Company Registration No. 04637228 (England and Wales)
Irongate Point Limited
Unaudited accounts
for the year ended 31 March 2023
Irongate Point Limited
Unaudited accounts
Contents
Irongate Point Limited
Company Information
for the year ended 31 March 2023
Directors
David Howard Turner
James Richard Wedge
Company Number
04637228 (England and Wales)
Registered Office
Unit 11 Worton Court
Worton Hall Industrial Estate
Worton Road, Isleworth
Middlesex
TW7 6ER
Accountants
CP Finance
Unit 11, Worton Court,
Worton Hall Estate, Worton Road
Isleworth
Middlesex
TW7 6ER
Irongate Point Limited
Statement of financial position
as at 31 March 2023
Investment property
557,000
557,000
Cash at bank and in hand
2,063
10,660
Creditors: amounts falling due within one year
(324)
(3,629)
Net current assets
30,684
31,169
Total assets less current liabilities
587,684
588,169
Provisions for liabilities
Deferred tax
(14,560)
(14,560)
Net assets
573,124
573,609
Called up share capital
100
100
Revaluation reserve
375,858
376,870
Profit and loss account
197,166
196,639
Shareholders' funds
573,124
573,609
For the year ending 31 March 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 7 November 2023 and were signed on its behalf by
David Howard Turner
Director
Company Registration No. 04637228
Irongate Point Limited
Notes to the Accounts
for the year ended 31 March 2023
Irongate Point Limited is a private company, limited by shares, registered in England and Wales, registration number 04637228. The registered office is Unit 11 Worton Court, Worton Hall Industrial Estate, Worton Road, Isleworth, Middlesex, TW7 6ER.
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.
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.
Fair value at 1 April 2022
557,000
The property was valued on 16 September 2020 by Maunder Taylor, 1320 High Road, London, which resulted in a revaluation increase of £69,200 which was taken to the revaluation reserve.
Amounts falling due within one year
Amounts due from group undertakings etc.
28,759
22,718
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
124
1,209
Irongate Point Limited
Notes to the Accounts
for the year ended 31 March 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The ultimate holding company is Wedge Investments Ltd.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).