Islegrove Properties Limited

	Page
Accountant's Report	1
Statement of Financial Position	2—3
Notes to the Financial Statements	4—5

Report to the director on the preparation of the unaudited statutory accounts of Islegrove Properties Limited For The Year Ended 31 March 2025

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Islegrove Properties Limited which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Islegrove Properties Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Islegrove Properties Limited and state those matters that we have agreed to state to the director of Islegrove Properties Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Islegrove Properties Limited and its director as a body for our work or for this report.

It is your duty to ensure that Islegrove Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Islegrove Properties Limited . You consider that Islegrove 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 accounts of Islegrove 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 financial statements.

29/12/2025

HJO Tax Consultancy

Chartered Certified Accountant

100 Wulfstan Way

Cambridge

CB1 8QJ

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Islegrove Properties Limited

Statement of Financial Position

As At 31 March 2025

Statement of Financial Position

Registered number: 08893351

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		2,641,267		2,641,267

			2,641,267		2,641,267
CURRENT ASSETS
Cash at bank and in hand		12,377		5,352

		12,377		5,352
Creditors: Amounts Falling Due Within One Year	5	(193,320 )		(220,693 )

NET CURRENT ASSETS (LIABILITIES)			(180,943 )		(215,341 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,460,324		2,425,926

Creditors: Amounts Falling Due After More Than One Year	6		(2,231,979 )		(2,232,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(39,796 )		(39,796 )

NET ASSETS			188,549		154,130

CAPITAL AND RESERVES
Called up share capital	10		100		100
Revaluation reserve	12		209,454		209,454
Income Statement			(21,005 )		(55,424 )

SHAREHOLDERS' FUNDS			188,549		154,130

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Islegrove Properties Limited

Statement of Financial Position (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr John Price

Director

29/12/2025

The notes on pages 4 to 5 form part of these financial statements.

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Islegrove Properties Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Islegrove Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08893351 . The registered office is 23 King Street, Cambridge, Cambridgeshire, CB1 1AH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises rents received by the company from its investment properties.

2.3. Investment Properties

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

2.4. Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences.

Deferred tax liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	2,641,267

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	13,007	17,037
Corporation tax	3,599	-
Other creditors	2,429	6,994
Director's loan account	174,285	196,662

	193,320	220,693

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Islegrove Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,231,979	2,232,000

7. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	2,231,979		2,232,000

8. Deferred Taxation

The provision for deferred taxation is made up of the potential charge on the revaluation of the company's investment properties.

	2025	2024
	£	£
Other timing differences	39,796	39,796

9. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	39,796	39,796

Balance at 31 March 2025	39,796	39,796

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr John Price	196,662	-	-	-	-

The above loan is unsecured, interest free and repayable on demand.

12. Reserves

	Revaluation reserve	Income Statement
	£	£
As at 1 April 2024	209,454	(55,424 )
Profit for the year and total comprehensive income	-	34,419

As at 31 March 2025	209,454	(21,005 )

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