25 May 2023 false No description of principal activity Taxfiler 2024.5 14894727business:PrivateLimitedCompanyLtd2023-05-252024-05-31 148947272023-05-24 148947272023-05-252024-05-31 14894727business:AuditExemptWithAccountantsReport2023-05-252024-05-31 14894727business:FilletedAccounts2023-05-252024-05-31 148947272024-05-31 14894727business:Director12023-05-252024-05-31 14894727business:RegisteredOffice2023-05-252024-05-31 14894727core:WithinOneYear2024-05-31 14894727core:AfterOneYear2024-05-31 14894727core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 14894727core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 14894727core:PreviouslyStatedAmount2024-05-31 14894727business:SmallEntities2023-05-252024-05-31 14894727countries:EnglandWales2023-05-252024-05-31 14894727core:LandBuildings2023-05-252024-05-31 14894727core:LandBuildings2023-05-24 14894727core:LandBuildings2024-05-31 iso4217:GBP xbrli:pure
Company Registration No. 14894727 (England and Wales)
Inglis Property Solutions Ltd Unaudited accounts for the period from 25 May 2023 to 31 May 2024
Inglis Property Solutions Ltd Unaudited accounts Contents
Page
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Inglis Property Solutions Ltd Company Information for the period from 25 May 2023 to 31 May 2024
Director
Mr K Inglis
Company Number
14894727 (England and Wales)
Registered Office
2 Exeter Street Cottingham East Riding of Yorkshire HU16 4LU United Kingdom
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Inglis Property Solutions Ltd Statement of financial position as at 31 May 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
168,502 
Current assets
Cash at bank and in hand
5,876 
Creditors: amounts falling due within one year
(8,167)
Net current liabilities
(2,291)
Total assets less current liabilities
166,211 
Creditors: amounts falling due after more than one year
(166,200)
Net assets
11 
Capital and reserves
Called up share capital
100 
Profit and loss account
(89)
Shareholders' funds
11 
For the period ending 31 May 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 director acknowledges his 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 and authorised for issue on 21 August 2024 and were signed on its behalf by
Mr K Inglis Director Company Registration No. 14894727
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Inglis Property Solutions Ltd Notes to the Accounts for the period from 25 May 2023 to 31 May 2024
1
Statutory information
Inglis Property Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 14894727. The registered office is 2 Exeter Street, Cottingham, East Riding of Yorkshire, HU16 4LU, United Kingdom.
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 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0% @ Cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 25 May 2023
- 
Additions
168,502 
At 31 May 2024
168,502 
Depreciation
At 31 May 2024
- 
Net book value
At 31 May 2024
168,502 
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Inglis Property Solutions Ltd Notes to the Accounts for the period from 25 May 2023 to 31 May 2024
5
Creditors: amounts falling due within one year
2024 
£ 
Loans from directors
5,967 
Deferred income
2,200 
8,167 
6
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
112,200 
Other creditors
54,000 
166,200 
7
Transactions with related parties
As at 31/05/2024 Inglis Property Solutions Ltd owes Inglis Electrical Ltd £54000.00. This amount is interest free
8
Average number of employees
During the period the average number of employees was 1.
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