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Company Registration No. 12659374 (England and Wales)
Intrinsic Estate Limited Unaudited accounts for the year ended 30 June 2024
Intrinsic Estate Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Intrinsic Estate Limited Company Information for the year ended 30 June 2024
Director
Sarah James
Company Number
12659374 (England and Wales)
Registered Office
6 Chestnut Avenue Chatham Kent ME5 9AJ England
- 3 -
Intrinsic Estate Limited Statement of financial position as at 30 June 2024
2024
2023
Notes
£
£
Fixed assets
Investment property
4
1,558,893
688,893
Current assets
Cash at bank and in hand
1,470
1,307
Creditors: amounts falling due within one year
5
(305,815)
(181,288)
Net current liabilities
(304,345)
(179,981)
Total assets less current liabilities
1,254,548
508,912
Creditors: amounts falling due after more than one year
6
(1,075,016)
(497,810)
Net assets
179,532
11,102
Capital and reserves
Called up share capital
1
1
Capital contribution reserve
7
100,308
12,878
Profit and loss account
79,223
(1,777)
Shareholders' funds
179,532
11,102
For the year ending 30 June 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 director acknowledges her 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 and authorised for issue on 5 November 2025 and were signed on its behalf by
Sarah James Director Company Registration No. 12659374
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Intrinsic Estate Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Intrinsic Estate Limited is a private company, limited by shares, registered in England and Wales, registration number 12659374. The registered office is 6 Chestnut Avenue, Chatham, Kent, ME5 9AJ, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment Properties Investment properties are properties held to earn rentals and/or for capital appreciation. The definition of an investment property under FRS 102 has been met. Investment properties are initially recognised at cost, which includes the purchase price and any directly attributable costs such as legal fees and property transfer taxes. Subsequently, investment properties are measured at fair value at each reporting date. Any changes in fair value are recognised in the profit or loss account in the period in which they arise. No depreciation is provided on investment properties held at fair value.
4
Investment property
2024
£
Fair value at 1 July 2023
688,893
Additions
720,000
Net gain from fair value adjustments
150,000
At 30 June 2024
1,558,893
Investment Properties Investment properties are properties held to earn rentals and/or for capital appreciation. The definition of an investment property under FRS 102 has been met. Investment properties are initially recognised at cost, which includes the purchase price and any directly attributable costs such as legal fees and property transfer taxes. Subsequently, investment properties are measured at fair value at each reporting date. Any changes in fair value are recognised in the profit or loss account in the period in which they arise. No depreciation is provided on investment properties held at fair value.
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Intrinsic Estate Limited Notes to the Accounts for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024
2023
£
£
Loans from directors
305,815
181,288
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
1,075,016
496,250
Deferred income
-
1,560
1,075,016
497,810
7
Capital contribution reserve
During the year, the shareholders passed a special resolution to transfer a portion of the outstanding shareholder loan to the Capital Contribution Reserve. This transfer reflects the shareholders’ decision to permanently capitalise part of the loan balance, thereby strengthening the Company’s equity position. In accordance with the requirements of FRS 102, this amount has been treated as a capital contribution rather than a financial liability, as there is no longer any contractual obligation for repayment. The transaction has therefore been recognised directly within equity under the Capital Contribution Reserve.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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