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REGISTERED NUMBER: 10051533 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 6 APRIL 2023 TO 3 APRIL 2024

FOR

IGUANA PROPERTY DEVELOPMENTS LIMITED

IGUANA PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10051533)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 APRIL 2023 TO 3 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

IGUANA PROPERTY DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 6 APRIL 2023 TO 3 APRIL 2024







DIRECTORS: S Fafalios
P Fafalios





REGISTERED OFFICE: Russell House
140 High Street
Edgware
Middlesex
HA8 7LW





REGISTERED NUMBER: 10051533 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW

IGUANA PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10051533)

BALANCE SHEET
3 APRIL 2024

3.4.24 5.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 65 407

CURRENT ASSETS
Stocks 3,683,501 3,590,277
Debtors 5 4,070 5,566
Cash at bank and in hand 317,216 437,381
4,004,787 4,033,224
CREDITORS
Amounts falling due within one year 6 (168,145 ) (3,485,587 )
NET CURRENT ASSETS 3,836,642 547,637
TOTAL ASSETS LESS CURRENT LIABILITIES 3,836,707 548,044

CREDITORS
Amounts falling due after more than one
year

7

(4,261,265

)

(1,079,951

)
NET LIABILITIES (424,558 ) (531,907 )

CAPITAL AND RESERVES
Called up share capital 9 345 345
Retained earnings 10 (424,903 ) (532,252 )
SHAREHOLDERS' FUNDS (424,558 ) (531,907 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 3 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 3 April 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.

IGUANA PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10051533)

BALANCE SHEET - continued
3 APRIL 2024


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 17 January 2025 and were signed on its behalf by:





P Fafalios - Director


IGUANA PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10051533)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 APRIL 2023 TO 3 APRIL 2024


1. STATUTORY INFORMATION

Iguana Property Developments Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Stock
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

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.

Cash and cash equivalent
Cash and cash equivalent include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no state interest rate and receivable or payable within one year are recoded at transactions price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

IGUANA PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10051533)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 APRIL 2023 TO 3 APRIL 2024


2. ACCOUNTING POLICIES - continued

Interest Payable
Interest payable is charged to the profit and loss account on an accruals basis.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.

Impairment of financial assets
Financial assets, other than those held at fair value are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the Statement of Total Comprehensive Income.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest .

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 6 April 2023
and 3 April 2024 3,895
DEPRECIATION
At 6 April 2023 3,488
Charge for period 342
At 3 April 2024 3,830
NET BOOK VALUE
At 3 April 2024 65
At 5 April 2023 407

IGUANA PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10051533)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 APRIL 2023 TO 3 APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3.4.24 5.4.23
£    £   
Other debtors 4,070 5,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3.4.24 5.4.23
£    £   
Bank loans and overdrafts (see note 8) 13,332 12,877
Amounts owed to group undertakings 21,000 599,965
Other creditors 2,837 7,123
Directors' current accounts 120,000 2,856,701
Accrued expenses 2,520 2,400
Deferred Income 8,456 6,521
168,145 3,485,587

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
3.4.24 5.4.23
£    £   
Bank loans (see note 8) 1,066,642 1,079,951
Amounts owed to group undertakings 557,914 -
Directors' loan accounts 2,636,709 -
4,261,265 1,079,951

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 770,050 770,050

Repayable by instalments
Bank loans more 5 yr by instal 238,364 253,664

8. LOANS

An analysis of the maturity of loans is given below:

3.4.24 5.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 13,332 12,877

Amounts falling due between one and two years:
Bank loans - 1-2 years 13,805 13,333

IGUANA PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10051533)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 APRIL 2023 TO 3 APRIL 2024


8. LOANS - continued
3.4.24 5.4.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 44,423 42,904

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 770,050 770,050

Repayable by instalments
Bank loans more 5 yr by instal 238,364 253,664

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 3.4.24 5.4.23
value: £    £   
345 Ordinary £1 345 345

10. RESERVES
Retained
earnings
£   

At 6 April 2023 (532,252 )
Profit for the period 107,349
At 3 April 2024 (424,903 )

11. RELATED PARTY DISCLOSURES

During the year, the company repaid £99,992 back to the directors.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
IGUANA PROPERTY DEVELOPMENTS LIMITED


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 Balance Sheet. 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Iguana Property Developments Limited for the period ended 3 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Iguana Property Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Iguana Property Developments Limited and state those matters that we have agreed to state to the Board of Directors of Iguana Property Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Iguana Property Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Iguana Property Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Iguana Property Developments Limited. You consider that Iguana Property Developments Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Iguana Property Developments Limited. 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 financial statements.






MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW


17 January 2025