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Company Registration No. 04637228 (England and Wales)
Irongate Point Limited Unaudited accounts for the year ended 31 March 2024
Irongate Point Limited Unaudited accounts Contents
Page
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Irongate Point Limited Company Information for the year ended 31 March 2024
Directors
David Howard Turner James Richard Wedge
Secretary
David Turner
Company Number
04637228 (England and Wales)
Registered Office
Unit 11 Worton Court Worton Hall Industrial Estate Worton Road, Isleworth Middlesex TW7 6ER
Accountants
CP Finance Unit 11, Worton Court Worton Hall Ind Estate Worton Road Isleworth Middlesex TW7 6ER
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Irongate Point Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
557,000 
557,000 
Current assets
Debtors
28,972 
28,945 
Cash at bank and in hand
76 
2,063 
29,048 
31,008 
Creditors: amounts falling due within one year
(200)
(324)
Net current assets
28,848 
30,684 
Total assets less current liabilities
585,848 
587,684 
Provisions for liabilities
Deferred tax
(14,560)
(14,560)
Net assets
571,288 
573,124 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
375,858 
375,858 
Profit and loss account
195,330 
197,166 
Shareholders' funds
571,288 
573,124 
For the year ending 31 March 2024 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2024 and were signed on its behalf by
David Howard Turner Director Company Registration No. 04637228
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Irongate Point Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Irongate Point Limited is a private company, limited by shares, registered in England and Wales, registration number 04637228. The registered office is Unit 11 Worton Court, Worton Hall Industrial Estate, Worton Road, Isleworth, Middlesex, TW7 6ER.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
557,000 
At 31 March 2024
557,000 
The property was valued on 16 September 2020 by Maunder Taylor, 1320 High Road, London, which resulted in a revaluation increase of £69,200 which was taken to the revaluation reserve.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
337 
186 
Amounts due from group undertakings etc.
28,635 
28,759 
28,972 
28,945 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
124 
Accruals
200 
200 
200 
324 
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Irongate Point Limited Notes to the Accounts for the year ended 31 March 2024
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Controlling party
The ultimate holding company is Wedge Investments Ltd.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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