1 July 2023 false No description of principal activity Taxfiler 2024.6 SC735950business:PrivateLimitedCompanyLtd2023-07-012024-06-30 SC7359502023-06-30 SC7359502023-07-012024-06-30 SC735950business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 SC735950business:FilletedAccounts2023-07-012024-06-30 SC7359502024-06-30 SC735950business:Director12023-07-012024-06-30 SC735950business:RegisteredOffice2023-07-012024-06-30 SC7359502023-06-30 SC735950core:WithinOneYear2024-06-30 SC735950core:WithinOneYear2023-06-30 SC735950core:AfterOneYear2024-06-30 SC735950core:AfterOneYear2023-06-30 SC735950core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 SC735950core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 SC735950core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 SC735950core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC735950core:PreviouslyStatedAmount2024-06-30 SC735950core:PreviouslyStatedAmount2023-06-30 SC735950business:SmallEntities2023-07-012024-06-30 SC735950countries:Scotland2023-07-012024-06-30 SC735950core:AfterOneYear2023-07-012024-06-30 SC7359502022-06-192023-06-30 iso4217:GBP xbrli:pure
Company Registration No. SC735950 (Scotland)
INGA Property Limited Unaudited accounts for the year ended 30 June 2024
INGA Property Limited Unaudited accounts Contents
Page
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INGA Property Limited Company Information for the year ended 30 June 2024
Director
Christopher John Hardie
Company Number
SC735950 (Scotland)
Registered Office
8 Ashwood Drive Bridge Of Don Aberdeen AB22 8XE Scotland
Accountants
Granite Accountants (Aberdeen) Limited 2 Queens Road Aberdeen AB15 4ZT
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INGA Property Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
182,872 
128,506 
Current assets
Debtors
998 
1,173 
Cash at bank and in hand
3,004 
18,233 
4,002 
19,406 
Creditors: amounts falling due within one year
(103,381)
(92,289)
Net current liabilities
(99,379)
(72,883)
Total assets less current liabilities
83,493 
55,623 
Creditors: amounts falling due after more than one year
(132,488)
(83,738)
Net liabilities
(48,995)
(28,115)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(48,997)
(28,117)
Shareholders' funds
(48,995)
(28,115)
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 26 March 2025 and were signed on its behalf by
Christopher John Hardie Director Company Registration No. SC735950
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INGA Property Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
INGA Property Limited is a private company, limited by shares, registered in Scotland, registration number SC735950. The registered office is 8 Ashwood Drive, Bridge Of Don, Aberdeen, AB22 8XE, Scotland.
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 amounts receivable for rents and services net of VAT and trade discounts.
Investment property
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 July 2023
128,506 
Additions
54,366 
At 30 June 2024
182,872 
The properties are held at fair value, which in 2024, is based on the initial purchase price plus other directly attributable expenditure.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
998 
1,173 
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INGA Property Limited Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,897 
612 
Other creditors
260 
250 
Loans from directors
100,224 
90,381 
Accruals
1,000 
1,046 
103,381 
92,289 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
132,488 
83,738 
There are legal charges over the properties known as 22A Riverside Drive, Aberdeen, AB11 7DF and 41E Wallfield Crescent, Aberdeen, AB25 2LB.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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