IRIS Accounts Production v26.1.0.640 07917214 Board of Directors 1.9.24 31.8.25 31.8.25 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07917214 2024-08-31 07917214 2025-08-31 07917214 2024-09-01 2025-08-31 07917214 2023-08-31 07917214 2023-09-01 2024-08-31 07917214 2024-08-31 07917214 ns14:PoundSterling 2024-09-01 2025-08-31 07917214 ns10:Director1 2024-09-01 2025-08-31 07917214 ns10:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 07917214 ns10:SmallEntities 2024-09-01 2025-08-31 07917214 ns10:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 07917214 ns10:SmallCompaniesRegimeForDirectorsReport 2024-09-01 2025-08-31 07917214 ns10:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 07917214 ns10:FullAccounts 2024-09-01 2025-08-31 07917214 ns10:Director2 2024-09-01 2025-08-31 07917214 ns10:RegisteredOffice 2024-09-01 2025-08-31 07917214 ns5:CurrentFinancialInstruments 2025-08-31 07917214 ns5:CurrentFinancialInstruments 2024-08-31 07917214 ns5:Non-currentFinancialInstruments 2025-08-31 07917214 ns5:Non-currentFinancialInstruments 2024-08-31 07917214 ns5:ShareCapital 2025-08-31 07917214 ns5:ShareCapital 2024-08-31 07917214 ns5:RevaluationReserve 2025-08-31 07917214 ns5:RevaluationReserve 2024-08-31 07917214 ns5:RetainedEarningsAccumulatedLosses 2025-08-31 07917214 ns5:RetainedEarningsAccumulatedLosses 2024-08-31

REGISTERED NUMBER: 07917214

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 AUGUST 2025 |

| FOR |

| I & R DANIELS LTD |

| I & R DANIELS LTD (REGISTERED NUMBER: 07917214) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| I & R DANIELS LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

| DIRECTORS: | R Daniels

| I S Daniels

| REGISTERED OFFICE: | 869 High Road

| London

| N12 8QA

| REGISTERED NUMBER: | 07917214

| ACCOUNTANTS: | AC Partners LLP

| Chartered Accountants

| 869 High Road

| London

| N12 8QA

| I & R DANIELS LTD (REGISTERED NUMBER: 07917214) |

BALANCE SHEET

31 AUGUST 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 2,200,000 |  | 1,854,383 |  |

CURRENT ASSETS

Cash at bank | 4,040 |  | 10,708 |  |

CREDITORS

Amounts falling due within one year | 5 | 6,874 |  | 7,786 |  |

NET CURRENT (LIABILITIES)/ASSETS | (2,834 | ) | 2,922 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,197,166 |  | 1,857,305 |  |

CREDITORS

Amounts falling due after more than one year | 6 | (1,245,629 | ) | (896,128 | ) |

PROVISIONS FOR LIABILITIES | (219,585 | ) | (227,755 | ) |

NET ASSETS | 731,952 |  | 733,422 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Non-distributable reserve | 658,754 |  | 683,266 |  |

Retained earnings | 72,198 |  | 49,156 |  |

731,952 |  | 733,422 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2026 and were signed on its behalf by:

R Daniels - Director

| I & R DANIELS LTD (REGISTERED NUMBER: 07917214) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1. | STATUTORY INFORMATION

| I & R Daniels Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| BASIS OF PREPARING THE FINANCIAL STATEMENTS

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| TURNOVER

| Turnover represents rental income receivable.

| INVESTMENT PROPERTY

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

| The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The director considers that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the loss for the financial year would have been increased by the amount of depreciation.

| TAXATION

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| DEFERRED TAX

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 September 2024 | 1,854,383 |  |

| Additions | 378,300 |  |

| Revaluations | (32,683 | ) |

| At 31 August 2025 | 2,200,000 |  |

| NET BOOK VALUE

| At 31 August 2025 | 2,200,000 |  |

| At 31 August 2024 | 1,854,383 |  |

| I & R DANIELS LTD (REGISTERED NUMBER: 07917214) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Taxation and social security | 5,614 |  | 6,526 |  |

| Other creditors | 1,260 |  | 1,260 |  |

6,874 |  | 7,786 |  |

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 749,881 |  | 438,213 |  |

| Other creditors | 495,748 |  | 457,915 |  |

1,245,629 |  | 896,128 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 749,881 |  | 438,213 |  |