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REGISTERED NUMBER: 10409662 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

IRCM Properties Ltd

IRCM Properties Ltd (Registered number: 10409662)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


IRCM Properties Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: I T McMillan





REGISTERED OFFICE: 2 Rabbit Croft
Droitwich
Worcestershire
WR9 7FT





REGISTERED NUMBER: 10409662 (England and Wales)





ACCOUNTANTS: Surge Accounting
23 Woodland Road
Darlington
Co. Durham
DL3 7BJ

IRCM Properties Ltd (Registered number: 10409662)

Abridged Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 570,598 576,747

CURRENT ASSETS
Cash at bank 69,018 57,825

CREDITORS
Amounts falling due within one year 448,664 449,186
NET CURRENT LIABILITIES (379,646 ) (391,361 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,952

185,386

CREDITORS
Amounts falling due after more than one
year

177,324

182,385
NET ASSETS 13,628 3,001

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 13,627 3,000
SHAREHOLDERS' FUNDS 13,628 3,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

IRCM Properties Ltd (Registered number: 10409662)

Abridged Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 July 2025 and were signed by:





I T McMillan - Director


IRCM Properties Ltd (Registered number: 10409662)

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

1. STATUTORY INFORMATION

IRCM Properties Ltd 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.

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.
Land and buildings - 1% on cost
Plant and machinery etc - 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

IRCM Properties Ltd (Registered number: 10409662)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023
and 31 October 2024 606,813
DEPRECIATION
At 1 November 2023 30,066
Charge for year 6,149
At 31 October 2024 36,215
NET BOOK VALUE
At 31 October 2024 570,598
At 31 October 2023 576,747

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 147,736 152,936

Shawbrook Bank Limited, Aldermore Bank PLC, Lendinvest Btl Limited, Ultimate Bridging Finance Limited, Together Commercial Finance Limited hold charges over the freehold property.