Company Registration No. 13333053 (England and Wales)
I & M PROPERTIES MANAGEMENT LTD
Unaudited accounts
for the year ended 30 April 2023
I & M PROPERTIES MANAGEMENT LTD
Unaudited accounts
Contents
I & M PROPERTIES MANAGEMENT LTD
Company Information
for the year ended 30 April 2023
Directors
PALUSZKIEWICZ, Izabela
PALUSZKIEWICZ, Mariusz Tomasz
Company Number
13333053 (England and Wales)
Registered Office
16 BIDEFORD CLOSE
WOODLEY
READING
RG53 3SE
ENGLAND
Accountants
Sylwia Misiewicz
Building 51
Budds Lane
Bordon
GU35 0FJ
I & M PROPERTIES MANAGEMENT LTD
Statement of financial position
as at 30 April 2023
Investment property
895,194
476,303
Debtors
(125,070)
(142,200)
Cash at bank and in hand
9,106
143,831
Creditors: amounts falling due within one year
(142,964)
(141,978)
Net current liabilities
(258,928)
(140,347)
Total assets less current liabilities
636,266
335,956
Creditors: amounts falling due after more than one year
(641,235)
(344,985)
Net liabilities
(4,969)
(9,029)
Called up share capital
1
1
Profit and loss account
(4,970)
(9,030)
Shareholders' funds
(4,969)
(9,029)
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by
PALUSZKIEWICZ, Mariusz Tomasz
Director
Company Registration No. 13333053
I & M PROPERTIES MANAGEMENT LTD
Notes to the Accounts
for the year ended 30 April 2023
I & M PROPERTIES MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 13333053. The registered office is 16 BIDEFORD CLOSE, WOODLEY, READING, RG53 3SE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
New property purchased
Fair value at 1 May 2022
476,303
Amounts falling due within one year
Accrued income and prepayments
-
(142,200)
Amounts falling due after more than one year
Accrued income and prepayments
(125,070)
-
I & M PROPERTIES MANAGEMENT LTD
Notes to the Accounts
for the year ended 30 April 2023
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
142,964
141,844
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
641,235
344,985
8
Capital commitments
2023
2022
A mortgage with Pepper Money - Repayment method Interest Only
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).