REGISTERED NUMBER: 13977420 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

IERY Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L C Langford

L M Arcuino

REGISTERED OFFICE:

4 Arnwood Drive

Bransgore

CHRISTCHURCH

BH23 8FH

REGISTERED NUMBER:

13977420 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Investment property

4

306,879

259,034

CURRENT ASSETS

Debtors

5

1,472

323

Cash at bank

2,852

2,280

4,324

2,603

CREDITORS

Amounts falling due within one year

6

159,700

158,276

NET CURRENT LIABILITIES

(155,376

)

(155,673

)

TOTAL ASSETS LESS CURRENT LIABILITIES

151,503

103,361

CREDITORS

Amounts falling due after more than one year

7

(117,671

)

(117,685

)

PROVISIONS FOR LIABILITIES

8

(9,120

)

-

NET ASSETS/(LIABILITIES)

24,712

(14,324

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Fair value reserve

10

38,880

-

Retained earnings

(14,169

)

(14,325

)

SHAREHOLDERS' FUNDS

24,712

(14,324

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

L C Langford - Director

1.	STATUTORY INFORMATION

IERY Properties 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.

Previously, the financial statements have been prepared under FRS 105. This had no impact on opening reserves.

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 have also been consistently applied within the same account.

Turnover

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

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 Profit and Loss Account, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

259,034

Disposals

(155

)

Revaluations

48,000

At 31 March 2025

306,879

NET BOOK VALUE

At 31 March 2025

306,879

At 31 March 2024

259,034

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

48,000

Cost

258,879

306,879

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,167

-

Prepayments and accrued income

305

323

1,472

323

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Directors' current accounts

158,125

156,776

Accruals and deferred income

1,575

1,500

159,700

158,276

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

117,671

117,685

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

117,671

117,685

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

9,120

-

Deferred

tax

£

Charge to Profit and Loss Account during year

9,120

Balance at 31 March 2025

9,120

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

1

1

1

10.

RESERVES

Fair

value

reserve

£

Fair Value Adjustment of investment property

48,000

Deferred tax on fair value adjustment

(9,120

)

At 31 March 2025

38,880