1 July 2023 false No description of principal activity Taxfiler 2024.6 07279728business:PrivateLimitedCompanyLtd2023-07-012024-06-30 072797282023-06-30 072797282023-07-012024-06-30 07279728business:AuditExemptWithAccountantsReport2023-07-012024-06-30 07279728business:FilletedAccounts2023-07-012024-06-30 072797282024-06-30 07279728business:Director12023-07-012024-06-30 07279728business:RegisteredOffice2023-07-012024-06-30 072797282023-06-30 07279728core:WithinOneYear2024-06-30 07279728core:WithinOneYear2023-06-30 07279728core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 07279728core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 07279728core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 07279728core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 07279728core:PreviouslyStatedAmount2024-06-30 07279728core:PreviouslyStatedAmount2023-06-30 07279728business:SmallEntities2023-07-012024-06-30 07279728countries:EnglandWales2023-07-012024-06-30 07279728core:PlantMachinery2023-07-012024-06-30 07279728core:ComputerEquipment2023-07-012024-06-30 07279728core:PlantMachinery2023-06-30 07279728core:MotorVehicles2023-06-30 07279728core:ComputerEquipment2023-06-30 07279728core:MotorVehicles2023-07-012024-06-30 07279728core:PlantMachinery2024-06-30 07279728core:MotorVehicles2024-06-30 07279728core:ComputerEquipment2024-06-30 07279728business:OrdinaryShareClass12023-07-012024-06-30 07279728business:OrdinaryShareClass12022-07-012023-06-30 072797282022-07-012023-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07279728 (England and Wales)
I.J. ONEILL (PROPERTY) LTD Unaudited accounts for the year ended 30 June 2024
I.J. ONEILL (PROPERTY) LTD Unaudited accounts Contents
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I.J. ONEILL (PROPERTY) LTD Company Information for the year ended 30 June 2024
Director
Mr I O'Neill
Company Number
07279728 (England and Wales)
Registered Office
137 VICTORIA ROAD DARTMOUTH TQ6 9DY ENGLAND
Accountants
The Practice - Chartered Management Accountants 2 New Street Ledbury Herefordshire HR8 2DX
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I.J. ONEILL (PROPERTY) LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
(20)
11,230 
Current assets
Debtors
- 
112 
Cash at bank and in hand
113,507 
121,189 
113,507 
121,301 
Creditors: amounts falling due within one year
(2,630)
(22,648)
Net current assets
110,877 
98,653 
Net assets
110,857 
109,883 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
110,856 
109,882 
Shareholders' funds
110,857 
109,883 
For the year ending 30 June 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 6 March 2025 and were signed on its behalf by
Mr I O'Neill Director Company Registration No. 07279728
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I.J. ONEILL (PROPERTY) LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
I.J. ONEILL (PROPERTY) LTD is a private company, limited by shares, registered in England and Wales, registration number 07279728. The registered office is 137 VICTORIA ROAD, DARTMOUTH, TQ6 9DY, 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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Investment properties
Certain of the company's properties are held for long-term investment. Investment properties are accounted forin accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified. Financial instruments Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
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:
Plant & machinery
25% - Straight LIne
Computer equipment
25% Reducing Balance
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I.J. ONEILL (PROPERTY) LTD Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
249 
14,640 
967 
15,856 
Disposals
- 
(15,000)
- 
(15,000)
At 30 June 2024
249 
(360)
967 
856 
Depreciation
At 1 July 2023
215 
3,750 
661 
4,626 
On disposals
- 
(3,750)
- 
(3,750)
At 30 June 2024
215 
- 
661 
876 
Net book value
At 30 June 2024
34 
(360)
306 
(20)
At 30 June 2023
34 
10,890 
306 
11,230 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
112 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,009 
8,505 
Loans from directors
1,170 
13,692 
Accruals
451 
451 
2,630 
22,648 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Transactions with related parties
During the year the company made the following related party transactions: Loan from director 0% interest with no set repayment date I.J. O'Neill £1,170 (2023 £13,692)
9
Controlling party
The company is controlled by the director who owns 100% of the called up share capital.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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