1 June 2023 false No description of principal activity Taxfiler 2024.6 13379650business:PrivateLimitedCompanyLtd2023-06-012024-05-31 133796502023-05-31 133796502023-06-012024-05-31 13379650business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 13379650business:FilletedAccounts2023-06-012024-05-31 133796502024-05-31 13379650business:Director12023-06-012024-05-31 13379650business:Director22023-06-012024-05-31 13379650business:RegisteredOffice2023-06-012024-05-31 133796502023-05-31 13379650core:WithinOneYear2024-05-31 13379650core:WithinOneYear2023-05-31 13379650core:AfterOneYear2024-05-31 13379650core:AfterOneYear2023-05-31 13379650core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 13379650core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 13379650core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 13379650core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 13379650core:PreviouslyStatedAmount2024-05-31 13379650core:PreviouslyStatedAmount2023-05-31 13379650business:SmallEntities2023-06-012024-05-31 13379650countries:EnglandWales2023-06-012024-05-31 13379650core:LandBuildings2023-06-012024-05-31 13379650core:PlantMachinery2023-06-012024-05-31 13379650core:MotorVehicles2023-06-012024-05-31 13379650core:FurnitureFittings2023-06-012024-05-31 13379650core:ComputerEquipment2023-06-012024-05-31 13379650core:OtherPropertyPlantEquipment2023-06-012024-05-31 13379650core:LandBuildings2023-05-31 13379650core:LandBuildings2024-05-31 133796502022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 13379650 (England and Wales)
Iqbal Lettings Ltd Unaudited accounts for the year ended 31 May 2024
Iqbal Lettings Ltd Unaudited accounts Contents
Page
- 2 -
Iqbal Lettings Ltd Company Information for the year ended 31 May 2024
Directors
Jaleel Iqbal Faisal Iqbal
Company Number
13379650 (England and Wales)
Registered Office
17 Denzil Avenue Southampton Hampshire SO14 0LP England
Accountants
Rapid Accountants Ltd 348 Portswood Road, southampton England SO17 3SB
- 3 -
Iqbal Lettings Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
235,750 
235,750 
Current assets
Cash at bank and in hand
95,958 
92,801 
Creditors: amounts falling due within one year
(158,298)
(158,298)
Net current liabilities
(62,340)
(65,497)
Total assets less current liabilities
173,410 
170,253 
Creditors: amounts falling due after more than one year
(170,126)
(169,642)
Net assets
3,284 
611 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
3,282 
609 
Shareholders' funds
3,284 
611 
For the year ending 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 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 19 February 2025 and were signed on its behalf by
Jaleel Iqbal Director Company Registration No. 13379650
- 4 -
Iqbal Lettings Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Iqbal Lettings Ltd is a private company, limited by shares, registered in England and Wales, registration number 13379650. The registered office is 17 Denzil Avenue, Southampton, Hampshire, SO14 0LP, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Land & buildings
10%
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
Other tangible fixed assets
20%
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 June 2023
235,750 
At 31 May 2024
235,750 
Depreciation
At 31 May 2024
- 
Net book value
At 31 May 2024
235,750 
At 31 May 2023
235,750 
- 5 -
Iqbal Lettings Ltd Notes to the Accounts for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
1,300 
1,300 
Loans from directors
156,998 
156,998 
158,298 
158,298 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
169,500 
169,500 
Taxes and social security
626 
142 
170,126 
169,642 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -