Company Registration No. 11380316 (England and Wales)
INTEGRITAS PROPERTIES LTD
Unaudited accounts
for the year ended 31 May 2024
INTEGRITAS PROPERTIES LTD
Unaudited accounts
Contents
INTEGRITAS PROPERTIES LTD
Company Information
for the year ended 31 May 2024
Directors
Grace N TIikun
David Lai
Company Number
11380316 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
LONDON
WC2H 9JQ
UNITED KINGDOM
INTEGRITAS PROPERTIES LTD
Statement of financial position
as at 31 May 2024
Investment property
1,762,501
1,742,501
Cash at bank and in hand
95,485
284
Creditors: amounts falling due within one year
(371,517)
(418,182)
Net current assets/(liabilities)
413,968
(205,896)
Total assets less current liabilities
2,176,471
1,536,605
Creditors: amounts falling due after more than one year
(2,083,741)
(1,448,509)
Called up share capital
100
100
Revaluation reserve
326,959
306,959
Profit and loss account
(234,329)
(218,963)
Shareholders' funds
92,730
88,096
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 26 February 2025 and were signed on its behalf by
Grace N TIikun
Director
Company Registration No. 11380316
INTEGRITAS PROPERTIES LTD
Notes to the Accounts
for the year ended 31 May 2024
INTEGRITAS PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 11380316. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, UNITED KINGDOM.
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 certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 June 2023
1,742,501
Investment property comprises property held to earn rent and/or for capital appreciation. The fair value of the investment property has been arrived at on the basis of valuations carried out by the directors of the company.
The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
5
Investments
Other investments
Valuation at 1 June 2023
-
Valuation at 31 May 2024
2
INTEGRITAS PROPERTIES LTD
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
690,000
50,001
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
89,474
61,857
Loans from directors
281,193
355,475
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
2,083,741
1,448,509
The bank loans are secured on the Company's investment properties.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).