IRIS Accounts Production v23.2.0.158 14261309 Board of Directors Board of Directors 28.7.22 31.7.23 31.7.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh142613092022-07-27142613092023-07-31142613092022-07-282023-07-31142613092022-07-2714261309ns10:Originalns15:EnglandWales2022-07-282023-07-3114261309ns14:PoundSterlingns10:Original2022-07-282023-07-3114261309ns10:Originalns10:Director12022-07-282023-07-3114261309ns10:Original2022-07-282023-07-3114261309ns10:Originalns10:Director22022-07-282023-07-3114261309ns10:Original2023-07-3114261309ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-282023-07-3114261309ns10:Originalns10:SmallEntities2022-07-282023-07-3114261309ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-282023-07-3114261309ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-282023-07-3114261309ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-282023-07-3114261309ns10:Originalns10:FullAccounts2022-07-282023-07-3114261309ns10:Originalns10:RegisteredOffice2022-07-282023-07-3114261309ns10:Originalns5:CurrentFinancialInstruments2023-07-3114261309ns10:Originalns5:Non-currentFinancialInstruments2023-07-3114261309ns5:ShareCapitalns10:Original2023-07-3114261309ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3114261309ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3114261309ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3114261309ns5:Securedns10:Original2023-07-31
REGISTERED NUMBER: 14261309 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 28 JULY 2022 TO 31 JULY 2023

FOR

ID PROPERTY ALLIANCE LTD

ID PROPERTY ALLIANCE LTD (REGISTERED NUMBER: 14261309)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 JULY 2022 TO 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ID PROPERTY ALLIANCE LTD

COMPANY INFORMATION
FOR THE PERIOD 28 JULY 2022 TO 31 JULY 2023







DIRECTORS: Mr I J Davis
Mr D E Knight





REGISTERED OFFICE: 59 Hunts Grove Drive
Hardwicke
Gloucester
GL2 4BH





REGISTERED NUMBER: 14261309 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

ID PROPERTY ALLIANCE LTD (REGISTERED NUMBER: 14261309)

BALANCE SHEET
31 JULY 2023

Notes £   
FIXED ASSETS
Investment property 4 220,736

CURRENT ASSETS
Debtors 5 2,065
Cash at bank 4,829
6,894
CREDITORS
Amounts falling due within one year 6 (75,625 )
NET CURRENT LIABILITIES (68,731 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,005

CREDITORS
Amounts falling due after more than one year 7 (159,977 )
NET LIABILITIES (7,972 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (8,072 )
SHAREHOLDERS' FUNDS (7,972 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 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.

ID PROPERTY ALLIANCE LTD (REGISTERED NUMBER: 14261309)

BALANCE SHEET - continued
31 JULY 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:




Mr I J Davis - Director



Mr D E Knight - Director


ID PROPERTY ALLIANCE LTD (REGISTERED NUMBER: 14261309)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 JULY 2022 TO 31 JULY 2023

1. STATUTORY INFORMATION

Id Property Alliance Ltd 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.

Turnover
Turnover represents rents receivable on investment properties for the accounting period.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

ID PROPERTY ALLIANCE LTD (REGISTERED NUMBER: 14261309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 JULY 2022 TO 31 JULY 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 220,736
At 31 July 2023 220,736
NET BOOK VALUE
At 31 July 2023 220,736

The property was purchased in November 2022, and has not been revaluated at the year end July 2023. The directors does not believe the market value would have changes in this period.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 2,065

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 34,501
Other creditors 41,124
75,625

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 159,977

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 159,977

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 194,478

The mortgage is secured by a fixed charge over the assets in the company including the investment property.

ID PROPERTY ALLIANCE LTD (REGISTERED NUMBER: 14261309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 JULY 2022 TO 31 JULY 2023

9. RELATED PARTY DISCLOSURES

Springfield Property Renovations Limited

A company in which Mr D Knight is shareholder and director.


£   
Amount due from related party at the balance sheet date 34,501