2023-06-01 12004129 2024-05-31 12004129 2023-06-01 2024-05-31 12004129 2023-05-31 12004129 2022-06-01 2023-05-31 12004129 uk-core:WithinOneYear 2023-05-31 12004129 uk-core:WithinOneYear 2024-05-31 12004129 uk-core:AfterOneYear 2023-05-31 12004129 uk-core:AfterOneYear 2024-05-31 12004129 uk-core:ShareCapital 2024-05-31 12004129 uk-core:ShareCapital 2023-05-31 12004129 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 12004129 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 12004129 uk-bus:Director1 2023-06-01 2024-05-31 12004129 uk-core:AfterOneYear uk-core:Secured 2024-05-31 12004129 uk-core:AfterOneYear uk-core:Secured 2023-05-31 iso4217:GBP xbrli:pure 12004129 uk-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 12004129 uk-bus:FRS102 2023-06-01 2024-05-31 12004129 uk-bus:FilletedAccounts 2023-06-01 2024-05-31 12004129 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
Innovation Property Management Limited
Registered Number:12004129
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
Innovation Property Management Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12004129
As at 31 May 2024
Innovation Property Management Limited
Statement of Financial Position
£
£
2023
2024
Notes
Current assets
Trade and other receivables
95,652
111,914
2
167
Cash and cash equivalents
112
112,026
95,819
Trade and other payables: amounts falling due within one
year
(3,035)
(33,485)
3
92,784
78,541
Net current assets
Total assets less current liabilities
78,541
92,784
Trade and other payables: amounts falling due after more
than one year
(99,136)
(84,151)
4
(5,610)
Net liabilities
(6,352)
Capital and reserves
Called up share capital
100
100
Retained earnings
(5,710)
(6,452)
(5,610)
(6,352)
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Perry Stephen Sando Director
These financial statements were approved and authorised for issue by the Board on 20 August 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 May 2024
Innovation Property Management Limited
Notes to the Financial Statements
Statutory Information
Innovation Property Management Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 12004129.
Registered address:
29 Stewart Place
Station Road
Ware
Hertfordshire
SG12 9UN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2. Trade and other receivables
2023
2024
£
£
Other debtors
111,914
95,652
The debtors above include the following amounts falling due after more than one year:
Other debtors
111,914
95,652
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
220
220
Other creditors
33,265
2,815
33,485
3,035
2 of 3
5
For the year ended 31 May 2024
Innovation Property Management Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
43,341
49,586
Other creditors
40,810
49,550
84,151
99,136
5. Average number of persons employed
During the year the average number of employees was 0
3 of 3