Company Registration No. 12934048 (England and Wales)
IAR Properties Ltd
Filleted Accounts
for the year ended 31 March 2025
IAR Properties Ltd
Filleted Accounts
Contents
IAR Properties Ltd
Company Information
for the year ended 31 March 2025
Director
Dr Irfan Akbar Ravat
Company Number
12934048 (England and Wales)
Registered Office
Hawthorne House
17A Hawthorne Drive
Leicester
LE5 6DL
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
IAR Properties Ltd
Statement of financial position
as at 31 March 2025
Investment property
4,288,650
4,288,650
Debtors
1,808,060
1,834,060
Cash at bank and in hand
211,547
147,896
Creditors: amounts falling due within one year
(6,677)
(23,351)
Net current assets
2,012,930
1,958,605
Total assets less current liabilities
6,301,745
6,247,420
Creditors: amounts falling due after more than one year
(6,150,000)
(6,150,000)
Called up share capital
120
120
Profit and loss account
151,625
97,300
Shareholders' funds
151,745
97,420
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 members have 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 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 and authorised for issue on 18 December 2025 and were signed on its behalf by
Dr Irfan Akbar Ravat
Director
Company Registration No. 12934048
IAR Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025
IAR Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12934048. The registered office is Hawthorne House, 17A Hawthorne Drive, Leicester, LE5 6DL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments in shares are included at fair value.
Fair value at 1 April 2024
4,288,650
At 31 March 2025
4,288,650
IAR Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Investments
Other investments
Valuation at 1 April 2024
165
Valuation at 31 March 2025
165
65 Shares in Zii Properties Ltd
100 Shares in Zenith (Bolton) Ltd
Amounts falling due within one year
Trade debtors
39,000
65,000
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,614,060
1,614,060
Other debtors
155,000
155,000
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
560
177
Other creditors
4,675
21,732
8
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
6,150,000
6,150,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
20 Ordinary shares B of £1 each
20
20
10
Transactions with related parties
IAR Properties Ltd has provided loans to Zii Properties Ltd, a company in which it has a controlling interest. As at 31 March 2025 the balance outstanding to IAR Properties Ltd was £1,614,060 (2024- £1,614,060).
11
Average number of employees
During the year the average number of employees was 5 (2024: 5).