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REGISTERED NUMBER: 12690623 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2023

for

INSTINCTIVE PROPERTIES LIMITED

INSTINCTIVE PROPERTIES LIMITED (Registered number: 12690623)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


INSTINCTIVE PROPERTIES LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: R S Bansal
Miss H Kaur Bansal
R S Bansal





SECRETARY:





REGISTERED OFFICE: 61b Caroline Street
Birmingham
West Midlands
B3 1UF





REGISTERED NUMBER: 12690623 (England and Wales)





ACCOUNTANTS: Skeh Accountants Limited
61B
Caroline Street
The Jewellery Quarter
Birmingham
West Midlands
B3 1UF

INSTINCTIVE PROPERTIES LIMITED (Registered number: 12690623)

Report of the Directors
for the Year Ended 30 June 2023

The directors present their report with the financial statements of the company for the year ended 30 June 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Open investment and property let

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2022 to the date of this report.

R S Bansal
Miss H Kaur Bansal
R S Bansal

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R S Bansal - Director


9 March 2024

INSTINCTIVE PROPERTIES LIMITED (Registered number: 12690623)

Income Statement
for the Year Ended 30 June 2023

30.6.23 30.6.22
£    £   

TURNOVER 6,350 8,900

Administrative expenses 3,595 4,275
OPERATING PROFIT 2,755 4,625


Interest payable and similar expenses 3,178 2,851
(LOSS)/PROFIT BEFORE
TAXATION

(423

)

1,774

Tax on (loss)/profit - 359
(LOSS)/PROFIT FOR THE
FINANCIAL YEAR

(423

)

1,415

INSTINCTIVE PROPERTIES LIMITED (Registered number: 12690623)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,805 120,805

CURRENT ASSETS
Debtors 5 750 -
Cash at bank - 768
750 768
CREDITORS
Amounts falling due within one year 6 1,414 1,109
NET CURRENT LIABILITIES (664 ) (341 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,141

120,464

CREDITORS
Amounts falling due after more than
one year

7

130,045

129,945
NET LIABILITIES (9,904 ) (9,481 )

RESERVES
Retained earnings (9,904 ) (9,481 )
(9,904 ) (9,481 )

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

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

The directors acknowledge their 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.

INSTINCTIVE PROPERTIES LIMITED (Registered number: 12690623)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 9 March 2024 and were signed on its behalf by:




R S Bansal - Director



Miss H Kaur Bansal - Director


INSTINCTIVE PROPERTIES LIMITED (Registered number: 12690623)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

INSTINCTIVE PROPERTIES LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

INSTINCTIVE PROPERTIES LIMITED (Registered number: 12690623)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 July 2022
and 30 June 2023 120,805
NET BOOK VALUE
At 30 June 2023 120,805
At 30 June 2022 120,805

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.23 30.6.22
£    £   
Trade debtors 750 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 305 -
Taxation and social security 359 359
Other creditors 750 750
1,414 1,109

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 90,805 90,805
Other creditors 39,240 39,140
130,045 129,945

INSTINCTIVE PROPERTIES LIMITED (Registered number: 12690623)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - conti
30.6.23 30.6.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 90,805 90,805