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REGISTERED NUMBER: 05006060 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2024

for

INVESTMENT PROPERTY MARKETING LTD

INVESTMENT PROPERTY MARKETING LTD (REGISTERED NUMBER: 05006060)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INVESTMENT PROPERTY MARKETING LTD

Company Information
for the Year Ended 31st January 2024







DIRECTORS: Mr M Hayes
Mrs M Hayes





SECRETARY: Mrs M Hayes





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 05006060 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

INVESTMENT PROPERTY MARKETING LTD (REGISTERED NUMBER: 05006060)

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 689 1,109

CURRENT ASSETS
Debtors 5 6,383 6,538
Cash at bank 225 932
6,608 7,470
CREDITORS
Amounts falling due within one year 6 174,217 147,779
NET CURRENT LIABILITIES (167,609 ) (140,309 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(166,920

)

(139,200

)

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings (166,930 ) (139,210 )
SHAREHOLDERS' FUNDS (166,920 ) (139,200 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th October 2024 and were signed on its behalf by:





Mr M Hayes - Director


INVESTMENT PROPERTY MARKETING LTD (REGISTERED NUMBER: 05006060)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Investment Property Marketing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


INVESTMENT PROPERTY MARKETING LTD (REGISTERED NUMBER: 05006060)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st February 2023
and 31st January 2024 2,533
DEPRECIATION
At 1st February 2023 1,424
Charge for year 420
At 31st January 2024 1,844
NET BOOK VALUE
At 31st January 2024 689
At 31st January 2023 1,109

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
VAT 6,383 6,538

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 48,613 32,931
Social security and other taxes 204 204
Directors' current accounts 124,650 113,894
Accrued expenses 750 750
174,217 147,779

INVESTMENT PROPERTY MARKETING LTD (REGISTERED NUMBER: 05006060)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
10 Share capital 1 £1 10 10

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £124,650 (2023: £113,894) to its directors. The loan has been introduced to support company expenditure until further income streams are received, and on that basis the directors consider the company to be a going concern. The loan has been provided interest free.

9. ULTIMATE CONTROLLING PARTY

Throughout the current year, Mr & Mrs M Hayes, both directors, have jointly controlled the company by virtue of holding 100% of the issued share capital.