Company Registration No. 11927679 (England and Wales)
INTENSITY PROPERTIES LTD
Unaudited accounts
for the year ended 30 April 2024
INTENSITY PROPERTIES LTD
Unaudited accounts
Contents
INTENSITY PROPERTIES LTD
Company Information
for the year ended 30 April 2024
Director
Praful Nanji Amipara
Company Number
11927679 (England and Wales)
Registered Office
56 Christchurch Avenue
Harrow
HA3 8NL
England
Accountants
Equifin Accountancy Ltd
87 Kingshill drive
Harrow
Middlesex
HA3 8QQ
INTENSITY PROPERTIES LTD
Statement of financial position
as at 30 April 2024
Investment property
269,144
269,144
Cash at bank and in hand
3,187
42
Creditors: amounts falling due within one year
(26,307)
(27,316)
Net current liabilities
(23,120)
(27,274)
Total assets less current liabilities
246,024
241,870
Creditors: amounts falling due after more than one year
(235,938)
(233,113)
Called up share capital
100
100
Profit and loss account
9,986
8,657
Shareholders' funds
10,086
8,757
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 director acknowledges his 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 and authorised for issue on 10 January 2025 and were signed on its behalf by
Praful Nanji Amipara
Director
Company Registration No. 11927679
INTENSITY PROPERTIES LTD
Notes to the Accounts
for the year ended 30 April 2024
INTENSITY PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 11927679. The registered office is 56 Christchurch Avenue, Harrow, HA3 8NL, 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 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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Fair value at 1 May 2023
269,144
Director consider no change in the value of the investment property for the year under review.
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
20,931
23,324
Amounts owed to group undertakings and other participating interests
3,000
-
Taxes and social security
1,596
1,392
Amounts owed to group undertakings and other participating interests includes payable to Herman Retail Ltd £3,000 (2023 : £Nil). Intensity Retail Ltd and Harman Retail Ltd and Intensity Properties Ltd are related parties by virtue of common director.
INTENSITY PROPERTIES LTD
Notes to the Accounts
for the year ended 30 April 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
155,458
168,132
Amounts owed to group undertakings and other participating interests
27,152
27,152
Loans from directors
53,328
37,829
Amounts owed to group undertakings and other participating interests includes £27,152 (2023 : £27,152) payable to Intensity Retail Ltd.
Bank loan includes unsecured BBL £26,743 (2023 : £32,652) payable in 5 years, secured loan from Lloyds Bank £149,646 (2023 : £135,480).
Lloyds bank loan is secured against the investment property.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).