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Registered number: 14827498














IRONSTONE HOUSE BECKENHAM LIMITED
UNAUDITED
 FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

 
IRONSTONE HOUSE BECKENHAM LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 4


 
IRONSTONE HOUSE BECKENHAM LIMITED
REGISTERED NUMBER:14827498

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Investment property
 4 
1,044,314

Current assets
  

Debtors: amounts falling due within one year
 5 
2,017

Cash at bank and in hand
  
3,491

Current liabilities
  
5,508

Creditors: amounts falling due within one year
 6 
(1,050,181)

Net current liabilities
  
 
 
(1,044,673)

Net liabilities
  
(359)


Capital and reserves
  

Called up share capital 
 7 
1

Profit and loss account
  
(360)

  
(359)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 September 2024.




J A Nagel
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
IRONSTONE HOUSE BECKENHAM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Ironstone House Beckenham Limited is a private limited liability company incorporated in England and Wales, with its registered office address at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD. 
The company incorporated on 25 April 2023 and commenced its principal activity of property investment on 16 October 2023.
The functional and presentation currency of the company is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises rents receivable, exclusive of Value Added Tax.
Rental income is recognised in the period in which it relates. Rental income received in advance is carried forward as deferred income.

 
2.3

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in Statement of Comprehensive Income.

 
2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs.

Page 2

 
IRONSTONE HOUSE BECKENHAM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees




The director was the only employee during the period.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
1,044,314



At 31 December 2023
1,044,314

In the opinion of the director the valuation of the long term leasehold investment property on an open market value for existing use basis was unchanged from cost at the Statement of Financial Position date.






5.


Debtors

2023
£

Trade debtors
2,011

Other debtors
6



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
2,368

Amounts owed to group undertakings
1,047,813

1,050,181



7.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1
Page 3

 
IRONSTONE HOUSE BECKENHAM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.Share capital (continued)



1 Ordinary share was allotted and fully paid at par to provide initial capital.


8.


Related party transactions

The company has taken advantage of the exemption available under FRS 102 section 33.1A from the requirement to disclose transactions with related parties that are wholly-owned within the group.


9.


Controlling party

The company is a wholly owned subsidiary of Ironstone UK Limited, a company registered in England & Wales, which the directors regard as the ultimate parent company.

 
Page 4