22 July 2024 false No description of principal activity Taxfiler 2024.6 15850862 business:PrivateLimitedCompanyLtd 2024-07-22 2025-07-31 15850862 2024-07-21 15850862 2024-07-22 2025-07-31 15850862 business:AuditExempt-NoAccountantsReport 2024-07-22 2025-07-31 15850862 business:FilletedAccounts 2024-07-22 2025-07-31 15850862 2025-07-31 15850862 business:Director1 2024-07-22 2025-07-31 15850862 business:RegisteredOffice 2024-07-22 2025-07-31 15850862 core:WithinOneYear 2025-07-31 15850862 core:AfterOneYear 2025-07-31 15850862 core:ShareCapital core:PreviouslyStatedAmount 2025-07-31 15850862 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-07-31 15850862 core:PreviouslyStatedAmount 2025-07-31 15850862 business:SmallEntities 2024-07-22 2025-07-31 15850862 countries:EnglandWales 2024-07-22 2025-07-31 15850862 core:ComputerEquipment 2024-07-22 2025-07-31 15850862 core:ComputerEquipment 2024-07-21 15850862 core:ComputerEquipment 2025-07-31 iso4217:GBP xbrli:pure
Company Registration No. 15850862 (England and Wales)
Is Property Simple Ltd Unaudited accounts for the period from 22 July 2024 to 31 July 2025
Is Property Simple Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Is Property Simple Ltd Company Information for the period from 22 July 2024 to 31 July 2025
Director
Tyrese Nathanael Thomas
Company Number
15850862 (England and Wales)
Registered Office
Victory House Victory House Chobham Street Luton Bedfordshire LU1 3BS England
Accountants
SGM Accountants Limited 147 Slades Drive Chislehurst London BR7 6JZ
- 3 -
Is Property Simple Ltd Statement of financial position as at 31 July 2025
2025
Notes
£
Fixed assets
Tangible assets
4
342
Current assets
Debtors
5
4,500
Cash at bank and in hand
3,243
7,743
Creditors: amounts falling due within one year
6
(24,279)
Net current liabilities
(16,536)
Total assets less current liabilities
(16,194)
Creditors: amounts falling due after more than one year
7
(4,500)
Net liabilities
(20,694)
Capital and reserves
Called up share capital
1
Profit and loss account
(20,695)
Shareholders' funds
(20,694)
For the period ending 31 July 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 28 March 2026 and were signed on its behalf by
Tyrese Nathanael Thomas Director Company Registration No. 15850862
- 4 -
Is Property Simple Ltd Notes to the Accounts for the period from 22 July 2024 to 31 July 2025
1
Statutory information
Is Property Simple Ltd is a private company, limited by shares, registered in England and Wales, registration number 15850862. The registered office is Victory House, Victory House, Chobham Street, Luton, Bedfordshire, LU1 3BS, England.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Straight Line
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 22 July 2024
-
Additions
428
At 31 July 2025
428
Depreciation
Charge for the period
86
At 31 July 2025
86
Net book value
At 31 July 2025
342
5
Debtors
2025
£
Amounts falling due within one year
Other debtors
4,500
- 5 -
Is Property Simple Ltd Notes to the Accounts for the period from 22 July 2024 to 31 July 2025
6
Creditors: amounts falling due within one year
2025
£
Other creditors
5,506
Loans from directors
18,223
Accruals
550
24,279
7
Creditors: amounts falling due after more than one year
2025
£
Other creditors
4,500
8
Average number of employees
During the period the average number of employees was 1.
- 6 -