IDEAL (CHISLEHURST) PROPERTIES INVESTMENTS LIMITED
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Company registration number 09889938
Date
Approval date of the accounts by the board 31.07.2024
Date
Date of signing on the audit/accountants report 31.07.2024
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director E FitzGerald
Or, name of secretary
Name of director signing balance sheet E FitzGerald
Address of registered office:
Address line 1 12 Acorn Close
Address line 2
City or town Chislehurst
County or region Kent
Postcode BR7 6LD
Name of senior statutory auditor
Name of book keeper Teresa Coward
Type of firm (eg Book keeper) Book Keeper
Address of book keeper
Address line 1 South Leas Farm
Address line 2 Lower Road, Minster
City or town Sheerness
County or region Kent
Postcode ME12 3SW
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company "0 -
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
09889938
IDEAL (CHISLEHURST) PROPERTIES INVESTMENTS LIMITED
Filleted Accounts
30 November 2023
IDEAL (CHISLEHURST) PROPERTIES INVESTMENTS LIMITED
Registered number: 09889938
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Investments 2 330,200 330,200
Current assets
Debtors 3 20,000 70,000
Cash at bank and in hand 1,185 1,151
21,185 71,151
Creditors: amounts falling due within one year 4 (5,252) (5,015)
Net current assets 15,933 66,136
Total assets less current liabilities 346,133 396,336
Creditors: amounts falling due after more than one year 5 (341,405) (391,405)
Net assets 4,728 4,931
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,628 4,831
Shareholders' funds 4,728 4,931
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E FitzGerald
Director
Approved by the board on 31.07.2024
IDEAL (CHISLEHURST) PROPERTIES INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Investments
Other
investments
£
Cost
At 1 December 2022 330,200
At 30 November 2023 330,200
3 Debtors 2023 2022
£ £
Other debtors 20,000 70,000
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 752 515
Other creditors 4,500 4,500
5,252 5,015
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 197,400 247,400
Other creditors 144,005 144,005
341,405 391,405
6 Other information
IDEAL (CHISLEHURST) PROPERTIES INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
12 Acorn Close
Chislehurst
Kent
BR7 6LD
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