IPA Properties Limited - Filleted accounts

Registered number

04081870

IPA Properties Limited

Filleted Accounts

31 July 2025

IPA Properties Limited
Registered number:		04081870
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		343,096			344,876

Current assets
Cash at bank and in hand		57,018			41,477

Creditors: amounts falling due within one year	4	(101,551)			(83,263)

Net current liabilities			(44,533)			(41,786)

Net assets			298,563			303,090

Capital and reserves
Called up share capital			3			3
Profit and loss account			298,560			303,087

Shareholders' funds			298,563			303,090

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs P E Jackson
Director
Approved by the board on 23 April 2026

IPA Properties Limited
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Motor Vehicles	over 4 years
	Fixtures, fittings, tools and equipment	over 5 years

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			0		0


3	Tangible fixed assets
		Land and buildings		Motor vehicles		Total
£			£		£
	Cost
	At 1 August 2024	343,096		10,000		353,096
	Disposals	-		(10,000)		(10,000)
	At 31 July 2025	343,096		-		343,096

	Depreciation
	At 1 August 2024	-		8,220		8,220
	On disposals	-		(8,220)		(8,220)
	At 31 July 2025	-		-		-

	Net book value
	At 31 July 2025	343,096		-		343,096
	At 31 July 2024	343,096		1,780		344,876


4	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			240		348
	Taxation and social security costs			5,917		3,987
	Other creditors			95,394		78,928
				101,551		83,263


5	Other information

	IPA Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:

	Unit 3 Eastwood Court
	Hawarden Industrial Park
	Manor Lane
	Hawarden
	CH5 3QB