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Company registration number: 11757807
Island Properties UK Ltd
Unaudited filleted financial statements
31 December 2023
Island Properties UK Ltd
Contents
Directors and other information
Accountant's report
Statement of financial position and notes to the financial statements
Island Properties UK Ltd
Directors and other information
Directors Mr D C Cassidy
Mr G L Guedes
Company number 11757807
Registered office 106 Station Lane
Scraptoft
Leicester
LE7 9UF
Business address 106 Station Lane
Scraptoft
Leicester
LE7 9UF
Accountant J Robins Accountants
First Floor
59-63 Wood Street
Earl Shilton
Leicestershire
LE9 7NE
Bankers Lloyds Bank plc
Butler Place
1 Legg Street
Essex
CM1 1JS
Island Properties UK Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Island Properties UK Ltd
Year ended 31 December 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2023 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
J Robins Accountants
Chartered Certified Accountants
First Floor
59-63 Wood Street
Earl Shilton
Leicestershire
LE9 7NE
28 February 2024
Island Properties UK Ltd
Statement of financial position
31 December 2023
2023 2022
£ £ £ £
Fixed assets 312,894 182,290
_______ _______
Current assets 9,380 5,373
Prepayments and accrued income 5,152 7,035
_______ _______
14,532 12,408
Creditors: amounts falling due within one year ( 53,958) ( 57,314)
_______ _______
Net current liabilities ( 39,426) ( 44,906)
_______ _______
Total assets less current liabilities 273,468 137,384
Creditors: amounts falling due after more than one year ( 242,835) ( 91,375)
Accruals and deferred income ( 1,920) ( 6,800)
_______ _______
Net assets 28,713 39,209
_______ _______
Capital and reserves 28,713 39,209
_______ _______
Notes to the financial statements
Island Properties UK Ltd
Year ended 31 December 2023
1. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr D C Cassidy ( 24,662) ( 500) ( 25,162)
Mr G L Guedes ( 24,662) ( 500) ( 25,162)
_______ _______ _______
( 49,324) ( 1,000) ( 50,324)
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr D C Cassidy ( 20,824) ( 3,838) ( 24,662)
Mr G L Guedes ( 20,824) ( 3,838) ( 24,662)
_______ _______ _______
( 41,648) ( 7,676) ( 49,324)
_______ _______ _______
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question 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 financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 28 February 2024 , and are signed on behalf of the board by:
Mr D C Cassidy
Director
Company registration number: 11757807
The company is a private company limited by shares, registered in England.