REGISTERED NUMBER: 07979724 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

IAW PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs W H P Buckley

Mr I J Buckley

REGISTERED OFFICE:

The Limes

Main Street

Tinwell

Nr Stamford

Lincolnshire

PE9 3UD

REGISTERED NUMBER:

07979724 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

HSBC Bank Plc

1 High Street

Harpenden

Hertfordshire

AL5 2RS

FIXED ASSETS

Tangible assets

4

4,717

5,895

CURRENT ASSETS

Debtors

5

1,357

11

Cash at bank

23,616

4,663

24,973

4,674

CREDITORS

Amounts falling due within one year

6

10,580

11,961

NET CURRENT ASSETS/(LIABILITIES)

14,393

(7,287

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,110

(1,392

)

CREDITORS

Amounts falling due after more than one year

7

(12,135

)

(14,645

)

PROVISIONS FOR LIABILITIES

(688

)

-

NET ASSETS/(LIABILITIES)

6,287

(16,037

)

CAPITAL AND RESERVES

Called up share capital

8

103

103

Retained earnings

6,184

(16,140

)

SHAREHOLDERS' FUNDS

6,287

(16,037

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th June 2025 and were signed on its behalf by:

Mr I J Buckley - Director

1.	STATUTORY INFORMATION

IAW Property 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 rental of properties is accrued and recognised on a monthly basis as rents fall due.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery

- 33% on cost

Fixtures and fittings

- 33% on cost

Computer equipment

- 33% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2024

2,857

18,811

2,155

23,823

Additions

-

1,148

2,198

3,346

At 31st March 2025

2,857

19,959

4,353

27,169

DEPRECIATION

At 1st April 2024

2,857

13,694

1,377

17,928

Charge for year

-

3,684

840

4,524

At 31st March 2025

2,857

17,378

2,217

22,452

NET BOOK VALUE

At 31st March 2025

-

2,581

2,136

4,717

At 31st March 2024

-

5,117

778

5,895

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

611

11

Prepayments and accrued income

746

-

1,357

11

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,606

2,606

Trade creditors

417

328

Directors' current accounts

6,000

7,520

Accruals and deferred income

1,557

1,507

10,580

11,961

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

2,606

2,606

Bank loans - 2-5 years

7,817

7,817

Bank loans more than 5 years

1,712

4,222

12,135

14,645

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

1,712

4,222

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

1

Ordinary E

£1

1

1

103

103

9.	RELATED PARTY DISCLOSURES

During the year, the company made payments in the form of rents totalling £44,400 (2024: £39,600) to a related party.

In addition, a total of £1,200 (2024: £5,100) was paid to other related parties for services provided to the company during the year.