Company Registration No. 11831602 (England and Wales)
Indoors Property Limited
Unaudited accounts
for the year ended 29 February 2024
Indoors Property Limited
Unaudited accounts
Contents
Indoors Property Limited
Company Information
for the year ended 29 February 2024
Director
Mr Ryan Ashley Walker
Company Number
11831602 (England and Wales)
Registered Office
134 Shalford Road
Solihull
B92 7NG
Accountants
SJK
8 Bridge Road
Moira
Co. Armagh
BT67 0PF
Indoors Property Limited
Statement of financial position
as at 29 February 2024
Tangible assets
1,147
1,399
Investment property
283,965
158,643
Cash at bank and in hand
6,551
4,611
Creditors: amounts falling due within one year
(884)
(1,487)
Net current assets
5,667
3,474
Total assets less current liabilities
290,779
163,516
Creditors: amounts falling due after more than one year
(270,630)
(162,934)
Called up share capital
1
1
Profit and loss account
20,148
581
Shareholders' funds
20,149
582
For the year ending 29 February 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 29 August 2024 and were signed on its behalf by
Mr Ryan Ashley Walker
Director
Company Registration No. 11831602
Indoors Property Limited
Notes to the Accounts
for the year ended 29 February 2024
Indoors Property Limited is a private company, limited by shares, registered in England and Wales, registration number 11831602. The registered office is 134 Shalford Road, Solihull, B92 7NG.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
18% reducing balance
4
Tangible fixed assets
Computer equipment
Fair value at 1 March 2023
158,643
Net gain from fair value adjustments
17,500
At 29 February 2024
283,965
The directors consider that the above value of investment property represents the market value at 29 February 2024.
Indoors Property Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Accrued income and prepayments
-
350
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
116
-
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
224,436
116,712
Loans from directors
46,194
46,222
Securities for the bank facilities are as follows:
- Paragon mortgage over the property 12 foxlydiate crescent, redditch
The company owes £46,194 (2023: £46,222) to the directors at year end. These loans are repayable on demand and non-interest bearing.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).