REGISTERED NUMBER: 01636227 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

INGLEDEW COURT PROPERTY COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A J Garside

J B Harris

J L Holman

D A Hyman

S W Steer

SECRETARY:

J H Watson Property Management Limited

REGISTERED OFFICE:

Glendevon House

Coal Road

Leeds

West Yorkshire

LS14 1PQ

REGISTERED NUMBER:

01636227 (England and Wales)

SENIOR STATUTORY AUDITOR:

Frances Howard BFP FCA

AUDITOR:

Fortus Audit LLP

Equinox House, Clifton Park

Shipton Road

York

Yorkshire

YO30 5PA

FIXED ASSETS

Tangible assets

4

3,620

4,046

Investment property

5

140,000

140,000

143,620

144,046

CURRENT ASSETS

Debtors

6

29,981

13,655

Cash at bank and in hand

158,010

167,977

187,991

181,632

CREDITORS

Amounts falling due within one year

7

13,800

14,870

NET CURRENT ASSETS

174,191

166,762

TOTAL ASSETS LESS CURRENT LIABILITIES

317,811

310,808

PROVISIONS FOR LIABILITIES

25,470

25,470

NET ASSETS

292,341

285,338

RESERVES

Income and expenditure account

292,341

285,338

292,341

285,338

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

D A Hyman - Director

1.	STATUTORY INFORMATION

Ingledew Court Property Company Limited is a private company, limited by guarantee , 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Entry security system

-

10% on reducing balance

Launderette equipment

-

25% on reducing balance

Garden equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in surplus or deficit.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Entry

security

Launderette

Garden

system

equipment

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

47,288

11,002

3,739

62,029

DEPRECIATION

At 1 April 2024

43,379

10,965

3,639

57,983

Charge for year

391

10

25

426

At 31 March 2025

43,770

10,975

3,664

58,409

NET BOOK VALUE

At 31 March 2025

3,518

27

75

3,620

At 31 March 2024

3,909

37

100

4,046

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

140,000

NET BOOK VALUE

At 31 March 2025

140,000

At 31 March 2024

140,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

114,050

Valuation in 2024

20,000

Cost

5,950

140,000

If Investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

5,950

5,950

Investment property was valued on an open market basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

8,019

7,264

Other debtors

21,962

6,391

29,981

13,655

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,445

1,272

Taxation and social security

3,300

3,575

Other creditors

5,055

10,023

13,800

14,870

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Frances Howard BFP FCA (Senior Statutory Auditor)

For and on behalf of Fortus Audit LLP