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Registered Number: 13568902
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 August 2024

for

IVY LANE PROPERTY LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets
Tangible fixed assets 2 700,300    375,375 
700,300    375,375 
Current assets
Cash at bank and in hand 1,665    10,947 
1,665    10,947 
Creditors: amount falling due within one year (359)   (359)
Net current assets 1,306    10,588 
 
Total assets less current liabilities 701,606    385,963 
Creditors: amount falling due after more than one year (628,595)   (340,045)
Net assets 73,011    45,918 
 

Capital and reserves
Called up share capital 100    100 
Reserves 139,329   
Profit and loss account (66,418)   45,818 
Shareholders fund 73,011    45,918 
 
For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
Signed on behalf of the board of directors:


----------------------------------
Robert James Lawrence
Director

Date approved: 16 May 2025
1
Statutory Information
IVY LANE PROPERTY LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 13568902, registration address 27 Teise Close, Tunbridge Wells, TN2 5JN, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
2.

Tangible fixed assets

Cost or Valuation   Freehold property   Computer Equipment   Total
    £   £   £
At 01 September 2023   375,000    469    375,469 
Additions   264,990      264,990 
Revaluations   60,010      60,010 
At 31 August 2024   700,000    469    700,469 
Depreciation
At 01 September 2023     94    94 
Charge for year     75    75 
At 31 August 2024     169    169 
Net book values
Closing balance as at 31 August 2024   700,000    300    700,300 
Opening balance as at 01 September 2023   375,000    375    375,375 

3.

Average number of employees

Average number of employees during the year were 2 (2023: 2).
4.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
Director of company153,500 75,000 


Director of company
As at the balance sheet date, the company owed £153,500 to the director in respect of a loan.
2