Iro Property Ltd Filleted Accounts Cover
Iro Property Ltd
Company No. 13174749
Information for Filing with The Registrar
28 February 2023
Iro Property Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 28 February 2023.
Principal activities
The principal activity of the company during the year under review was letting and operating of own real estate.
Directors
The Directors who served at any time during the year were as follows:
C.N. Sherpa
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
C.N. Sherpa
Director
28 November 2023
Iro Property Ltd Balance Sheet Registrar
at
28 February 2023
Company No.
13174749
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
576,295-
576,295-
Current assets
Debtors
697100
Cash at bank and in hand
1,703212,000
2,400212,100
Creditors: Amount falling due within one year
(580,251)
(212,000)
Net current (liabilities)/assets
(577,851)
100
Total assets less current liabilities
(1,556)
100
Net (liabilities)/assets
(1,556)
100
Capital and reserves
Called up share capital
100100
Profit and loss account
5
(1,656)
-
Total equity
(1,556)
100
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
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 responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 28 February 2023 in accordance with the Companies Act 2006.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 28 November 2023
And signed on its behalf by:
C.N. Sherpa
Director
28 November 2023
Iro Property Ltd Notes to the Accounts Registrar
for the year ended 28 February 2023
1
General information
Iro Property Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 13174749
Its registered office is:
3 Bramlands Close
London
SW11 2NR
The abridged accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006, including the provisions permitting an abridged profit and loss accountant balance sheet to be prepared.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Tangible fixed assets
Total
£
Cost or revaluation
Additions
576,295
At 28 February 2023
576,295
Depreciation
Net book values
At 28 February 2023
576,295
5
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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