IRIS Accounts Production v24.3.2.46 06928280 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069282802023-06-30069282802024-06-30069282802023-07-012024-06-30069282802022-06-30069282802022-07-012023-06-30069282802023-06-3006928280ns14:PoundSterling2023-07-012024-06-3006928280ns10:Director12023-07-012024-06-3006928280ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3006928280ns10:SmallEntities2023-07-012024-06-3006928280ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3006928280ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3006928280ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3006928280ns10:FullAccounts2023-07-012024-06-300692828012023-07-012024-06-3006928280ns10:Director22023-07-012024-06-3006928280ns10:RegisteredOffice2023-07-012024-06-3006928280ns5:CurrentFinancialInstruments2024-06-3006928280ns5:CurrentFinancialInstruments2023-06-3006928280ns5:ShareCapital2024-06-3006928280ns5:ShareCapital2023-06-3006928280ns5:RetainedEarningsAccumulatedLosses2024-06-3006928280ns5:RetainedEarningsAccumulatedLosses2023-06-3006928280ns5:NetGoodwill2023-07-012024-06-3006928280ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3006928280ns5:ComputerSoftware2023-07-012024-06-3006928280ns5:PlantMachinery2023-07-012024-06-3006928280ns5:MotorVehicles2023-07-012024-06-3006928280ns5:NetGoodwill2023-06-3006928280ns5:ComputerSoftware2023-06-3006928280ns5:NetGoodwill2024-06-3006928280ns5:ComputerSoftware2024-06-3006928280ns5:NetGoodwill2023-06-3006928280ns5:ComputerSoftware2023-06-3006928280ns5:PlantMachinery2023-06-3006928280ns5:MotorVehicles2023-06-3006928280ns5:PlantMachinery2024-06-3006928280ns5:MotorVehicles2024-06-3006928280ns5:PlantMachinery2023-06-3006928280ns5:MotorVehicles2023-06-3006928280ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3006928280ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30069282801ns10:Director12023-06-30069282801ns10:Director12022-06-30069282801ns10:Director12023-07-012024-06-30069282801ns10:Director12022-07-012023-06-30069282801ns10:Director12024-06-30069282801ns10:Director12023-06-30
REGISTERED NUMBER: 06928280















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Ivy Lettings Limited

Ivy Lettings Limited (Registered number: 06928280)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ivy Lettings Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr Guy John Van Der Westhuizen
Mrs Mary Elizabeth Van Der Westhuizen





REGISTERED OFFICE: Worlds End Studios, 132-134 Lots Road
London
SW10 0RJ





REGISTERED NUMBER: 06928280





ACCOUNTANTS: Inca Accountants Ltd
Chartered Certified Accountants
Central Office
Cobweb Buildings
The Lane, Lyford
Nr Wantage
Oxfordshire
OX12 0EE

Ivy Lettings Limited (Registered number: 06928280)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 66,493 54,525
66,493 54,525

CURRENT ASSETS
Debtors 6 1,746,652 605,474
Cash at bank 47,151 1,145,784
1,793,803 1,751,258
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

7

(1,384,178

)

(1,056,899

)
NET CURRENT ASSETS 409,625 694,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

476,118

748,884

ACCRUALS AND DEFERRED INCOME (476,059 ) (435,573 )
NET ASSETS 59 313,311

Ivy Lettings Limited (Registered number: 06928280)

Balance Sheet - continued
30 June 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 48 313,300
59 313,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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.

Approved and authorised by the Board of Directors and authorised for issue on 5 July 2024 and were signed on its behalf by:





Mr Guy John Van Der Westhuizen - Director


Ivy Lettings Limited (Registered number: 06928280)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Ivy Lettings Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost and 20% on reducing balance

Taxation
Taxation for the year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Ivy Lettings Limited (Registered number: 06928280)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 10,000 36,557 46,557
AMORTISATION
At 1 July 2023
and 30 June 2024 10,000 36,557 46,557
NET BOOK VALUE
At 30 June 2024 - - -
At 30 June 2023 - - -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 28,562 59,999 88,561
Additions 1,082 76,695 77,777
Disposals - (59,999 ) (59,999 )
At 30 June 2024 29,644 76,695 106,339
DEPRECIATION
At 1 July 2023 22,036 12,000 34,036
Charge for year 2,471 15,339 17,810
Eliminated on disposal - (12,000 ) (12,000 )
At 30 June 2024 24,507 15,339 39,846
NET BOOK VALUE
At 30 June 2024 5,137 61,356 66,493
At 30 June 2023 6,526 47,999 54,525

Ivy Lettings Limited (Registered number: 06928280)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 985,645 588,396
Other debtors 761,007 17,078
1,746,652 605,474

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,080,858 747,900
Taxation and social security 255,980 230,804
Other creditors 47,340 78,195
1,384,178 1,056,899

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr Guy John Van Der Westhuizen
Balance outstanding at start of year - -
Amounts advanced 742,750 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 742,750 -