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REGISTERED NUMBER: 13500035 (England and Wales)












Unaudited Financial Statements

For The Year Ended

31 July 2024

for

Ilo Properties Limited

Ilo Properties Limited (Registered number: 13500035)






Contents of the Financial Statements
For The Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ilo Properties Limited

Company Information
For The Year Ended 31 July 2024







DIRECTORS: G C Pires Da Silva
Mrs J Gomes da Silva Marques





REGISTERED OFFICE: Unit 6, Cherrytree Farm
Blackmore End Road
Sible Hedingham
HALSTEAD
Essex
CO9 3LZ





REGISTERED NUMBER: 13500035 (England and Wales)





ACCOUNTANT: Alison Hurrell Limited
Unit 6, Cherry Tree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ

Ilo Properties Limited (Registered number: 13500035)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 961,000 1,018,574

CURRENT ASSETS
Debtors 5 9,310 7,810
Cash at bank 2,813 4,452
12,123 12,262
CREDITORS
Amounts falling due within one year 6 3,920 2,708
NET CURRENT ASSETS 8,203 9,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

969,203

1,028,128

CREDITORS
Amounts falling due after more than one
year

7

732,783

723,449
NET ASSETS 236,420 304,679

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 47,316 104,890
Retained earnings 189,102 199,787
236,420 304,679

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

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

Ilo Properties Limited (Registered number: 13500035)

Balance Sheet - continued
31 July 2024


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

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 15 April 2025 and were signed on its behalf by:




G C Pires Da Silva - Director



Mrs J Gomes da Silva Marques - Director


Ilo Properties Limited (Registered number: 13500035)

Notes to the Financial Statements
For The Year Ended 31 July 2024

1. STATUTORY INFORMATION

Ilo Properties Limited 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. ACCOUNTING POLICIES

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

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,018,574
Revaluations (57,574 )
At 31 July 2024 961,000
NET BOOK VALUE
At 31 July 2024 961,000
At 31 July 2023 1,018,574

Ilo Properties Limited (Registered number: 13500035)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 961,000

5. DEBTORS
31.7.24 31.7.23
£    £   
Amounts falling due within one year:
Trade debtors 500 -
Other debtors 810 810
1,310 810

Amounts falling due after more than one year:
Amounts owed by group undertakings 8,000 7,000

Aggregate amounts 9,310 7,810

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 2,204 1,050
Other creditors 1,716 1,658
3,920 2,708

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 349,250 349,250
Amounts owed to group undertakings 383,533 374,199
732,783 723,449

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 349,250 349,250

8. RESERVES
Revaluation
reserve
£   
At 1 August 2023 104,890
revaluation of investment prop (57,574 )

At 31 July 2024 47,316