Company registration number 06329622 (England and Wales)
IAN TONGE PROPERTY SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
IAN TONGE PROPERTY SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
IAN TONGE PROPERTY SERVICES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
51,100
62,200
Tangible assets
5
9,120
11,594
60,220
73,794
Current assets
Debtors
6
47,751
62,350
Cash at bank and in hand
92,343
14,106
140,094
76,456
Creditors: amounts falling due within one year
7
(55,771)
(53,887)
Net current assets
84,323
22,569
Total assets less current liabilities
144,543
96,363
Creditors: amounts falling due after more than one year
8
(152,402)
(150,938)
Provisions for liabilities
(3,672)
(3,091)
Net liabilities
(11,531)
(57,666)
Capital and reserves
Called up share capital
1,000
1,000
Share premium account
379,100
379,100
Profit and loss reserves
(391,631)
(437,766)
Total equity
(11,531)
(57,666)
IAN TONGE PROPERTY SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

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

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 February 2026 and are signed on its behalf by:
J R Tonge
Director
Company registration number 06329622 (England and Wales)
IAN TONGE PROPERTY SERVICES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Share capital
Share premium account
Profit and loss reserves
Total
£
£
£
£
Balance at 1 April 2023
1,000
379,100
(348,284)
31,816
Year ended 31 March 2024:
Loss and total comprehensive income
-
-
(89,482)
(89,482)
Balance at 31 March 2024
1,000
379,100
(437,766)
(57,666)
Year ended 31 March 2025:
Profit and total comprehensive income
-
-
46,135
46,135
Balance at 31 March 2025
1,000
379,100
(391,631)
(11,531)
IAN TONGE PROPERTY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

Ian Tonge Property Services Limited is a private company limited by shares incorporated in England and Wales. The registered office address can be found on the Company Information Page. Alpha House, 4 Greek Street, Stockport, Cheshire, United Kingdom, SK3 8AB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

The directors have considered cash flow projections for a period of 12 months from the date of approval of the accounts. The projections demonstrate that the company will have sufficient cash flow to meets it's liabilities.

The d irectors consider the cash position and future requirements on a regular basis and ensure that appropriate facilities are available.

The directors have assumed that all current available funding will continue and accordingly, consider it appropriate that the accounts are prepared on the going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, being that of estate agents and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of businesses in 2011 and 2017, over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is twenty and ten years respectively.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Fixtures and fittings
15% on reducing balance
Computer Equipment
33% on cost
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

IAN TONGE PROPERTY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors have deemed there to be no key accounting estimates present within the financial statements.

IAN TONGE PROPERTY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
12
13
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
182,000
Amortisation and impairment
At 1 April 2024
119,800
Amortisation charged for the year
11,100
At 31 March 2025
130,900
Carrying amount
At 31 March 2025
51,100
At 31 March 2024
62,200
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
82,175
105,354
187,529
Depreciation and impairment
At 1 April 2024
82,175
93,760
175,935
Depreciation charged in the year
-
0
2,474
2,474
At 31 March 2025
82,175
96,234
178,409
Carrying amount
At 31 March 2025
-
0
9,120
9,120
At 31 March 2024
-
0
11,594
11,594
IAN TONGE PROPERTY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
4,151
8,614
Other debtors
43,600
53,736
47,751
62,350
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,648
10,648
Trade creditors
7,491
12,096
Taxation and social security
29,722
17,592
Other creditors
7,910
13,551
55,771
53,887
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,428
12,644
Other creditors
149,974
138,294
152,402
150,938
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