Company Registration No. 14752444 (England and Wales)
Ims Property Lets Limited
Unaudited accounts
for the year ended 31 March 2025
Ims Property Lets Limited
Unaudited accounts
Contents
Ims Property Lets Limited
Company Information
for the year ended 31 March 2025
Director
Isobel Lynne Montgomery-Smith
Company Number
14752444 (England and Wales)
Registered Office
38 Gorselands
Tadley
Hampshire
RG26 3HT
England
Accountants
B4Bookkeeping Ltd
1 Lincoln House
Tangmere
Chichester
West Sussex
PO20 2FS
Ims Property Lets Limited
Statement of financial position
as at 31 March 2025
Investment property
141,210
147,325
Cash at bank and in hand
1,284
1,477
Creditors: amounts falling due within one year
(73,367)
(65,479)
Net current liabilities
(72,083)
(64,002)
Total assets less current liabilities
69,127
83,323
Creditors: amounts falling due after more than one year
(98,493)
(98,493)
Net liabilities
(29,366)
(15,170)
Called up share capital
1
1
Profit and loss account
(29,367)
(15,171)
Shareholders' funds
(29,366)
(15,170)
For the year ending 31 March 2025 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 director acknowledges her 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 and authorised for issue on 28 May 2025 and were signed on its behalf by
Isobel Lynne Montgomery-Smith
Director
Company Registration No. 14752444
Ims Property Lets Limited
Notes to the Accounts
for the year ended 31 March 2025
Ims Property Lets Limited is a private company, limited by shares, registered in England and Wales, registration number 14752444. The registered office is 38 Gorselands, Tadley, Hampshire, RG26 3HT, 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.
Assurances have been obtained from the directors that the company will continue to operate int he foreseeable future and will be able to meet its liabilities as and when they fall due
Fair value at 1 April 2024
147,325
Net gain from fair value adjustments
2,210
Ims Property Lets Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025
2024
Loans from directors
72,887
64,999
6
Creditors: amounts falling due after more than one year
2025
2024
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).