amounts falling due within one year 6 120,137 116,381
NET CURRENT (LIABILITIES)/ASSETS (10,720 ) 177,294
TOTAL ASSETS LESS CURRENT LIABILITIES 2,568,851 1,980,683

CREDITORS
Amounts falling due after more than one
year

7

(1,485,968

)

(1,114,169

)

PROVISIONS FOR LIABILITIES (79,627 ) (33,574 )
NET ASSETS 1,003,256 832,940

CAPITAL AND RESERVES
Called up share capital 621,100 621,100
Fair value reserve 466,156 321,594
Retained earnings (84,000 ) (109,754 )
SHAREHOLDERS' FUNDS 1,003,256 832,940

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2021 in accordance with Section 476 of the Companies Act 2006.

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.

INDEPENDENT PROPERTY SERVICES
(NORTHANTS) LIMITED (REGISTERED NUMBER: 09309102)

BALANCE SHEET - continued
30TH NOVEMBER 2021


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th August 2022 and were signed on its behalf by:




Ms Z Yerrell - Director



Ms C M Corbett - Director


INDEPENDENT PROPERTY SERVICES
(NORTHANTS) LIMITED (REGISTERED NUMBER: 09309102)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2021

1. STATUTORY INFORMATION

Independent Property Services (Northants) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

INDEPENDENT PROPERTY SERVICES
(NORTHANTS) LIMITED (REGISTERED NUMBER: 09309102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2021

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1st December 2020 1,779,090 56,202 1,800 8,204 1,845,296
Additions 542,369 60,995 - 4,821 608,185
Revaluations 178,472 - - - 178,472
At 30th November 2021 2,499,931 117,197 1,800 13,025 2,631,953
DEPRECIATION
At 1st December 2020 - 34,379 1,480 6,048 41,907
Charge for year - 9,268 80 1,127 10,475
At 30th November 2021 - 43,647 1,560 7,175 52,382
NET BOOK VALUE
At 30th November 2021 2,499,931 73,550 240 5,850 2,579,571
At 30th November 2020 1,779,090 21,823 320 2,156 1,803,389

Cost or valuation at 30th November 2021 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2017 138,428 - - - 138,428
Valuation in 2018 88,126 - - - 88,126
Valuation in 2019 32,300 - - - 32,300
Valuation in 2020 131,784 - - - 131,784
Valuation in 2021 178,472 - - - 178,472
Cost 1,930,821 117,197 1,800 13,025 2,062,843
2,499,931 117,197 1,800 13,025 2,631,953

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 15,619 7,221
Amounts owed by group undertakings - 44,087
Other debtors 16,313 33,886
31,932 85,194

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts - 50,000
Trade creditors 3,145 285
Taxation and social security 2,141 1,585
Other creditors 114,851 64,511
120,137 116,381

INDEPENDENT PROPERTY SERVICES
(NORTHANTS) LIMITED (REGISTERED NUMBER: 09309102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 1,332,767 960,968
Other creditors 153,201 153,201
1,485,968 1,114,169

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,332,767 960,968
Investment loans more 5yrs 153,201 153,201
1,485,968 1,114,169

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, there was a balance owing to the company by a director of £6,454 (2020: £6,766).

At the year end, there was a balance owing to a director by the company of £62,310 (2020: £17,260 debtor).

9. RELATED PARTY DISCLOSURES

Included within other debtors are amounts owing to the company from ICCM Training Limited, a connected company, of £nil (2020: £44,087).