13906446 2022-02-10 2023-02-28 13906446 uk-bus:Director1 2022-02-10 2023-02-28 13906446 uk-bus:AuditExemptWithAccountantsReport 2022-02-10 2023-02-28 13906446 uk-bus:SmallEntities 2022-02-10 2023-02-28 13906446 uk-bus:FullAccounts 2022-02-10 2023-02-28 13906446 uk-bus:PrivateLimitedCompanyLtd 2022-02-10 2023-02-28 13906446 2022-02-10 13906446 2023-02-28 13906446 2021-02-10 2022-02-28 13906446 2022-02-28 xbrli:pure iso4217:GBP 13906446 2021-02-10 2022-02-28
Company Registration Number : 13906446 (England and Wales)
13906446
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-02-28
false
IVORY & CASTLE PROPERTY SERVICES LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-02-10
IVORY & CASTLE PROPERTY SERVICES LTD
Unaudited financial statements and annual report
For 384 days period from 10 February 2022 to 28 February 2023
IVORY & CASTLE PROPERTY SERVICES LTD
Contents
For 384 days period from 10 February 2022 to 28 February 2023

CONTENTS PAGE
Company Information 3
Directors' Report 4
Directors' Responsibilities Statement 5
Accountant's Report 5
Income Statement 6
Statement of Financial Position 7
Notes to the Financial Statements 8 - 10
Detailed Income Statement 11


IVORY & CASTLE PROPERTY SERVICES LTD
Company Information
For 384 days period from 10 February 2022 to 28 February 2023

Company registration number 13906446 (England and Wales)
Directors Chiazor Ikechukwu AGU
Maryann Nkechi AGU
Registered office address 55 Downing Road
Essex
RM9 6NP
Accountant












Accountant





IVORY & CASTLE PROPERTY SERVICES LTD
Directors' Report
For 384 days period from 10 February 2022 to 28 February 2023

The directors present their report and the Unaudited Financial Statements for 384 days period from 10 February 2022 to 28 February 2023.
Directors of the company
The following directors held office during the whole of the period:
Chiazor Ikechukwu Agu
Maryann Nkechi Agu
The following directors were appointed during the period:
Chiazor Ikechukwu Agu (Appointed 10 February 2022)
Maryann Nkechi Agu (Appointed 10 February 2022)
Statement of directors' responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare such financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A.
Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to;
  • select suitable accounting policies and then apply them consistently;
  • make judgements and accounting estimates that are reasonable and prudent;and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of directors and signed on its behalf by:
Maryann Nkechi AGU (Director)
Date: 01 January 0001
This report was approved by the board on 2023-10-18 Date: 01 January 0001
IVORY & CASTLE PROPERTY SERVICES LTD
Accountant's report
For 384 days period from 10 February 2022 to 28 February 2023

Accountant's Report to the board of directors on the preparation of the unaudited statutory accounts of IVORY & CASTLE PROPERTY SERVICES LTD for the period ended 28 February 2023.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of IVORY & CASTLE PROPERTY SERVICES LTD for the period ended 28 February 2023.


We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on these financial statements.


You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.


The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.






0001-01-01 Date: 01 January 0001
5
IVORY & CASTLE PROPERTY SERVICES LTD
Income Statement
For 384 days period from 10 February 2022 to 28 February 2023

2023
Notes £
Turnover 5 3,415
Gross profit 3,415
Administrative expenses (618)
Operating profit 2,797
Interest payable and similar charges 7 (1,772)
Profit on ordinary activities before taxation 1,025
Tax 8 (195)
Profit for the year 830
/* == Copy of Frs105 Profit Loss for XML COntent ============================================================ */
Profit and loss account
2023
£
IVORY & CASTLE PROPERTY SERVICES LTD
Statement of Financial Position
For 384 days period from 10 February 2022 to 28 February 2023

2023
Notes £
Fixed assets
Investment Property 9 131,335
131,335
Current assets
Cash and cash equivalents 10 1,017
1,017
Current liabilities
Creditors: Amounts falling due within one year 11 (42,125)
Corporation tax payable (195)
(42,320)
Net current (liabilities)/assets (41,303)
Total assets less current liabilities 90,032
Non-current liabilities
Creditors: Amounts falling due after more than one year 12 (90,000)
Net assets/(liabilities) 32
Capital and reserves
Called up share capital 13 2
Retained earnings 30
Shareholders' funds 32
For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
  • For the year ended 28 February 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 18 October 2023
.............................
Maryann Nkechi AGU (Director)
Company registration number: 13906446
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-02-28 28 February 2023
2023
£
Fixed Assets 131,335
Current Assets 1,017
Creditors: amounts falling due within one year (42,320)
Net current assets (liabilities) (41,303)
Total assets less current liabilities 90,032
CREDITORS: Amounts falling due more than one year (90,000)
Net Assets (liabilities) 32
Capital and Reserves 32
For the year ending 2/28/2023 the company was entitled to exemption 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. For the year ending 28-02-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the small companies provisions and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Approved by the board of directors on 18 October 2023 0001-01-01 and signed on behalf of the board,
.............................
Maryann Nkechi AGU
Director
Company registration number: 13906446
IVORY & CASTLE PROPERTY SERVICES LTD
Notes to the Financial Statements
For 384 days period from 10 February 2022 to 28 February 2023

(1) General Information
IVORY and CASTLE PROPERTY SERVICES LTD is a private company limited by shares, domiciled and incorporated in England and Wales. Its registered office is Petronne House, 31 Church Street, Dagenham RM10 9UR.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies regime.
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Turnover
The revenue from company's operations comprise:
2023
£
Sales 3,415
3,415

(6) Employees
During the period, the average number of employees including director was 0.

(7) Interest payable and similar charges
2023
£
Interest on bank loans and overdrafts 1,772
1,772

(8) Tax
Current tax
2023
£
Corporation tax charge for current year 195
Total current tax 195

(9) Investment Property
Investment Properties
£
Cost
Additions131,335
As at 28 February 2023131,335
Depreciation
As at 28 February 2023-
Net book value
As at 28 February 2023131,335

(10) Cash and cash equivalents
2023
£
Bank balance 1,017
1,017

(11) Creditors: Amounts falling due within one year
2023
£
Other creditors 42,125
42,125

(12) Creditors: Amounts falling due after more than one year
2023
£
Bank loans and overdrafts 90,000
90,000

(13) Share capital and reserves
Alloted,called up and fully paid: 2023
£
2 Ordinary Shares of £ 1 each2
2
Ordinary shares hold equal voting rights.
Retained earnings 2023
£
Profit of the year 830
Dividends paid (800)
At 28 February 2023 30
IVORY & CASTLE PROPERTY SERVICES LTD
Detailed Income Statement
For 384 days period from 10 February 2022 to 28 February 2023

This section does not form part of the statutory accounts.

2023
£
Turnover 3,415
Gross Profit 3,415
Less : Administrative expenses
Insurance 198
Legal and Professional Fees 420
618
Operating profit 2,797
Less : Interest payable and similar charges
Hire Purchase, Mortgage and Other Interest 1,772
1,772
Profit on ordinary activities before taxation 1,025
Less : Tax
Corporation Tax 195
195
Net profit for the year after taxation 830
Less : Distributions
Dividends 800
800
Net profit for the year after dividends 30
Retained profits carried forward 30