IAShah Property Limited - Filleted accounts

Registered number

15466358

IAShah Property Limited

Unaudited Filleted Accounts

28 February 2025

IAShah Property Limited
Registered number:		15466358
Balance Sheet
as at 28 February 2025

Notes			2025
£
Fixed assets
Investment Property	3		441,610
			441,610

Current assets
Debtors	4	1,809
Cash at bank and in hand		15,701
		17,510

Creditors: amounts falling due within one year	5	(450,446)

Net current liabilities			(432,936)

Total assets less current liabilities			8,674

Net assets			8,674

Capital and reserves
Called up share capital			100
Profit and loss account			8,574

Shareholders' funds			8,674

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr. I. Shah
Director
Approved by the board on 6 September 2025

IAShah Property Limited
Notes to the Accounts
for the period from 5 February 2024 to 28 February 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of services. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment			over 5 years

	Investment Property
	Investment property is included at 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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees				2025
Number

	Average number of persons employed by the company				0

3	Tangible fixed assets
		Investment Property		Total
£			£
	Cost or valuation
	At 5 February 2024	-		-
	Additions	441,610		441,610
	Surplus on revaluation	-		-
	Disposals	-		-
	At 28 February 2025	441,610		441,610

	Depreciation
	At 5 February 2024	-		-
	Charge for the period	-		-
	Surplus on revaluation	-		-
	On disposals	-		-
	At 28 February 2025	-		-

	Net book value
	At 28 February 2025	441,610		441,610
	At 4 February 2024	-		-

	Freehold land and buildings:				2025
£
	Historical cost				441,610
					441,610
	Investment properties are valued by the director based on similar properties in the locality and reviews conducted on an open market valuation of a freehold basis. The director believes there has not been an increase in the fair value of the property from the acquisition cost.

4	Debtors				2025
£

	Trade debtors				1,809
					1,809

5	Creditors: amounts falling due within one year				2025
£

	Taxation and social security costs				2,011
	Other creditors				448,435
					450,446

6	Other information

	IAShah Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
	24 Marshall Avenue
	St. Albans
	Hertfordshire
	AL3 5HT