IRIS Accounts Production v24.1.0.578 10939658 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109396582023-08-31109396582024-08-31109396582023-09-012024-08-31109396582022-08-31109396582022-09-012023-08-31109396582023-08-3110939658ns15:EnglandWales2023-09-012024-08-3110939658ns14:PoundSterling2023-09-012024-08-3110939658ns10:Director12023-09-012024-08-3110939658ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3110939658ns10:SmallEntities2023-09-012024-08-3110939658ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3110939658ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3110939658ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3110939658ns10:AbridgedAccounts2023-09-012024-08-3110939658ns10:OrdinaryShareClass12023-09-012024-08-3110939658ns10:Director22023-09-012024-08-3110939658ns10:RegisteredOffice2023-09-012024-08-3110939658ns5:CurrentFinancialInstruments2024-08-3110939658ns5:CurrentFinancialInstruments2023-08-3110939658ns5:ShareCapital2024-08-3110939658ns5:ShareCapital2023-08-3110939658ns5:FurtherSpecificReserve3ComponentTotalEquity2024-08-3110939658ns5:FurtherSpecificReserve3ComponentTotalEquity2023-08-3110939658ns5:RetainedEarningsAccumulatedLosses2024-08-3110939658ns5:RetainedEarningsAccumulatedLosses2023-08-3110939658ns5:FurnitureFittings2023-09-012024-08-3110939658ns10:OrdinaryShareClass12024-08-31109396581ns10:Director12023-08-31109396581ns10:Director12022-08-31109396581ns10:Director12023-09-012024-08-31109396581ns10:Director12022-09-012023-08-31109396581ns10:Director12024-08-31109396581ns10:Director12023-08-31
REGISTERED NUMBER: 10939658 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2024

FOR

INRUSH PROPERTIES LTD

INRUSH PROPERTIES LTD (REGISTERED NUMBER: 10939658)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


INRUSH PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr K K Chong
Mrs G Vong





REGISTERED OFFICE: 4th Floor Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP





REGISTERED NUMBER: 10939658 (England and Wales)





ACCOUNTANTS: Workwell People Solutions Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

INRUSH PROPERTIES LTD (REGISTERED NUMBER: 10939658)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 805,000 776,000
805,000 776,000

CURRENT ASSETS
Debtors 1 1
Cash at bank 13,377 3,966
13,378 3,967
CREDITORS
Amounts falling due within one year 787,531 791,617
NET CURRENT LIABILITIES (774,153 ) (787,650 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,847

(11,650

)

CAPITAL AND RESERVES
Called up share capital 7 2 2
Fair value reserve (25,418 ) (54,418 )
Retained earnings 56,263 42,766
SHAREHOLDERS' FUNDS 30,847 (11,650 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

INRUSH PROPERTIES LTD (REGISTERED NUMBER: 10939658)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:





Mr K K Chong - Director


INRUSH PROPERTIES LTD (REGISTERED NUMBER: 10939658)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Inrush Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 4,739
DEPRECIATION
At 1 September 2023
and 31 August 2024 4,739
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

INRUSH PROPERTIES LTD (REGISTERED NUMBER: 10939658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 776,000
Revaluations 29,000
At 31 August 2024 805,000
NET BOOK VALUE
At 31 August 2024 805,000
At 31 August 2023 776,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2022 (418 )
Valuation in 2023 (54,000 )
Valuation in 2024 29,000
Cost 830,418
805,000

The investment property was valued by the director at an open market value as at the balance sheet date. The cost of the property is £830,418.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr K K Chong
Balance outstanding at start of year (684,864 ) (701,200 )
Amounts advanced 6,620 25,900
Amounts repaid (7,179 ) (9,564 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (685,423 ) (684,864 )