Company Registration No. 12356666 (England and Wales)
IJC Property Group Ltd
Unaudited accounts
for the year ended 31 December 2024
IJC Property Group Ltd
Unaudited accounts
Contents
IJC Property Group Ltd
Company Information
for the year ended 31 December 2024
Directors
Ann Cheung
Lawrence Cheung
Company Number
12356666 (England and Wales)
Registered Office
82a James Carter Road
Mildenhall
Bury St. Edmunds
Suffolk
IP28 7DE
United Kingdom
Accountants
CMZ Accounting Ltd
Unit A, 82 James Carter Road
Mildenhall
Suffolk
IP28 7DE
IJC Property Group Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
4,577
1,860
Investment property
1,015,000
690,000
Cash at bank and in hand
4,123
4,689
Creditors: amounts falling due within one year
(352,792)
(234,381)
Net current liabilities
(348,669)
(229,692)
Total assets less current liabilities
670,908
462,168
Creditors: amounts falling due after more than one year
(651,248)
(419,001)
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
19,111
36,408
Shareholders' funds
19,113
36,410
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Ann Cheung
Director
Company Registration No. 12356666
IJC Property Group Ltd
Notes to the Accounts
for the year ended 31 December 2024
IJC Property Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12356666. The registered office is 82a James Carter Road, Mildenhall, Bury St. Edmunds, Suffolk, IP28 7DE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
IJC Property Group Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 January 2024
690,000
Net loss from fair value adjustments
(32,685)
At 31 December 2024
1,015,000
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
28,439
17,714
Taxes and social security
1,516
1,348
Other creditors
75,186
38,695
Loans from directors
240,736
171,218
Deferred income
6,415
4,906
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
651,248
419,001
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).