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REGISTERED NUMBER: 11457777 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

IAM Property Limited

IAM Property Limited (Registered number: 11457777)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IAM Property Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: J Meade





REGISTERED OFFICE: 35 Taunton Road
Chadderton
Oldham
Greater Manchester
OL9 0BE





REGISTERED NUMBER: 11457777 (England and Wales)





ACCOUNTANTS: Michael Astin Accountancy Services
95 Tarnside Close
Rochdale
Greater Manchester
OL16 2QD

IAM Property Limited (Registered number: 11457777)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 191,000 191,000

CURRENT ASSETS
Cash at bank 4,109 4,109

CREDITORS
Amounts falling due within one year 5 68,262 68,262
NET CURRENT LIABILITIES (64,153 ) (64,153 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,847

126,847

CREDITORS
Amounts falling due after more than
one year

6

126,187

126,187
NET ASSETS 660 660

RESERVES
Retained earnings 660 660
SHAREHOLDERS' FUNDS 660 660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

IAM Property Limited (Registered number: 11457777)

Balance Sheet - continued
31 July 2023


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 17 April 2024 and were signed by:





J Meade - Director


IAM Property Limited (Registered number: 11457777)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

IAM Property 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.

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.

3. EMPLOYEES AND DIRECTORS

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

IAM Property Limited (Registered number: 11457777)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 August 2022
and 31 July 2023 191,000
NET BOOK VALUE
At 31 July 2023 191,000
At 31 July 2022 191,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts (see note 7)
10,105

10,105
Trade creditors (1 ) (1 )
Tax 155 155
Directors' current accounts 57,353 57,353
Accrued expenses 650 650
68,262 68,262

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans (see note 7) 126,187 126,187

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 126,187 126,187

7. LOANS

An analysis of the maturity of loans is given below:

31.7.23 31.7.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,105 10,105

Amounts falling due in more than five years:

IAM Property Limited (Registered number: 11457777)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. LOANS - continued
31.7.23 31.7.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 126,187 126,187