Registration number: 03392966

I & S Properties Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

I & S Properties Limited

Balance Sheet

as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	11,624	13,388
Investment properties	5	4,377,500	4,377,500
		4,389,124	4,390,888
Current assets
Stocks		193,641	193,641
Debtors	6	3,640	4,368
Cash at bank and in hand		585,333	510,037
		782,614	708,046
Creditors: Amounts falling due within one year	7	(141,644)	(225,372)
Net current assets		640,970	482,674
Total assets less current liabilities		5,030,094	4,873,562
Provisions for liabilities		(287,531)	(287,972)
Net assets		4,742,563	4,585,590
Capital and reserves
Allotted, called up and fully paid share capital		100	100
Profit and loss account		4,742,463	4,585,490
Shareholders' funds		4,742,563	4,585,590

Registration number: 03392966

I & S Properties Limited

Balance Sheet

as at 30 June 2025 (continued)

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 16 January 2026 and signed on its behalf by:
 

......................................... Mr G Ingham Director

I & S Properties Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 June 2025

1	General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 03392966.

The address of its registered office is:
609a Denby Dale Road
Calder Grove
Wakefield
West Yorkshire
WF4 3DJ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises of rent receivable and insurance recharges.

 

I & S Properties Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 June 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% per annum on a reducing balance basis

Investment properties

Investment properties are carried at fair value with any surplus or deficit recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

I & S Properties Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 June 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2024 - 2).

4	Tangible assets

	Plant and machinery  £	Total £
Cost
At 1 July 2024	18,000	18,000
At 30 June 2025	18,000	18,000
Depreciation
At 1 July 2024	4,612	4,612
Charge for the year	1,764	1,764
At 30 June 2025	6,376	6,376
Net book value
At 30 June 2025	11,624	11,624
At 30 June 2024	13,388	13,388

5	Investment properties

	2025 £	2024 £
At 1 July	4,377,500	4,377,500

The investment properties have been valued by the directors at open market value.

I & S Properties Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 June 2025 (continued)

6

Debtors

Current	2025 £	2024 £
Trade debtors	1,341	2,100
Prepayments	2,299	2,268
	3,640	4,368

7

Creditors

	2025 £	2024 £
Due within one year
Taxation and social security	1,265	1,041
Corporation tax liability	68,635	68,339
Accruals and deferred income	5,736	5,160
Directors loan accounts	66,008	150,832
	141,644	225,372