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Registered Number: 15021337
England and Wales

 

 

 

IAB PROPERTY MANAGEMENT LTD


Abridged Accounts
 


Period of accounts

Start date: 23 July 2023

End date: 31 July 2024
Report to the directors on the preparation of the unaudited statutory accounts of IAB PROPERTY MANAGEMENT LTD for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of IAB PROPERTY MANAGEMENT LTD for the year ended 31 July 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of IAB PROPERTY MANAGEMENT LTD, as a body, in accordance with the terms of our engagement letter dated 08 April 2025 . Our work has been undertaken solely to prepare for your approval the accounts of IAB PROPERTY MANAGEMENT LTD and state those matters that we have agreed to state to the Board of Directors of IAB PROPERTY MANAGEMENT LTD, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IAB PROPERTY MANAGEMENT LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that IAB PROPERTY MANAGEMENT LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of IAB PROPERTY MANAGEMENT LTD.You consider that IAB PROPERTY MANAGEMENT LTD is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit of the accounts of IAB PROPERTY MANAGEMENT LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 July 2024.



....................................................

Akhter's Limited

64 Castle Boulevard
Nottingham
Nottinghamshire
NG7 1FN
08 April 2025
1
  2024
    £ £
Fixed assets   105,000 
Current assets 1,818   
Creditors: amount falling due within one year (1,388)  
Net current assets   430 
Total assets less current liabilities   105,430 
Creditors: amount falling due after more than one year   (105,000)
Net assets   430 
 

     
Capital and reserves   430 
 
NOTES TO THE ACCOUNTS

General Information
IAB PROPERTY MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 15021337, registration address 5 BONSALL AVENUE, Derby, Derbyshire, DE23 6JX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Rent Received
Rent received comprises the value of rent agreed with the tenants on accrual basis.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 23 July 2023  
Additions 105,000    105,000 
Disposals  
At 31 July 2024 105,000    105,000 
Depreciation
At 23 July 2023  
Charge for period  
On disposals  
At 31 July 2024  
Net book values
Closing balance as at 31 July 2024 105,000    105,000 
Opening balance as at 23 July 2023  


3.

Average number of employees

Average number of employees during the period was 2.


For the period ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 08 April 2025 and were signed by:


--------------------------------
Mohammed Basharet
Director
2