REGISTERED NUMBER: 11584772 (England and Wales)

Financial Statements

for the Year Ended 30 September 2024

for

I AM HOME PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I J Kugler

Mrs L C Kugler

REGISTERED OFFICE:

143 Station Road

Hampton

Middlesex

TW12 2AL

REGISTERED NUMBER:

11584772 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

143 Station Road

Hampton

Middlesex

TW12 2AL

FIXED ASSETS

Intangible assets

4

-

6,719

Tangible assets

5

-

-

Investment property

6

75,000

75,000

75,000

81,719

CURRENT ASSETS

Debtors

7

492

492

Cash at bank

12,261

24,929

12,753

25,421

CREDITORS

Amounts falling due within one year

8

(92,002

)

(106,645

)

NET CURRENT LIABILITIES

(79,249

)

(81,224

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,249

)

495

CREDITORS

Amounts falling due after more than one year

9

(47,632

)

(47,632

)

PROVISIONS FOR LIABILITIES

(1,345

)

(1,345

)

NET LIABILITIES

(53,226

)

(48,482

)

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

(53,326

)

(48,582

)

SHAREHOLDERS' FUNDS

(53,226

)

(48,482

)

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

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

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 29 September 2025 and were signed on its behalf by:

I J Kugler - Director

1.	STATUTORY INFORMATION

I AM HOME PROPERTY 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 as modified by the revaluation of certain assets.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Know how are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Computer equipment

-

Straight line over 3 years

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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2023

and 30 September 2024

33,603

AMORTISATION

At 1 October 2023

26,884

Charge for year

6,719

At 30 September 2024

33,603

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

6,719

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 October 2023

and 30 September 2024

2,694

DEPRECIATION

At 1 October 2023

and 30 September 2024

2,694

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

and 30 September 2024

75,000

NET BOOK VALUE

At 30 September 2024

75,000

At 30 September 2023

75,000

Fair value at 30 September 2024 is represented by:

£

Valuation in 2023

7,077

Cost

67,923

75,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Other debtors

492

492

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

120

120

Other creditors

91,882

106,525

92,002

106,645

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Other creditors

47,632

47,632

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage

47,632

47,632

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.24

30.9.23

£

£

Other loans

47,632

47,632

The mortgage provided by Aldemore Bank PLC is secured against the freehold interest in the property known as 15 Abermorlais Terrace by way of a negative pledge.

The loan is jointly and severally guaranteed by the directors of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Reserves include £5,732 which is not distributable. This relates to the unrealised revaluation of investment properties and the deferred tax effects.

13.	GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.