2023-02-012024-01-312024-01-31false13121847INVOLVED PROPERTY INVESTMENTS 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INVOLVED PROPERTY INVESTMENTS LTD

Registered Number
13121847
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

INVOLVED PROPERTY INVESTMENTS LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

SPOONER, Tomas

Registered Address

58 Brithwen Road
Waunarlwydd
Swansea
SA5 4QT

Registered Number

13121847 (England and Wales)
INVOLVED PROPERTY INVESTMENTS LTD
Statement of Financial Position
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property3105,561105,561
105,561105,561
Current assets
Cash at bank and on hand3333,318
3333,318
Creditors amounts falling due within one year4(77,336)(60,408)
Net current assets (liabilities)(77,003)(57,090)
Total assets less current liabilities28,55848,471
Creditors amounts falling due after one year5(76,194)(76,159)
Net assets(47,636)(27,688)
Capital and reserves
Called up share capital100100
Profit and loss account(47,736)(27,788)
Shareholders' funds(47,636)(27,688)
The financial statements were approved and authorised for issue by the Director on 18 October 2024, and are signed on its behalf by:
SPOONER, Tomas
Director
Registered Company No. 13121847
INVOLVED PROPERTY INVESTMENTS LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The company continues to adopt a going concern basis in preparing its financial statements
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year00
3.Investment property

£
Fair value at 01 February 23105,561
At 31 January 24105,561
4.Creditors: amounts due within one year

2024

2023

££
Other creditors76,73659,808
Accrued liabilities and deferred income600600
Total77,33660,408
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.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts76,19476,159
Total76,19476,159
6.Secured creditors
The company has loans secured over a fixed charge with a negative pledge over all the property known as, 61 mount pleasant, Swansea SA1 6EQ.