1 April 2024 false No description of principal activity Taxfiler 2024.6 true 14752444business:PrivateLimitedCompanyLtd2024-04-012025-03-31 147524442024-03-31 147524442024-04-012025-03-31 14752444business:AuditExemptWithAccountantsReport2024-04-012025-03-31 14752444business:FilletedAccounts2024-04-012025-03-31 147524442025-03-31 14752444business:Director12024-04-012025-03-31 14752444business:RegisteredOffice2024-04-012025-03-31 147524442024-03-31 14752444core:WithinOneYear2025-03-31 14752444core:WithinOneYear2024-03-31 14752444core:AfterOneYear2025-03-31 14752444core:AfterOneYear2024-03-31 14752444core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 14752444core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 14752444core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 14752444core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 14752444core:PreviouslyStatedAmount2025-03-31 14752444core:PreviouslyStatedAmount2024-03-31 14752444business:SmallEntities2024-04-012025-03-31 14752444countries:EnglandWales2024-04-012025-03-31 147524442023-03-232024-03-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Ims Property Lets Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Investment property
141,210 
147,325 
Current assets
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)
Capital and reserves
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
- 4 -
Ims Property Lets Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
Going concern
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
4
Investment property
2025 
£ 
Fair value at 1 April 2024
147,325 
Additions
(8,325)
Net gain from fair value adjustments
2,210 
At 31 March 2025
141,210 
- 5 -
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 
Accruals
480 
480 
73,367 
65,479 
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
98,493 
98,493 
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -