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Company Registration No. 11129209 (England and Wales)
IBTT Properties Ltd Unaudited accounts for the year ended 31 January 2024
IBTT Properties Ltd Unaudited accounts Contents
Page
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IBTT Properties Ltd Company Information for the year ended 31 January 2024
Director
Mr Israr Ul Haq Butt
Company Number
11129209 (England and Wales)
Registered Office
2 HAZELTON CLOSE SHIPLEY BD18 1QJ UNITED KINGDOM
Accountants
Raja & Hussain Associates 21 Duckworth Lane Bradford West Yorkshire BD9 5ER
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IBTT Properties Ltd Accountants' report
Accountants' report to the director of IBTT Properties Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of IBTT Properties Ltd for the year ended 31 January 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of IBTT Properties Ltd, as a body, in accordance with the terms of our engagement letter dated 1 September 2019. Our work has been undertaken solely to prepare for your approval the accounts of IBTT Properties Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IBTT Properties Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that IBTT Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of IBTT Properties Ltd. You consider that IBTT Properties Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of IBTT Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Raja & Hussain Associates 21 Duckworth Lane Bradford West Yorkshire BD9 5ER 29 October 2024
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IBTT Properties Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
318,734 
318,734 
Current assets
Cash at bank and in hand
8,482 
11,436 
Creditors: amounts falling due within one year
(23,394)
(28,240)
Net current liabilities
(14,912)
(16,804)
Total assets less current liabilities
303,822 
301,930 
Creditors: amounts falling due after more than one year
(280,058)
(283,690)
Net assets
23,764 
18,240 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
23,664 
18,140 
Shareholders' funds
23,764 
18,240 
For the year ending 31 January 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 October 2024 and were signed on its behalf by
Mr Israr Ul Haq Butt Director Company Registration No. 11129209
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IBTT Properties Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
IBTT Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11129209. The registered office is 2 HAZELTON CLOSE, SHIPLEY, BD18 1QJ, 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.
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:
Land & buildings
0
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2023
318,734 
At 31 January 2024
318,734 
Depreciation
At 31 January 2024
- 
Net book value
At 31 January 2024
318,734 
At 31 January 2023
318,734 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
775 
765 
Taxes and social security
1,297 
985 
Loans from directors
21,322 
26,490 
23,394 
28,240 
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IBTT Properties Ltd Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
280,058 
283,690 
Bank Loan Property Security
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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