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Company Registration No. 10184474 (England and Wales)
Iona Realty Limited Unaudited accounts for the year ended 31 May 2024
Iona Realty Limited Unaudited accounts Contents
Page
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Iona Realty Limited Company Information for the year ended 31 May 2024
Director
K Anderson
Company Number
10184474 (England and Wales)
Registered Office
11-17 FOWLER ROAD HAINAULT ILFORD ESSEX UNITED KINGDOM
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Iona Realty Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
783,154 
785,249 
Current assets
Cash at bank and in hand
50,739 
16,558 
Creditors: amounts falling due within one year
(800,917)
(806,512)
Net current liabilities
(750,178)
(789,954)
Net assets/(liabilities)
32,976 
(4,705)
Capital and reserves
Called up share capital
888 
888 
Profit and loss account
32,088 
(5,593)
Shareholders' funds
32,976 
(4,705)
For the year 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 12 July 2024 and were signed on its behalf by
K Anderson Director Company Registration No. 10184474
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Iona Realty Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Iona Realty Limited is a private company, limited by shares, registered in England and Wales, registration number 10184474. The registered office is 11-17 FOWLER ROAD, HAINAULT, ILFORD, ESSEX, 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 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.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
785,249 
Disposals
(2,095)
At 31 May 2024
783,154 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
8,839 
2,427 
Other creditors
234,407 
13,214 
Loans from directors
500,385 
733,585 
Accruals
57,286 
57,286 
800,917 
806,512 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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