Company Registration No. 11375848 (England and Wales)
Iron Global Property Ltd
Unaudited Financial Statements
for the year ended 31 May 2024
Iron Global Property Ltd
Unaudited Financial Statements
Contents
Iron Global Property Ltd
Company Information
for the year ended 31 May 2024
Directors
Mr King Lai Tam
Ms Lok Ling Nonne Lo
Company Number
11375848 (England and Wales)
Registered Office
Unit 1
Monks Pond Street
Northampton
NN1 2LF
United Kingdom
Accountants
Adelita Shah Chartered Accountants
Upton Farm Cottage
Upton
Northampton
NN5 4UY
Iron Global Property Ltd
Statement of financial position
as at 31 May 2024
Creditors: amounts falling due within one year
(14,373)
(14,373)
Net current liabilities
(14,373)
(14,373)
Total assets less current liabilities
(14,373)
(14,373)
Creditors: amounts falling due after more than one year
(6,135)
(6,135)
Net liabilities
(20,508)
(20,508)
Called up share capital
100
100
Profit and loss account
(20,608)
(20,608)
Shareholders' funds
(20,508)
(20,508)
For the year ending 31 May 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 25 September 2025 and were signed on its behalf by
Mr King Lai Tam
Director
Company Registration No. 11375848
Iron Global Property Ltd
Notes to the Accounts
for the year ended 31 May 2024
Iron Global Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 11375848. The registered office is Unit 1, Monks Pond Street, Northampton, NN1 2LF, United Kingdom. The company is in the process of being wound up.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The director remains confident that the turnover will increase in the coming months. It is on this basis that the accounts have been prepared on a going concern basis.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Development costs are being amortised evenly over their estimated useful life of five years.
Investment property is included at most recent valuation. Gains or losses are recognised in the income statement.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Iron Global Property Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Intangible fixed assets
Other
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,154
1,154
Loans from directors
12,619
12,619
6
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loans
12,619
-
-
12,619
Balance of £12,619 is still owing to the Director at the year end. It will be interest free.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).