Company Registration No. 11129209 (England and Wales)
IBTT Properties Ltd
Unaudited accounts
for the year ended 31 January 2023
IBTT Properties Ltd
Unaudited accounts
Contents
IBTT Properties Ltd
Company Information
for the year ended 31 January 2023
Director
Mr Israr Ul Haq Butt
Company Number
11129209 (England and Wales)
Registered Office
2 HAZELTON CLOSE
SHIPLEY
BD18 1QJ
UNITED KINGDOM
Accountants
Raja & Hussain Associates
21
Duckworth Lane
Bradford
West Yorkshire
BD9 5ER
IBTT Properties Ltd
Accountants' report
Accountants' report to the director of IBTT Properties Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
IBTT Properties Ltd for the year ended
31 January 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of IBTT Properties Ltd, as a body, in accordance with the terms of our engagement letter dated 1 September 2019. Our work has been undertaken solely to prepare for your approval the accounts of IBTT Properties Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IBTT Properties Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that IBTT Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of IBTT Properties Ltd. You consider that IBTT Properties Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of IBTT Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Raja & Hussain Associates
21
Duckworth Lane
Bradford
West Yorkshire
BD9 5ER
16 October 2023
IBTT Properties Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
318,734
318,734
Cash at bank and in hand
11,436
5,654
Creditors: amounts falling due within one year
(28,240)
(31,042)
Net current liabilities
(16,804)
(25,388)
Total assets less current liabilities
301,930
293,346
Creditors: amounts falling due after more than one year
(283,690)
(279,304)
Called up share capital
100
100
Profit and loss account
18,140
13,942
Shareholders' funds
18,240
14,042
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 16 October 2023 and were signed on its behalf by
Mr Israr Ul Haq Butt
Director
Company Registration No. 11129209
IBTT Properties Ltd
Notes to the Accounts
for the year ended 31 January 2023
IBTT Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11129209. The registered office is 2 HAZELTON CLOSE, SHIPLEY, BD18 1QJ, UNITED KINGDOM.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
At 1 February 2022
318,734
At 31 January 2023
318,734
At 31 January 2023
318,734
At 31 January 2022
318,734
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
985
1,328
Loans from directors
26,490
28,964
IBTT Properties Ltd
Notes to the Accounts
for the year ended 31 January 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
283,690
279,304
Bank Loan Property Security
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).