Ivystar Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04288235 (England and Wales)

Ivystar Properties Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr H Galip

SECRETARY:

Mr H Galip

REGISTERED OFFICE:

239-241 Kennington Lane

London

SE11 5QU

REGISTERED NUMBER:

04288235 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ivystar Properties Limited for the year ended 31 March 2025 which comprise the Abridged Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Ivystar Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ivystar Properties Limited and state those matters that we have agreed to state to the director of Ivystar Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ivystar Properties Limited and its director for our work or for this report.

It is your duty to ensure that Ivystar Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ivystar Properties Limited. You consider that Ivystar Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ivystar Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

23 December 2025

FIXED ASSETS

Property, plant and equipment

4

23

31

Investment property

5

360,000

300,000

360,023

300,031

CURRENT ASSETS

Debtors

6

43,947

48,133

Cash in hand

951

950

44,898

49,083

CREDITORS

Amounts falling due within one year

7

14,837

19,814

NET CURRENT ASSETS

30,061

29,269

TOTAL ASSETS LESS CURRENT
LIABILITIES

390,084

329,300

CREDITORS

Amounts falling due after more than one
year

8

(178,500

)

(178,500

)

PROVISIONS FOR LIABILITIES

9

(19,485

)

(14,505

)

NET ASSETS

192,099

136,295

CAPITAL AND RESERVES

Called up share capital

10

100

Fair value reserve

11

215,140

160,122

Retained earnings

11

(23,141

)

(23,927

)

SHAREHOLDERS' FUNDS

192,099

136,295

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 director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

Mr H Galip - Director

1.	STATUTORY INFORMATION

Ivystar Properties Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

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

Turnover is generated from the ordinary activities of the company and is recognised when the rent becomes due on quarter end dates.

Tangible fixed assets

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

FF & 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 profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2024 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

FF &

equipment

£

COST

At 1 April 2024

and 31 March 2025

1,292

DEPRECIATION

At 1 April 2024

1,261

Charge for year

8

At 31 March 2025

1,269

NET BOOK VALUE

At 31 March 2025

23

At 31 March 2024

31

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

300,000

Revaluations

60,000

At 31 March 2025

360,000

NET BOOK VALUE

At 31 March 2025

360,000

At 31 March 2024

300,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2014

104,622

Valuation in 2015

20,000

Valuation in 2019

5,000

Valuation in 2020

16,000

Valuation in 2021

10,000

Valuation in 2022

19,000

Valuation in 2025

60,000

Cost

125,378

360,000

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

2025

2024

£

Cost

125,378

The investment property was valued on a fair value basis on 31 March 2025 by Mr H Galip, the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

43,947

48,133

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

674

-

Taxation and social security

13,203

18,854

Other creditors

960

14,837

19,814

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans

178,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

178,500

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

19,485

14,505

Deferred

tax

£

Balance at 1 April 2024

14,505

Credit to Income Statement during year

(2

)

Investment prop revaluation

4,982

Balance at 31 March 2025

19,485

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 April 2024

(23,927

)

160,122

136,195

Profit for the year

55,804

FV adj investment properties

(55,018

)

55,018

-

At 31 March 2025

(23,141

)

215,140

191,999

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

Mr H Galip

Balance outstanding at start of year

35,611

28,220

Amounts advanced

-

7,391

Amounts repaid

(4,186

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

31,425

35,611