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Company Registration No. 4719508 (England and Wales)
Ingenious Properties Limited Unaudited accounts for the year ended 30 September 2024
Ingenious Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Ingenious Properties Limited Company Information for the year ended 30 September 2024
Directors
Stephen Gee Emma Gee
Company Number
4719508 (England and Wales)
Registered Office
43-45 High Road Bushey Heath England WD23 1EE
Accountants
Charterwells Suite 8, 2nd Floor 43-45 High Road Bushey Heath WD23 1EE
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Ingenious Properties Limited Statement of financial position as at 30 September 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
174
217
Investments
5
102,103
102,103
102,277
102,320
Current assets
Inventories
2,583,089
2,528,089
Debtors
6
656,023
699,608
Cash at bank and in hand
7,467
45,589
3,246,579
3,273,286
Creditors: amounts falling due within one year
7
(655,257)
(403,487)
Net current assets
2,591,322
2,869,799
Total assets less current liabilities
2,693,599
2,972,119
Creditors: amounts falling due after more than one year
8
(524,523)
(535,358)
Net assets
2,169,076
2,436,761
Capital and reserves
Called up share capital
2
2
Profit and loss account
2,169,074
2,436,759
Shareholders' funds
2,169,076
2,436,761
For the year ending 30 September 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by
Stephen Gee Director Company Registration No. 4719508
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Ingenious Properties Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Ingenious Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 4719508. The registered office is 43-45 High Road, Bushey Heath, England, WD23 1EE.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% RBM
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.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Investments
Investments in shares are included at fair value.
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Ingenious Properties Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 October 2023
4,008
At 30 September 2024
4,008
Depreciation
At 1 October 2023
3,791
Charge for the year
43
At 30 September 2024
3,834
Net book value
At 30 September 2024
174
At 30 September 2023
217
5
Investments
Other investments
£
Valuation at 1 October 2023
102,103
Valuation at 30 September 2024
102,103
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
82,808
96,861
Other debtors
573,215
602,747
656,023
699,608
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,622
10,650
Trade creditors
624,659
350,229
Taxes and social security
10,149
35,912
Loans from directors
2,327
863
Accruals
7,500
5,833
655,257
403,487
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
524,523
535,358
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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