Interior Elegance (Properties) Limited 02649971 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is property rental Digita Accounts Production Advanced 6.30.9574.0 true true 02649971 2023-11-01 2024-10-31 02649971 2024-10-31 02649971 core:CurrentFinancialInstruments 2024-10-31 02649971 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 02649971 core:Non-currentFinancialInstruments 2024-10-31 02649971 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 02649971 core:LandBuildings 2024-10-31 02649971 bus:SmallEntities 2023-11-01 2024-10-31 02649971 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 02649971 bus:FullAccounts 2023-11-01 2024-10-31 02649971 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 02649971 bus:RegisteredOffice 2023-11-01 2024-10-31 02649971 bus:Director1 2023-11-01 2024-10-31 02649971 bus:Director2 2023-11-01 2024-10-31 02649971 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 02649971 countries:England 2023-11-01 2024-10-31 02649971 2023-10-31 02649971 core:LandBuildings 2023-10-31 02649971 2022-11-01 2023-10-31 02649971 2023-10-31 02649971 core:CurrentFinancialInstruments 2023-10-31 02649971 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 02649971 core:Non-currentFinancialInstruments 2023-10-31 02649971 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 02649971 core:LandBuildings 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 02649971

Interior Elegance (Properties) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Interior Elegance (Properties) Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Interior Elegance (Properties) Limited

Company Information

Directors

Mr Derek Otter

Ms Jayne Otter

Registered office

116a Bridge Street
Worksop
Nottinghamshire
S80 1HT

 

Interior Elegance (Properties) Limited

Directors' Report for the Year Ended 31 October 2024

The directors present their report and the financial statements for the year ended 31 October 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Derek Otter

Ms Jayne Otter

Principal activity

The principal activity of the company is property rental

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 20 June 2025 and signed on its behalf by:
 

.........................................
Mr Derek Otter
Director

 

Interior Elegance (Properties) Limited

(Registration number: 02649971)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

159,771

159,771

Current assets

 

Cash at bank and in hand

 

2,272

3,961

Creditors: Amounts falling due within one year

5

(229,331)

(207,848)

Net current liabilities

 

(227,059)

(203,887)

Total assets less current liabilities

 

(67,288)

(44,116)

Creditors: Amounts falling due after more than one year

5

(878)

(1,333)

Net liabilities

 

(68,166)

(45,449)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(68,168)

(45,451)

Shareholders' deficit

 

(68,166)

(45,449)

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 20 June 2025 and signed on its behalf by:
 

.........................................
Mr Derek Otter
Director

 

Interior Elegance (Properties) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
116a Bridge Street
Worksop
Nottinghamshire
S80 1HT

These financial statements were authorised for issue by the Board on 20 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is GBP rounded to the nearest whole GBP.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Interior Elegance (Properties) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Interior Elegance (Properties) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 November 2023

159,771

159,771

At 31 October 2024

159,771

159,771

Depreciation

Carrying amount

At 31 October 2024

159,771

159,771

At 31 October 2023

159,771

159,771

Included within the net book value of land and buildings above is £159,771 (2023 - £159,771) in respect of freehold land and buildings.
 

 

Interior Elegance (Properties) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

228,104

207,310

Trade creditors

 

717

45

Accruals and deferred income

 

510

492

Other creditors

 

-

1

 

229,331

207,848

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

878

1,333

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

878

1,333

Current loans and borrowings

2024
£

2023
£

Bank borrowings

465

465

Other borrowings

227,639

206,845

228,104

207,310