IMS Lettings Solutions Limited

Registered number

09418095

Filleted Accounts

31 March 2025

IMS Lettings Solutions Limited
Registered number:		09418095
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		28,771			39,080

Current assets
Debtors	4	643,517			630,981
Cash at bank and in hand		14,576			23,090
		658,093			654,071

Creditors: amounts falling due within one year	5	(559,232)			(573,708)

Net current assets			98,861			80,363

Total assets less current liabilities			127,632			119,443

Creditors: amounts falling due after more than one year	6		(49,457)			(74,532)

Provisions for liabilities			(5,466)			(7,425)


Net assets			72,709			37,486

Capital and reserves
Called up share capital			100			100
Profit and loss account			72,609			37,386

Shareholder's funds			72,709			37,486

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.




Michelle Niziol
Director
Approved by the board on 24 October 2025

IMS Lettings Solutions Limited
Notes to the Accounts
for the year ended 31 March 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). The company is a qualifying entity for the purposes of FRS 102, being a member of a group whether the parent company prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the group. The copmany has therefore taken advantage of exemptions from the following disclosure requirements:

	- Section 4 Statement of Financial Position
	- Section 7 Statement of Cash Flows
	- Section 11 Basic Financial Instruments
	- Section 12 Other Financial Instruments
	- Section 13 Related Party Disclosures

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Leasehold land and buildings	20% straight line
	Plant and machinery	20% straight line

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

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


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			0		0


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	3,300		55,624		58,924
	At 31 March 2025	3,300		55,624		58,924

	Depreciation
	At 1 April 2024	660		19,184		19,844
	Charge for the year	660		9,649		10,309
	At 31 March 2025	1,320		28,833		30,153

	Net book value
	At 31 March 2025	1,980		26,791		28,771
	At 31 March 2024	2,640		36,440		39,080


4	Debtors			2025		2024
£					£

	Trade debtors			1,129		4,515
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			219,701		209,867
	Other debtors			422,687		416,599
				643,517		630,981


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			25,075		25,075
	Trade creditors			11,811		10,758
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			188,085		198,891
	Taxation and social security costs			24,540		32,626
	Other creditors			309,721		306,358
				559,232		573,708


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			49,457		74,532


7	Loans			2025		2024
£					£
	Creditors include:
	Instalments falling due for payment after more than five years			4,405		4,405


8	Related party transactions

	The company has taken advantage of exemption available per paragraph 33.1A of FRS 102 whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.


9	Controlling party

	The ultimate controlling party is Mrs M Niziol, the director, by virtue her 100% shareholding in the parent company IMS Property Group Limited.


10	Other information

	IMS Lettings Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
	18 Kings End
	Bicester
	Oxfordshire
	OX26 2AA