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REGISTERED NUMBER: 10119856 (England and Wales)











Financial Statements

for the Year Ended 30th September 2024

for

IRON HOOP PROPERTIES LIMITED

IRON HOOP PROPERTIES LIMITED (REGISTERED NUMBER: 10119856)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IRON HOOP PROPERTIES LIMITED

Company Information
for the year ended 30th September 2024







DIRECTORS: M J W Smith
N W Tucker





REGISTERED OFFICE: Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ





REGISTERED NUMBER: 10119856 (England and Wales)





ACCOUNTANTS: Cheeld Wheeler & Co
Chartered Certified Accountants
Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ

IRON HOOP PROPERTIES LIMITED (REGISTERED NUMBER: 10119856)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 590,000 590,000
590,000 590,000

CURRENT ASSETS
Debtors 6 1,617 58
Cash at bank 41,528 32,049
43,145 32,107
CREDITORS
Amounts falling due within one year 7 296,155 299,147
NET CURRENT LIABILITIES (253,010 ) (267,040 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,990

322,960

CREDITORS
Amounts falling due after more than one year 8 (109,295 ) (109,295 )

PROVISIONS FOR LIABILITIES (40,390 ) (40,390 )
NET ASSETS 187,305 173,275

CAPITAL AND RESERVES
Called up share capital 500 500
Fair value reserve 9 121,170 121,170
Retained earnings 65,635 51,605
SHAREHOLDERS' FUNDS 187,305 173,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

IRON HOOP PROPERTIES LIMITED (REGISTERED NUMBER: 10119856)

Balance Sheet - continued
30th September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd June 2025 and were signed on its behalf by:




M J W Smith - Director



N W Tucker - Director


IRON HOOP PROPERTIES LIMITED (REGISTERED NUMBER: 10119856)

Notes to the Financial Statements
for the year ended 30th September 2024

1. STATUTORY INFORMATION

Iron Hoop 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Statement of Income and Retained Earnings, 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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation reduction.

IRON HOOP PROPERTIES LIMITED (REGISTERED NUMBER: 10119856)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2023
and 30th September 2024 2,252
DEPRECIATION
At 1st October 2023
and 30th September 2024 2,252
NET BOOK VALUE
At 30th September 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023
and 30th September 2024 590,000
NET BOOK VALUE
At 30th September 2024 590,000
At 30th September 2023 590,000

The directors consider that the value of the investment properties is not significantly different to the prior years valuation.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,617 58

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,071 4,071
Taxation and social security 4,742 3,589
Other creditors 287,342 291,487
296,155 299,147

IRON HOOP PROPERTIES LIMITED (REGISTERED NUMBER: 10119856)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 109,295 109,295

9. RESERVES
Fair
value
reserve
£   
At 1st October 2023
and 30th September 2024 121,170

10. RELATED PARTY DISCLOSURES

The company owed £283,916 (2023 - £283,916) to Ward James Associates Limited, a company under common control. The loan is not secured and there are no specified repayment terms.