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Company Registration No. 12482895 (England and Wales)
INIZIO PROPERTIES LIMITED Unaudited accounts for the year ended 28 February 2025
INIZIO PROPERTIES LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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INIZIO PROPERTIES LIMITED Company Information for the year ended 28 February 2025
Directors
THOMAS JINU KOLLAMMAPARAMBIL ANTONY BINU GEORGE MULLOOR
Company Number
12482895 (England and Wales)
Registered Office
12 LANES AVENUE NORTHFLEET GRAVESEND KENT DA12 7HR
Accountants
WILSON JOSEPH 329 Bradford Road Huddersfield West Yorkshire HD1 6ER
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INIZIO PROPERTIES LIMITED Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
77,000
77,000
Current assets
Debtors
5
550
-
Cash at bank and in hand
10,992
498
11,542
498
Creditors: amounts falling due within one year
6
(49,077)
(85,923)
Net current liabilities
(37,535)
(85,425)
Total assets less current liabilities
39,465
(8,425)
Creditors: amounts falling due after more than one year
7
(57,730)
-
Net liabilities
(18,265)
(8,425)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(18,267)
(8,427)
Shareholders' funds
(18,265)
(8,425)
For the year ending 28 February 2025 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 10 November 2025 and were signed on its behalf by
THOMAS JINU KOLLAMMAPARAMBIL ANTONY Director Company Registration No. 12482895
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INIZIO PROPERTIES LIMITED Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
INIZIO PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12482895. The registered office is 12 LANES AVENUE, NORTHFLEET, GRAVESEND, KENT, DA12 7HR.
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.
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:
Land & buildings
0
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 March 2024
77,000
At 28 February 2025
77,000
Depreciation
At 28 February 2025
-
Net book value
At 28 February 2025
77,000
At 29 February 2024
77,000
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
550
-
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INIZIO PROPERTIES LIMITED Notes to the Accounts for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
21,243
57,730
Trade creditors
400
-
Other creditors
27,434
28,193
49,077
85,923
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
57,730
-
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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