Company Registration No. 13322227 (England and Wales)
Ipswich Property Services Ltd
Unaudited accounts
for the year ended 31 December 2024
Ipswich Property Services Ltd
Unaudited accounts
Contents
Ipswich Property Services Ltd
Company Information
for the year ended 31 December 2024
Directors
S Mitchell
M Mitchell
Company Number
13322227 (England and Wales)
Registered Office
c/o Accountancy Plus 9 Langley Street
Langley
Norwich
NR14 6DE
Accountants
Accountancy Plus & Payroll People Ltd
9 Langley Street
Langley
Norwich
Norfolk
NR14 6DE
Ipswich Property Services Ltd
Statement of financial position
as at 31 December 2024
Investment property
440,000
440,000
Cash at bank and in hand
1,102
2,387
Creditors: amounts falling due within one year
(523)
(1,950)
Net current assets
579
1,812
Total assets less current liabilities
440,579
441,812
Creditors: amounts falling due after more than one year
(408,480)
(412,631)
Provisions for liabilities
Deferred tax
(4,307)
(4,307)
Called up share capital
100
100
Profit and loss account
27,692
24,774
Shareholders' funds
27,792
24,874
For the year ending 31 December 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 14 April 2025 and were signed on its behalf by
S Mitchell
Director
Company Registration No. 13322227
Ipswich Property Services Ltd
Notes to the Accounts
for the year ended 31 December 2024
Ipswich Property Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 13322227. The registered office is c/o Accountancy Plus 9 Langley Street, Langley, Norwich, NR14 6DE.
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.
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.
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors loans from banks and other third parties and loans to related parties.
All borrowing costs are recognised int he Income Statement in the period in which they accrue.
Fair value at 1 January 2024
440,000
At 31 December 2024
440,000
The 2024 valuations were undertaken by the Directors.
Amounts falling due within one year
Ipswich Property Services Ltd
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
23
1,450
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
292,329
292,329
Loans from directors
116,151
120,302
The long term creditors represent borrowings against the properties owned by the company. The borrowings are secured against the property into which they relate.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).