IRIS Accounts Production v23.2.0.158 SC735887 director 19.6.22 30.6.23 30.6.23 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7358872022-06-18SC7358872023-06-30SC7358872022-06-192023-06-30SC7358872022-06-18SC735887ns10:Originalns15:Scotland2022-06-192023-06-30SC735887ns14:PoundSterlingns10:Original2022-06-192023-06-30SC735887ns10:Originalns10:Director12022-06-192023-06-30SC735887ns10:Original2022-06-192023-06-30SC735887ns10:Original2023-06-30SC735887ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-192023-06-30SC735887ns10:Originalns10:SmallEntities2022-06-192023-06-30SC735887ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-192023-06-30SC735887ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-192023-06-30SC735887ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-192023-06-30SC735887ns10:Originalns10:FullAccounts2022-06-192023-06-30SC735887ns10:Originalns10:RegisteredOffice2022-06-192023-06-30SC735887ns10:Originalns5:CurrentFinancialInstruments2023-06-30SC735887ns5:ShareCapitalns10:Original2023-06-30SC735887ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-30SC735887ns10:Originalns5:PlantMachinery2022-06-192023-06-30SC735887ns10:Originalns5:PlantMachinery2023-06-30
REGISTERED NUMBER: SC735887 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 19 JUNE 2022 TO 30 JUNE 2023

FOR

IHS PROPERTY MANAGEMENT LIMITED

IHS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: SC735887)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 19 JUNE 2022 TO 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


IHS PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
for the period 19 JUNE 2022 TO 30 JUNE 2023







DIRECTOR: N Angus





REGISTERED OFFICE: 52c Cleveden Drive
Glasgow
G12 0NU





REGISTERED NUMBER: SC735887 (Scotland)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

IHS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: SC735887)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

Notes £   
FIXED ASSETS
Tangible assets 4 2,980
Investment property 5 393,709
396,689

CURRENT ASSETS
Cash at bank 2,405

CREDITORS
Amounts falling due within one year 6 (411,489 )
NET CURRENT LIABILITIES (409,084 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,395

)

CAPITAL AND RESERVES
Called up share capital 30
Retained earnings (12,425 )
(12,395 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2023 and were signed by:





N Angus - Director


IHS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: SC735887)

NOTES TO THE FINANCIAL STATEMENTS
for the period 19 JUNE 2022 TO 30 JUNE 2023

1. STATUTORY INFORMATION

IHS Property Management Limited is a private company, limited by shares, registered in Scotland, registration number SC735887. The registered office is 52c Cleveden Drive, Glasgow, Scotland, G12 0NU.

The principal activity of the company is investment property.

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.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates
In preparing these financial statements, the director is required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

There are no significant judgements or estimates used in the preparation of these accounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

The carrying values of tangible fixed assets are reviewed annually for impairment if events or changes in circumstances indicate the carrying values may not be recoverable.

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.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.


IHS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: SC735887)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 19 JUNE 2022 TO 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL.

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 3,478
At 30 June 2023 3,478
DEPRECIATION
Charge for period 498
At 30 June 2023 498
NET BOOK VALUE
At 30 June 2023 2,980

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 393,709
At 30 June 2023 393,709
NET BOOK VALUE
At 30 June 2023 393,709

IHS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: SC735887)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 19 JUNE 2022 TO 30 JUNE 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to associates 133,120
Other creditors 278,369
411,489