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COMPANY REGISTRATION NUMBER: 11310268

IVORY GRANGE PROPERTIES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 April 2025

IVORY GRANGE PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2025

| 2025 | 2024
Note | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 4 |  | 330,000 |  | 330,000

CURRENT ASSETS

Debtors | 5 | 195 |  | 195 |
Cash at bank and in hand | 2,722 |  | 7,509 |
| ------- |  | ------- |
| 2,917 |  | 7,704 |

CREDITORS: amounts falling due within one year | 6 | 28,045 |  | 35,264 |
| -------- |  | -------- |
NET CURRENT LIABILITIES |  | 25,128 |  | 27,560
|  | --------- |  | ---------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 304,872 |  | 302,440

CREDITORS: amounts falling due after more than one year | 7 |  | 241,107 |  | 237,228

PROVISIONS |  | 11,410 |  | 11,671
|  | --------- |  | ---------
NET ASSETS |  | 52,355 |  | 53,541
|  | --------- |  | ---------

CAPITAL AND RESERVES

Called up share capital |  | 100 |  | 100
Revaluation reserve |  | 60,697 |  | 60,697
Profit and loss account |  | ( 8,442) |  | ( 7,256)
|  | -------- |  | --------
SHAREHOLDERS FUNDS |  | 52,355 |  | 53,541
|  | -------- |  | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 April 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

IVORY GRANGE PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 22 January 2026 , and are signed on behalf of the board by:

Mrs K Baish
Director

Company registration number: 11310268

IVORY GRANGE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition Turnover represents the amount derived from rents receivable. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference. Tangible assets Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised in profit or los Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
4. TANGIBLE ASSETS

| Investment property
| £
Cost or valuation |
At 1 May 2024 and 30 April 2025 | 330,000
| ---------
Depreciation |
At 1 May 2024 and 30 April 2025 | –
| ---------
Carrying amount |
At 30 April 2025 | 330,000
| ---------
At 30 April 2024 | 330,000
| ---------

5. DEBTORS

| 2025 | 2024
| £ | £
Other debtors | 195 | 195
| ---- | ----

6. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £
Other creditors | 28,045 | 35,264
| -------- | --------

7. CREDITORS: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Mortgages | 241,107 | 237,228
| --------- | ---------

The directors have provided personal guarantees in relation to mortgages which are included in Bank loans and overdrafts.
The mortgages are secured on properties held by the company.
8. RELATED PARTY TRANSACTIONS
The directors have advanced monies to the company. At 30 April 2025 the amount owed by the company was £26,490 (2024 - £33,100).