Company Registration No. 09145091 (England and Wales)
I4R ltd
Unaudited accounts
for the year ended 30 April 2024
I4R ltd
Unaudited accounts
Contents
I4R ltd
Company Information
for the year ended 30 April 2024
Directors
Arron Franklin
Arron Franklin
Company Number
09145091 (England and Wales)
Registered Office
BROOKSIDE TILFORD ROAD
CHURT
FARNHAM
GU10 2LH
ENGLAND
I4R ltd
Statement of financial position
as at 30 April 2024
Investment property
3,505,000
3,495,000
Investments
1,992,314
1,905,772
Cash at bank and in hand
134,015
211,627
Creditors: amounts falling due within one year
(4,031,760)
(4,030,938)
Net current liabilities
(3,897,745)
(3,819,311)
Total assets less current liabilities
1,602,923
1,581,461
Provisions for liabilities
Deferred tax
(60,048)
(92,453)
Net assets
1,542,875
1,489,008
Called up share capital
100
100
Profit and loss account
1,542,775
1,488,908
Shareholders' funds
1,542,875
1,489,008
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 25 June 2024 and were signed on its behalf by
Arron Franklin
Director
Company Registration No. 09145091
I4R ltd
Notes to the Accounts
for the year ended 30 April 2024
I4R ltd is a private company, limited by shares, registered in England and Wales, registration number 09145091. The registered office is BROOKSIDE TILFORD ROAD, CHURT, FARNHAM, GU10 2LH, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of Investment properties and Listed investments.
Turnover represents the value of rents received or receivable from Investment Properties.
The accounts are presented in £ sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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:
Motor Vehicles 33%
I4R ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles
Fair value at 1 May 2023
3,495,000
Net gain from fair value adjustments
10,000
At 30 April 2024
3,505,000
Investment Properties are stated at fair value, using the director's best estimate of the value of each property at the Balance Sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.
6
Investments
Other investments
Valuation at 1 May 2023
1,905,772
Fair value adjustments
(148,522)
Valuation at 30 April 2024
1,992,314
Listed investments are shown at fair value at the year end. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
11,602
11,388
Other creditors
4,006,963
4,007,213
Loans from directors
1,381
584
8
Transactions with related parties
Included under "Other creditors" is an amount of £3,995,562 (2023: £3,995,562) due to a company related by common ownership. The loan is interest free and is repayable on demand.
I4R ltd
Notes to the Accounts
for the year ended 30 April 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 0).