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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
Page
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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
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Indoors Property Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,147 
1,399 
Investment property
283,965 
158,643 
285,112 
160,042 
Current assets
Debtors
- 
350 
Cash at bank and in hand
6,551 
4,611 
6,551 
4,961 
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)
Net assets
20,149 
582 
Capital and reserves
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
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Indoors Property Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
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 
£ 
Cost or valuation
At cost 
At 1 March 2023
1,399 
At 29 February 2024
1,399 
Depreciation
Charge for the year
252 
At 29 February 2024
252 
Net book value
At 29 February 2024
1,147 
At 28 February 2023
1,399 
5
Investment property
2024 
£ 
Fair value at 1 March 2023
158,643 
Additions
107,822 
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.
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Indoors Property Limited Notes to the Accounts for the year ended 29 February 2024
6
Debtors
2024 
2023 
£ 
£ 
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 
- 
Other creditors
- 
839 
Accruals
768 
648 
884 
1,487 
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 
270,630 
162,934 
Securities for the bank facilities are as follows: - Paragon mortgage over the property 12 foxlydiate crescent, redditch
9
Loans to directors
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).
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