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REGISTERED NUMBER: 06928280















Unaudited Financial Statements for the Year Ended 30 June 2022

for

Ivy Lettings Ltd

Ivy Lettings Ltd (Registered number: 06928280)






Contents of the Financial Statements
for the Year Ended 30 June 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ivy Lettings Ltd

Company Information
for the Year Ended 30 June 2022







DIRECTORS: Mr Guy John Van Der Westhuizen
Mrs Mary Elizabeth Van Der Westhuizen





REGISTERED OFFICE: Central Office
Cobweb Buildings
Lyford, Wantage
Oxfordshire
OX12 0EE





REGISTERED NUMBER: 06928280





ACCOUNTANTS: Inca Accountants Ltd
Chartered Certified Accountants
Central Office
Cobweb Buildings
The Lane, Lyford
Nr Wantage
Oxfordshire
OX12 0EE

Ivy Lettings Ltd (Registered number: 06928280)

Balance Sheet
30 June 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 7,923
Tangible assets 5 4,470 6,047
4,470 13,970

CURRENT ASSETS
Debtors 6 893,873 (19,035 )
Cash at bank 1,218,440 402,875
2,112,313 383,840
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

7

(1,512,870

)

(253,886

)
NET CURRENT ASSETS 599,443 129,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

603,913

143,924

ACCRUALS AND DEFERRED INCOME (484,416 ) (105,511 )
NET ASSETS 119,497 38,413

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 119,486 38,402
119,497 38,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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.

Ivy Lettings Ltd (Registered number: 06928280)

Balance Sheet - continued
30 June 2022


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.

Approved and authorised by the Board of Directors and authorised for issue on 26 July 2022 and were signed on its behalf by:





Mr Guy John Van Der Westhuizen - Director


Ivy Lettings Ltd (Registered number: 06928280)

Notes to the Financial Statements
for the Year Ended 30 June 2022

1. STATUTORY INFORMATION

Ivy Lettings Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 3 ) .

Ivy Lettings Ltd (Registered number: 06928280)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 July 2021
and 30 June 2022 10,000 36,557 46,557
AMORTISATION
At 1 July 2021 10,000 28,634 38,634
Amortisation for year - 7,923 7,923
At 30 June 2022 10,000 36,557 46,557
NET BOOK VALUE
At 30 June 2022 - - -
At 30 June 2021 - 7,923 7,923

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2021 23,293
Additions 449
At 30 June 2022 23,742
DEPRECIATION
At 1 July 2021 17,246
Charge for year 2,026
At 30 June 2022 19,272
NET BOOK VALUE
At 30 June 2022 4,470
At 30 June 2021 6,047

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 878,278 (51,394 )
Other debtors 15,595 32,359
893,873 (19,035 )

Ivy Lettings Ltd (Registered number: 06928280)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1,300,442 197,919
Taxation and social security 185,918 42,513
Other creditors 26,510 13,454
1,512,870 253,886