Company Registration No. 12041210 (England and Wales)
Iz Praedium Limited
Filleted accounts
for the year ended 30 April 2024
Iz Praedium Limited
Filleted accounts
Contents
Iz Praedium Limited
Company Information
for the year ended 30 April 2024
Directors
Zahid Patel
Ismail Amla
Company Number
12041210 (England and Wales)
Registered Office
Hawthorne House
17a Hawthorne Drive
Leicester
LE5 6DL
England
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Iz Praedium Limited
Statement of financial position
as at 30 April 2024
Investment property
680,000
680,000
Cash at bank and in hand
32,430
5,449
Creditors: amounts falling due within one year
(10,946)
(10,205)
Net current assets
128,257
101,367
Total assets less current liabilities
808,272
781,382
Creditors: amounts falling due after more than one year
(579,402)
(576,722)
Provisions for liabilities
Deferred tax
(34,538)
(34,538)
Net assets
194,332
170,122
Called up share capital
100
100
Fair value reserve
103,613
103,613
Profit and loss account
90,619
66,409
Shareholders' funds
194,332
170,122
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by
Zahid Patel
Director
Company Registration No. 12041210
Iz Praedium Limited
Notes to the Accounts
for the year ended 30 April 2024
Iz Praedium Limited is a private company, limited by shares, registered in England and Wales, registration number 12041210. The registered office is Hawthorne House, 17a Hawthorne Drive, Leicester, LE5 6DL, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 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.
Investments in shares are included at fair value.
Fair value at 1 May 2023
680,000
Iz Praedium Limited
Notes to the Accounts
for the year ended 30 April 2024
5
Investments
Other investments
Valuation at 1 May 2023
15
Valuation at 30 April 2024
15
Amounts falling due within one year
Accrued income and prepayments
460
460
Amounts falling due after more than one year
Amounts due from group undertakings etc.
105,000
105,000
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,679
6,523
8
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
120,195
117,515
Loans from directors
459,207
459,207
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).