Imada Lettings Limited 30/09/2025 iXBRL

Company registration number: 15960541

Imada Lettings Limited

Unaudited filleted financial statements

30 September 2025

Imada Lettings Limited

Contents

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Imada Lettings Limited

Statement of financial position

30 September 2025

		30/09/25
	Note	£	£

Fixed assets
Tangible assets	5	603,666
		_______
			603,666

Current assets
Debtors	6	4,020
Cash at bank and in hand		16,760
		_______
		20,780
Creditors: amounts falling due
within one year	7	( 225,121)
		_______
Net current liabilities			( 204,341)
			_______
Total assets less current liabilities			399,325

Creditors: amounts falling due
after more than one year	8		( 401,938)
			_______
Net liabilities			( 2,613)
			_______

Capital and reserves
Called up share capital			40
Profit and loss account			( 2,653)
			_______
Shareholders deficit			( 2,613)
			_______

For the period ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 13 May 2026 , and are signed on behalf of the board by:

M. D. Smith

Director

Company registration number: 15960541

Imada Lettings Limited

Statement of changes in equity

Period ended 30 September 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 17 September 2024	-	-	-

Loss for the period		( 2,653)	( 2,653)
	_______	_______	_______
Total comprehensive income for the period	-	( 2,653)	( 2,653)

Issue of shares	40		40
	_______	_______	_______
Total investments by and distributions to owners	40	-	40

	_______	_______	_______
At 30 September 2025	40	( 2,653)	( 2,613)
	_______	_______	_______

Imada Lettings Limited

Notes to the financial statements

Period ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and wales. The address of the registered office is West 2, Asama Court, Newcastle Business Park, Newcastle upon Tyne, NE4 7YD.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have considered the company’s ability to continue as a going concern, including looking at forecasts for a period of at least 12 months from the date of approval of these financial statements. The directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future and therefore continue to adopt the going concern basis in preparing the financial statements.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is included at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Rents receivable

Rents receivable are accounted for an accruals basis.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2

5. Tangible assets

	Investment Property	Total
	£	£
Cost
At 17 September 2024	-	-
Additions	603,666	603,666
	_______	_______
At 30 September 2025	603,666	603,666
	_______	_______
Depreciation
At 17 September 2024 and 30 September 2025	-	-
	_______	_______
Carrying amount
At 30 September 2025	603,666	603,666
	_______	_______

Investment property

Included within the above is investment property measured at fair value as follows:

		£
	Additions	603,666
		_______

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


	Investment Property	Total
	£	£
At 30 September 2025
Aggregate cost	603,666	603,666
Aggregate depreciation	-	-
	_______	_______
Carrying amount	603,666	603,666
	_______	_______

6. Debtors

			30/09/25
			£
	Other debtors		4,020
			_______

7. Creditors: amounts falling due within one year

			30/09/25
			£
	Bank loans and overdrafts		21,882
	Other creditors		203,239
			_______
			225,121
			_______

8. Creditors: amounts falling due after more than one year

			30/09/25
			£
	Bank loans and overdrafts		401,938
			_______

Included within creditors: amounts falling due after more than one year is an amount of £ 314,411 (2024 £ - ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The bank loans are secured by way of legal charges over the investment properties.

9. Related party transactions

During the period the company entered into the following transactions with related parties:

	Transaction value	Balance owed by /(owed to)
	Period	Period
	ended	ended
	30/09/25	30/09/25
	£	£
Director	( 99,180)	( 99,160)
Director	( 99,180)	( 99,160)
	_______	_______

The loans advanced to the Company by the Director's are on an interest free basis, unsecured and repayable on demand.