General Information
I A Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 09255414, registration address Catalyst House, 720 Centennial Ave , Borehamwood, WD6 3SY.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Investment properties |
|
Total |
| |
£ |
|
£ |
| At 01 May 2024 |
294,149 |
|
294,149 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| Revaluations |
25,851 |
|
25,851 |
| At 30 April 2025 |
320,000 |
|
320,000 |
| Depreciation |
| At 01 May 2024 |
- |
|
- |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 30 April 2025 |
- |
|
- |
| Net book values |
| Closing balance as at 30 April 2025 |
320,000 |
|
320,000 |
| Opening balance as at 01 May 2024 |
294,149 |
|
294,149 |
|
| 4. |
Investments
| Cost |
Other investments other than loans |
|
Investments in group undertakings |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 May 2024 |
120,000 |
|
1 |
|
120,001 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 30 April 2025 |
120,000 |
|
1 |
|
120,001 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Other Debtors |
2,627 |
|
282 |
|
2,627 |
|
282 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Taxation and Social Security |
1,961 |
|
690 |
| Other Creditors |
2,711 |
|
0 |
|
4,672 |
|
690 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
204,136 |
|
204,136 |
|
204,136 |
|
204,136 |
|
| 8. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
4,912 |
|
0 |
|
4,912 |
|
0 |
|
| 9. |
Revaluation Reserves
|
2025
£ |
|
2024
£ |
| Revaluation Reserve |
20,940 |
|
0 |
|
20,940 |
|
0 |
|
3
|