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REGISTERED NUMBER: 14680989 (England and Wales)















INVESTMENT PROPERTY ADVANTAGE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 22 FEBRUARY 2023 TO 28 FEBRUARY 2024






INVESTMENT PROPERTY ADVANTAGE LTD (REGISTERED NUMBER: 14680989)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 22 FEBRUARY 2023 TO 28 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Report of the Accountants 5

INVESTMENT PROPERTY ADVANTAGE LTD

COMPANY INFORMATION
FOR THE PERIOD 22 FEBRUARY 2023 TO 28 FEBRUARY 2024







DIRECTORS: Ms F Penfold
R Haines





SECRETARY:





REGISTERED OFFICE: Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL





REGISTERED NUMBER: 14680989 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

INVESTMENT PROPERTY ADVANTAGE LTD (REGISTERED NUMBER: 14680989)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2024

Notes £   
CURRENT ASSETS
Inventories 19,440
Debtors 4 15,908
Cash at bank 3,068
38,416
CREDITORS
Amounts falling due within one year 5 39,761
NET CURRENT LIABILITIES (1,345 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,345

)

CAPITAL AND RESERVES
Called up share capital 6 5,000
Retained earnings (6,345 )
SHAREHOLDERS' FUNDS (1,345 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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 26 September 2024 and were signed on its behalf by:





Ms F Penfold - Director


INVESTMENT PROPERTY ADVANTAGE LTD (REGISTERED NUMBER: 14680989)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 22 FEBRUARY 2023 TO 28 FEBRUARY 2024

1. STATUTORY INFORMATION

Investment Property Advantage 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 .

INVESTMENT PROPERTY ADVANTAGE LTD (REGISTERED NUMBER: 14680989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 22 FEBRUARY 2023 TO 28 FEBRUARY 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 4,364
Other debtors 11,544
15,908

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 5,590
Taxation and social security 25,166
Other creditors 9,005
39,761

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 5,000

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 28 February 2024:

£   
Ms F Penfold
Balance outstanding at start of period -
Amounts advanced 4,955
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 4,955

R Haines
Balance outstanding at start of period -
Amounts advanced 4,977
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 4,977

8. RELATED PARTY DISCLOSURES

During the year the company was loaned £8,235 by Arthur Rose Property Ltd, a company controlled by R Haines. At the year end £8,235 was outstanding.

9. GOING CONCERN

The directors have indicated that they will provide the financial resources to allow the company to continue in operational existence for the foreseeable future. The accounts have therefore been drawn up on a going concern basis.

INVESTMENT PROPERTY ADVANTAGE LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
INVESTMENT PROPERTY ADVANTAGE LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the period ended 28 February 2024 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


26 September 2024