Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31Construction of domestic buildings112023-06-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09029615 2023-06-01 2024-05-31 09029615 2022-06-01 2023-05-31 09029615 2024-05-31 09029615 2023-05-31 09029615 c:Director1 2023-06-01 2024-05-31 09029615 d:CurrentFinancialInstruments 2024-05-31 09029615 d:CurrentFinancialInstruments 2023-05-31 09029615 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 09029615 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09029615 d:ShareCapital 2024-05-31 09029615 d:ShareCapital 2023-05-31 09029615 d:RetainedEarningsAccumulatedLosses 2024-05-31 09029615 d:RetainedEarningsAccumulatedLosses 2023-05-31 09029615 c:FRS102 2023-06-01 2024-05-31 09029615 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09029615 c:FullAccounts 2023-06-01 2024-05-31 09029615 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09029615 2 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 09029615









IRONSIDE AND MALONE DESIGN AND BUILD 2 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
IRONSIDE AND MALONE DESIGN AND BUILD 2 LIMITED
REGISTERED NUMBER: 09029615

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
36,857,775
35,810,151

Debtors: amounts falling due within one year
 4 
33,395
28,022

Cash at bank and in hand
 5 
120,398
150,667

  
37,011,568
35,988,840

Creditors: amounts falling due within one year
 6 
(37,164,171)
(36,134,235)

Net current liabilities
  
 
 
(152,603)
 
 
(145,395)

Total assets less current liabilities
  
(152,603)
(145,395)

  

Net liabilities
  
(152,603)
(145,395)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(152,604)
(145,396)

  
(152,603)
(145,395)


Page 1

 
IRONSIDE AND MALONE DESIGN AND BUILD 2 LIMITED
REGISTERED NUMBER: 09029615
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



J San
Director

Date: 13 February 2025

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
IRONSIDE AND MALONE DESIGN AND BUILD 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Ironside & Malone Design & Build 2 Limited is a private company limited by shares and is incorporated in England. The registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. 
The principal activity of the Company is the provision of design and building work in the development of residential property.
The financial statements are presented in Sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position, the Director has obtained assurances from the ultimate beneficial owners to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
IRONSIDE AND MALONE DESIGN AND BUILD 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Other debtors
33,395
28,022

33,395
28,022



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
120,398
150,667

120,398
150,667



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
30,884
47,639

Other creditors
37,130,787
36,084,096

Accruals and deferred income
2,500
2,500

37,164,171
36,134,235


 
Page 4